Heather Winston is a Director within Retirement and Income Solutions for Principal Advised Services (PAS), an affiliated digital RIA of Principal Financial Group. She serves as the Chief Product and Sales Officer, is responsible for the ongoing leadership and management of the customer-facing teams within PAS and collaborates on advice initiatives involving the broader Individual Solutions business of which PAS is a part.
Just because retirement savings are in your name doesn’t mean they’re necessarily all yours. Meet a man who was on track to retire in 15 years, until a divorce settlement changed his plans.
Readjusting to your new normal as a single individual can be difficult following a divorce. Revisit your saving and spending habits, your budget, and your goals. Extend yourself some grace as you move through this time. Divorce is psychologically draining, and it gets even more challenging when there’s money involved. You can't control the markets, but you can control how much you're putting into your retirement.