Pennsylvania residents who get divorced will also have to worry about the division of retirement plans and the potential financial burdens that go hand-in-hand with that. This becomes more disruptive the older a divorcing couple is, though it can naturally affect anyone's retirement plans at any age.
U.S. News states that marriage and divorce can have a huge financial impact on all aspects of retirement. It can affect retirement balances, pensions, and Social Security benefits. In some situations, IRA balances or 401(k) plans can be given to one spouse entirely. However, it's also common to divvy the funds up between both. Dividing by percentage is considered a better idea than dividing by dollar since the value of the retirement plans may change with time. It's also possible that only the money made after a marriage begins will be available for division between both parties.