5 Steps to Take After a Late Life Split
Divorce is tough at any age, but when it comes later in life, there are a lot of implications it can have on your retirement plans. In this episode, I’ll be addressing what we call “gray divorce” and how you can navigate the financial issues that come along with this specific kind of split.
Listen in to hear about the most common issues that people divorcing later in life run into, as well as why it’s so important to re-evaluate your financial plan for retirement after going through a gray divorce. I will share how to start creating a new plan and lay out some key areas that need to be looked at, updated, and changed right after a split.
Listen To The Episode Here:
What You’ll Learn:
- What gray divorce is and the implications it has on retirement.
- The consequences of gray marriage and how to turn things in a positive direction.
- The importance of developing a new strategy post-divorce in order to hit your goals.
- Different areas of your finances that you need to update right after divorce.
- Who you want on your team and where to reach out for additional assistance in the post-divorce planning stage.
Ideas Worth Sharing:
- "With one out of four breakups happening later in life, divorce has become a growing obstacle in retirement for millions of Americans." - Regina McCann Hess
- "Don’t forget to review your beneficiaries—this is often overlooked in a divorce." - Regina McCann Hess
- "In addition to a lawyer, mediator, and tax professional, your financial professional can help you navigate a lot of decisions, as well." - Regina McCann Hess
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