5 Retirement Planning Steps To Take When Clients Divorce

Amid the emotional turmoil that often accompanies divorce, advisors have an opportunity to secure their clients’ financial futures.

Providing sound financial advice, while no cure for a broken heart, can help alleviate some of the burdens of divorce, especially if clients have little experience with financial planning, says Marilyn Timbers, a retirement coach at Voya Financial Advisors.

“It’s important for a person who has recently gone through divorce to sit down with an an advisor and draw up a plan for their individual goals,” says Timbers. “If you’re working with a client that has been less dominant in the financial side of the relationship, it first becomes a matter of taking a step back and educating them about all aspects of financial planning.

Timbers offers five tips for advisors helping divorced clients to address their retirement savings.

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from FA News http://www.fa-mag.com/news/5-things-advisors-should-do-for-client-retirements-after-divorce-33264.html

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