Over 50 and Considering Divorce? How to Prepare Financially, Pre- and Post-Separation
by Lisa Brown, CFP®, CIMA®
Jun 09, 2021
3 minutes
Divorce is becoming more common among people 50 and older – so common, in fact, that it has its own name: “gray divorce.” There are often major changes to someone’s finances and lifestyle after the divorce, but the sooner you face your new financial reality, the better off you’ll be.
I once had a client who insisted her No. 1 goal after her divorce was never to be forced to sell her house and downsize. At the same time, she wouldn’t listen to
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