Posts filed under ‘Grey Divorce’
The Finances of the Grey Divorce
I’m Divorced, Now How Am I Going to Retire?
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.
http://www.divorcesourceradio.com/im-divorced-now-how-am-i-going-to-retire/
Grey divorce is on the rise — Huffington Post
Recent statistics show that the divorce rate has increased significantly amongst couples who have been in long term marriages of 20, 30 years or longer. Just look at Tipper and Al Gore, Kurt and Martha Schrader, Cameron Crowe and Nancy Wilson, Sumner Redstone and Phyllis Gloria Raphael, are some couples that spring to mind. People seem to be scratching their heads and asking, if these couples have made their marriage work this long, why couldn’t they last “till death do us part.
To read the full article in The Huffington Post, click on the link below:
http://www.huffingtonpost.com/deborah-moskovitch/post_2054_b_865942.html
Grey Divorce is on the Rise
Recent statistics show that the divorce rate has increased significantly by couples who have been in long term marriages of 20, 30 years or more. Just look at Maria Shriver and Arnold Schwarzenegger, or Tipper and Al Gore. People seem to be scratching their heads asking, if these couples have made their marriage work this long, why couldn’t they last “till death do us part”.
The result isn’t really all that shocking when you consider the reasons why couples marry have changed over the past 50 years, and that divorce has become more socially acceptable. What men and women are looking for in a spouse and their expectations of a long term relationship has changed. Women wanted someone to take care of them, men wanted to be in a position of power. Today, as more women become financially independent, looking to be taken care of is no longer what many are seeking. Rather, both women and men want an equal partnership in the relationship, and a best friend.
I was interviewed on Canada AM this morning discussing Grey Divorce. This is the information I shared.
- Research shows us that more woman are leaving the marriage than men.
- Often times when women choose to leave, their husband’s are blindsided by the decision.
- Further, research tells us that more women are leaving for their own emotional well-being, while men are more likely to leave for someone else.
- We are living longer, healthier, fitter lives. When adult children leave home, and their parents become empty nesters, you have many spouses in their 50’s and 60’s looking at their partner and say to themselves – “I don’t want to spend the next 20 or 30 years or more with you.” Why?
- People have decided to no longer look the other way when there are issues of infidelity, emotional abuse, and substance or alcohol abuse.
- Many couples have drifted apart during the child rearing years, and once the children have left home, find they no longer have anything in common.
- Often times, many of these couples were living parallel lives during the marriage, and now want a partner, not a roommate.
- There has been a lack of emotional and intimate relations.
- People have grown apart and their values no longer mesh.
- Many of these individuals want a best friend and companion with similar interests and values to live out the rest of their lives; grow old and hold hands.
If you feel your marriage, or relationship is deteriorating because you are no longer the priority, have lost that loving feeling and still love your partner – you’re just not in love with him or her, then perhaps marriage counseling might put you back on track.
If you feel that divorce is the only option, you are not alone. Many others are deciding that the” good enough marriage” is no longer good enough.
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