Published: January 27, 2012
As Baby Boomers approach the last hurdle before the magic retirement age of 65, it is becoming increasingly newsworthy that growing legions of older Americans are untying the marital knot. With this trend for “gray” divorces, there are several challenges: dividing one household into two; re-evaluating near term retirement and estate planning goals; addressing gaps in health insurance coverages; re-examining investment decisions for longer life expectancies. It is truly a “perfect storm” where not only are your financial goals turned upside down, but planning is further complicated by emotional and psychological turmoil affecting your rational decision-making.
Every 10 seconds a Boomer turns 60... Read More
Lili Vasileff is quoted in a recent article by Angela Moore for Market Watch on why older couples are deciding to divorce in record numbers. Lili says, “What’s pushing gray divorce is people are living longer and they feel more entitled to living fully. They’ve contributed to raising children, they want an emotional journey, it’s their time now. They may have decades ahead and don’t want to be unhappy anymore.”
When ‘until death do us part’ sounds like agony
By Angela Moore for Market Watch - March 13, 2017
Looking ahead to the next phase of life can seem pretty dreadful if you can’t stand the person who you’ll be spending it with.
That may be what some boomers are facing.... Read More
In this article for LifeHealth.com, Lili Vasileff explores the topic of late in life divorce. She says, "As a Baby Boomer approaching retirement, let us assume that you and your spouse have been fiscally responsible for most of your lives. But what happens when one household now unexpectedly divides itself in two with a late in life divorce?"
Planning Through Life's Disruptions: Advising Late in Life Divorce
How to help your client untangle, and protect, a mature retirement portfolio
by Lili A. Vasileff, CFP, CDFA
Ms. Vasileff received the national 2013 Pioneering Award for her public advocacy and leadership in the field of divorce financial planning. Lili is the President Emeritus of the national Association of Divorce Financial Planners and is a member of NAPFA,... Read More
As you approach your golden years, you realize you may be heading toward divorce. Now you start asking questions: how does one start the process, how much is it going to cost, and how long does it take?
Many Baby Boomers have misconceptions about divorce. These misconceptions arise from all sorts of people who mean well but mislead when sharing their own experiences and “knowledge from the battlefield”. Everyone has a story to tell. It seems that either they came through divorce reasonably well or they are financially devastated by divorce. The perils of not knowing what lie ahead seem enormous. Your anxiety is clearly growing as it becomes increasingly confusing to know... Read More
Lili Vasileff is quoted in a recent article by Beth Pinsker for Reuters Money on how older couples approach the financial aspects of divorce. Lili says, “Some couples are now putting together ‘post-nuptial’ agreements when they physically separate, just so there are rules for financial arrangements to cover things like disposable income and debts.”
Your Money: Older couples ponder financial impact of divorce
By Beth Pinsker for Reuters Money – Wednesday, April 26, 2017
What makes couples want to split after decades of marriage?
“They look at their spouses and say: ‘I have between 20 and 30 years left, and I don’t want to spend it with you,’ ” says John Slowiaczek, a divorce lawyer... Read More