When her divorce happened, Monique Prince got the family’s home but her ex-husband got most of the retirement money. She ultimately had to sell the house to pay her legal bills and use the remaining retirement money to buy groceries and pay off debt, Helaine Olen writes.
Today, Prince who is now 49, is a clinical social worker. She puts $150 a month away into her retirement plan but it’s not nearly enough. Even if she works until she’s 70, Prince points out, “that’s only 20 years to try to save up enough money to support myself.”