Divorcing individuals must often choose between homeownership and retirement readiness. The ongoing costs of homeownership may impact your ability to save for retirement each month. In addition, keeping the home in the divorce may mean giving up retirement assets.

Thinking about keeping the home in your divorce? Make sure you can afford the mortgage along with your other monthly expenses. Don’t forget to include the costs of routine maintenance, large one-off expenses, and the expense of hiring someone to do the chores your ex-spouse used to do.