Gray Divorce: Financial Planning Tips
Update: 2025-12-30
Description
Gray Divorces: Navigating Financial Challenges and Retirement Planning - January sees a surge in divorces, particularly among those over fifty. Women often initiate these gray divorces, leading to significant financial hits. A mans standard of living drops by 21%, while a womans falls by 45%. Both see their wealth cut in half, with housing and pet expenses remaining high. Experts advise careful retirement planning, including splitting savings through a qualified domestic relations order and considering the tax implications of different retirement accounts. Alimony is now temporary, so its wise to save it. Mediation is recommended for disputes, and its crucial to update accounts, beneficiaries, and credit to move forward. Checkout Solipillow.com
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