Retirement planning during divorce
If you’re struggling through a divorce, you’re not alone. In 2025, over 672,000 divorces were documented.1 For something so prevalent, divorce is expensive — a median price tag is $7,000 — and getting a handle on the financial repercussions from this life change is key to overall financial and mental well-being.2 Retirement plans are often critical assets targeted by both spouses, particularly when a nonworking spouse does not have any savings. At a time when financial protection is top of mind, retirement strategies for life after divorce may require some careful consideration.
Knowledge is power — and potentially more money
Most retirement strategies have specific procedures and rules that must be followed when dividing the assets in a divorce.3 If you don’t follow them — or simply don’t know them — it could lead to a forfeiture of some or all assets. That means you may receive nothing from your spouse, regardless of any previously agreed-upon arrangements.4 So, know where all of your and your partner’s assets are.
Gather your family’s financial information in one place so you can view tax returns, 401(k) records, IRAs, annuities, pensions, whole life insurance cash value assets, and cost assessments of property such as homes, cars, artwork, items in safety deposit boxes, jewelry, and furniture. If you happen to own a business together, don’t forget the fair value of your business. Assemble bills, debts, and note any ongoing costs.5 You’ll need proof of ownership to access assets in the future once you are retired, so make certain that you’re named in writing as an owner, recipient, or beneficiary –— whichever applies. If you’re receiving or paying for alimony or child support, it’s important to consider having life insurance policies in place to help ensure your income in the event of injury, illness, or death.
Know what you’re entitled to: for the spouse with the lower income
If you’re the spouse with the lower income, make sure you understand your eligibility for Social Security and retirement plans before you sign the divorce papers. After a divorce, both spouses have to adjust, but the spouse with the lower income has to adjust more.6 So make sure that you exercise your rights; spouses not enrolled in a retirement plan have the right to obtain information about all retirement plan balances or account balances that the other partner owns.7
After 10 years of marriage, you may qualify for Social Security payments based upon your spouse’s higher income (with some stipulations).8 That could potentially mean more income each month. Some couples close to the 10-year mark actually opt to stall with a legal separation first, so that the marriage is counted for spousal Social Security benefits.
Protecting your retirement assets after divorce: for the spouse with the higher income
During the divorce proceedings, take a look at what your new tax bracket will be. Single filers deal with higher limits, so it pays to check whether you qualify as head of household or another tax filing status that’s more financially beneficial.9 If you’re over 50, take advantage of the “catch-up” contributions offered by your IRA and 401(k), which now allow greater annual contributions to replenish your store of retirement savings.10
Prenups are for anyone who wants to protect their retirement assets, not just the ultrarich
A prenuptial agreement may be the most straightforward way to protect your retirement assets if you eventually split up, especially if one or both of you have had children prior to this marriage. A prenup is not only for the very rich; while it does establish what kind of support a spouse will pay to the other spouse during or after a divorce, it can also establish that support will not be available if the parties later divorce.11
Every state has its own laws concerning the distribution of assets and properties during a divorce. A prenuptial agreement can bypass many of those laws if the couple agrees ahead of time who will get what in the event of a divorce, such as the marital residence.12 If you’re divorcing, re-examine your agreement with an eye towards whether your attorney at the time left some room for adjustments that could benefit you and your spouse depending upon your circumstances at the time of divorce.13
The bottom line
As is usually the case, approaching retirement strategies after divorce can be more beneficial and less stressful the more research you do on the subject. Having (or even kicking off) a solid relationship with a financial advisor like me will help you to gather as much information about your assets as you can, and start to recreate your retirement budget. I can help you to stay informed and plan ahead. Our partnership can be to your advantage as you embark on this latest life change.
Disclaimer:
1. Marriage and Divorce Statistics in US 2025 | Key Facts, The World Data, 2025
2. The Average Cost of a Divorce, Motley Fool Money, 2025
3. Secure Your Retirement Assets During Divorce: Essential Steps & Tips, Investopedia, 2025
4. ibid.
5. How to Financially Prepare for Divorce: 10 Critical Moves to Make Before Moving Forward,
Equitable Mediation, 2025
6. Divorced Spouse Social Security Benefits: Eligibility and How to Claim, Investopedia, 2025
7. Secure Your Retirement Assets During Divorce: Essential Steps & Tips, Investopedia, 2025
8. Spouses and Ex-Spouses Can Be Eligible for Benefits, AARP, 2025
9. Guide to Filing Taxes as Head of Household, TurboTax, 2025
10. 50 or older? 4 ways to catch up your savings, Fidelity, 2025
11. Getting hitched? Protect your finances with a prenup, NPR, 2024
12. Secure Your Retirement Assets During Divorce: Essential Steps & Tips, Investopedia, 2025
13. ibid.
Material discussed is meant for general informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.
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