Divorce by the decade seems like an odd way to call the shots to identify the risks for a marriage. For years, it seemed like the longer you were married or the longer you waited to get married, the better. Most people believe that the relationship between age at marriage and divorce risk was almost linear: the older you were, the lower the chances of divorce. Curiously, not only are these basic assumptions mistaken, but also the premise that all divorces face mostly the same financial issues. Granted there are three financial topics potentially relevant to every divorce: support, custody, and property division. The factors of each vary considerably by your age and should influence what’s most important to you.
Protecting Yourself Financially during Divorce
I HAVE BEEN PRACTICING AS a financial advisor in divorce for more than 25 years, and in the last 10 years the divorce rate in the U.S. for adults over the age of 50 has doubled.
Money woes after a divorce. Take these steps to get a plan in place
If you’re divorced, you don’t need to be told that your financial life has changed. However, one key indicator — how willing
Don’t let money woes silence you after a divorce
If you’re divorced, you don’t need to be told that your financial life has changed.
Older women returning to work, rebuilding savings
Paul Davidson USA Today, Published 5:00 a.m. ET March 25, 2019 Erica Hernandez was a stay-at-home mom through two recessions that depleted her
Every 10 seconds a Boomer turns 60 years old. Gray divorce is what many boomers face. Among U.S. adults over age 50, the divorce rate has doubled since 1994. Contrary to expectations, long term marriages are not immune to divorce and the largest increase (55%) is in first time marriages of over 20 years. With transition and the uncertainty of a divorce outcome, being able to meet one’s needs and protect wealth are the two priorities expressed most often by older individuals who divorce.
Strategies For Protecting Threatened Wealth
How to advise older clients divorcing on the cusp of retirement February 28, 2019by Lili A. Vasileff, CFP, MAFF, CDFAMs. Vasileff is a fee