The Challenges of ‘Grey Divorce’: Tips For A Successful Transition
Grey divorces are on the rise these days. This term means that couples who are retired or nearing retirement have decided to divorce or separate thus the name “Grey Divorce”. This brings on different challenges that a younger couple would not experience. The challenge is to separate retirement assets that are already in pay and to create two households from one on a limited income. A couple going through a “Grey Divorce” needs different strategic financial planning and a change in their estate plans. It’s important that all disciplines of financial planning are used here with a concentration on the couple’s financial needs both during the separation and post-divorce. If you are at this time period of your life, consider working with a financial planner to help with the challenges. Find a financial planner here.
Article Written By Holly Brady, CFP, CDFA, CFDS, RCP, Prospera Solutions
Categories
Archives
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- September 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- August 2022
- July 2022
- June 2022
- May 2022
- November 2020
- May 2020
- February 2020
- June 2019
- May 2019
- February 2019
- December 2018
- November 2018
- October 2018
- September 2018
- April 2018
- March 2018
- July 2017
- May 2017
- March 2017
- January 2017
- November 2016
- April 2016
- January 2016
- December 2015
- July 2015
- December 2011
- May 2011
- March 2011