From a financial perspective, not much good comes from a divorce. Invariably, two households need to be supported from the same pool of income and assets that existed when the couple was married. Although both parties need to adjust to their post-marriage financial realities, generally, the transition is more difficult for the financially less sophisticated partner, the “nonmoneyed spouse.”
If you are in this position, often there is a cash settlement that you likely will need to partially or fully fund many years of your ongoing lifestyle. As many who have been in a similar position have learned, converting cash into a diversified investment portfolio that generates sufficient returns for the next 10, 20 or 30 years, at an acceptable level of risk, is very challenging.