Gray divorce can throw your retirement plans into disarray
According to data from the Pew Research Center, divorce rates among people over 50 have doubled since the 1990s. “Gray divorce” can be particularly disorienting for spouses who sideline a career to raise a family and have little or no retirement savings in their own name. Although it may seem daunting, it’s important to get a handle on your finances; this is especially relevant for those confronting the prospect of being financially independent after a long hiatus or for the first time ever. The attached article gives advice on what you need to do before your divorce is finalized. Read article here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.