March 2017 Archives

Getting divorced later in life? Follow these financial tips.

Divorce among couples aged 50 and over is becoming increasingly popular. According to the Pew Research Center, the divorce rate for these couples has increased 109 percent in the last 25 years. The reasons for these "gray divorces" are varied. For one thing, people are simply living longer. When empty nesters are confronted with the possibility of living another 30 to 40 more years with a spouse they no longer have much in common with, divorce may seem like a better option. Furthermore, there's no longer the same negative connotation assigned to divorce that there once was.

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