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Divorce and Retirement Risk

Here are some good ideas for preparing for retirement – save, invest, work longer, and wait to collect Social Security. But all of these tactics may not amount to much if you are unable to form a permanent bond with your current spouse. According to new findings from the Center for Retirement Research at Boston College, when all is said and done, ending a marriage can be nearly as destructive to your retirement savings as say the Great Recession was. Divorce implies legal fees, splitting assets in two, and shifting from a two-income household to a one-income household.  

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.