Divorce among middle aged couples is increasing. In fact, there’s a new name for the trend: “grey divorce.” And according to the journal of sociology, after a grey divorce, women experienced a 45% drop in their standard of living, and men experienced a 21% reduction. Which is why Peter with Richon Planning and Erin Kennedy wanted to talk through some key issues you’ll need to consider as you plan your new future, including:
- Revisit your estate plan
- Examine retirement and pension plans
- Determine how your Social Security benefits will be affected
- Consider health insurance and life insurance
- Consider hiring a Financial Advisor Considering one quarter of people getting divorced is now over 50, walking through these topics with a professional is vitally important.
