Why getting divorced will damage your retirement income

The most recent Government statistics show that in 2011 there were 129,763 divorces compared with 132,338 in the previous year. This is well below the 180,493 divorces in 1993, which was the highest number ever recorded.

But that really is where the good news ends. As anyone who has been through a divorce will know, it is emotionally draining. Unfortunately it is also financially draining and the effects linger on into retirement.
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