I’m Divorced, Now How Am I Going to Retire?
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For the new generation of empty-nesters, divorce is becoming more common. Moreover, among people ages 50 and older, the divorce rate has doubled over the past 20 years. It used to be that as people got aged, the chances of divorce declined – but this is no longer the case. Given that the aging population is living longer and healthier, retiring post divorce is an issue for the grey divorce segment.
On this episode of The Smart Divorce with Deborah Moskovitch, our guest is Eva Sachs, a Certified Divorce Financial Analyst and founder of Women in Divorce Financial http://www.WomenInDivorce.ca discusses the many concerns, considerations and consequences of financial planning post divorce for the older divorcee.
What do you need to think about, is a question many ponder. We answer that question and explore more:
- Creative solutions for a financially prudent separation agreement
- Adjusting to lifestyle differences post divorce
- Managing debt with less
- Medical/health benefits
- Retirement plans for the divorced
- The home as a burden or asset
Find out how to protect yourself and develop a list of questions, as you work through your finances for a financially secure retirement.
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