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Splitting the assets in a defined benefit plan also results in loss of wealth for a spouse who would have received more money had the marriage stayed intact until the earner’s retirement,. (Photo: Fotolia)

Divorce is a messy, costly business—and it can damage both spouses financially for far longer than the immediate period surrounding their split from one another.

Such is among the findings of a brief from the Center for Retirement Research at Boston College, which also highlights how broad the problem can be—with approximately 40 percent of marriages ending in divorce. Although the rate is no longer on the increase, that’s still a huge chunk of the population to face the financial woes that come along with the emotional ones.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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