How Does Divorce Affect Your Finances?

two hands holding a burlap bag with a dollar sign on it

Divorce can be one of life's most challenging transitions, bringing not only emotional upheaval but also significant financial considerations.

Since most don’t prepare for divorce when going into marriage, you might not know where to begin in regard to your financial assets. TIAA and Fidelity Investments, U-M’s longtime partners in administering its Retirement Savings Plans, have numerous resources to help with both the financial and personal aspects of ending a marriage.

TIAA On-demand Webinar

TIAA’s free webinar, Managing Your Finances During and After a Divorce, provides practical guidance regarding how divorce affects your financial picture and retirement planning. The event covers essential topics, including dividing assets, updating beneficiaries, adjusting your financial plan, and protecting your long-term financial security.

Whether you're going through a divorce or helping someone who is, this on-demand webinar offers valuable insights to help you make informed decisions during this transition. 

Fidelity Online Resources

“Divorce” is among the topics Fidelity addresses in the “life events” section of its web page. The “Getting divorced” web page offers numerous resources about the following topics:

  • Divorce basics
  • Preparing before divorce
  • Getting started with divorce
  • Dividing assets
  • Self-care and family during divorce
  • Rebuilding after divorce

You must log in to your U-M/Fidelity account to access these resources.

U-M Web Resources

If you have specific questions about how divorce affects your U-M benefits, including health insurance, view the following web pages: