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… Read More
In March 2013, Ginny McKinney and her husband, Dan, were shopping for a camper to pursue their dream of traveling to great golf courses around the country. Then Dan died of a heart attack. He was 62 years old and she was 59.“It was devastating. Grief is like an onion. You have the initial shock of the loss itself,… Read More
As professionals, we must consider how to address the ripple effect of the repeal of the alimony tax deduction and other uncertainties in the new tax law. Divorce has become a tax strategy game with no clear direction.Many couples who are racing to divorce in 2018 may be surprised to learn that even though the tax character of alimony… Read More
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. Among U.S. adults ages 50 and older, the divorce rate has roughly doubled since the 1990s, according to a Pew Research Center
report. Statistically speaking we’re healthier and… Read More
Second only to child custody, alimony is one of the most contentious and difficult-to-navigate processes in any divorce. When two people are splitting up, particularly when that split is acrimonious, the last thing either of them wants to discuss is the prospect of giving money to each other. But, the topic has to be dealt with and the only… Read More
IT IS INEVITABLE that people will see a decline in their financial skills and decision-making ability as they age. No one is exempt: Everyone experiences normal cognitive aging in their later years, which in turn affects various financial skills. The degree of cognitive decline and its effect on specific financial skills varies by… Read More
When one partner takes on all the financial tasks, the other loses out on building money skills.
By Susannah Snider, Staff Writer |June 14, 2018, at 7:40 a.m.
Parents often face the competing challenge of funding their children's college or their own retirement… Read More