Divorce at any stage of life is challenging, but when it happens later in life (often known as “gray divorce”), the stakes can be even higher. For couples who have spent decades together, shared assets, retirement plans and intricate financial entanglements can add...
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Gray Divorce
How to protect your retirement savings during gray divorce
Ending a long marriage near retirement age brings unique financial challenges. For many Broomfield seniors, splitting retirement savings feels like watching years of planning unravel. But with the right approach, you can safeguard your financial future despite this...
For this age group, the divorce rate has tripled
If you are under 45 years old, your divorce rate is probably going down. That’s what has been happening to most young age brackets over the last few decades. However, that doesn’t mean that it’s true for everyone. A study was carried out by the National Center for...
2 symptoms of empty nest syndrome
Raising a child is emotional on many levels for parents. Every day is a busy one until that child grows into an adult. Generally, parents enjoy this time but it’s a lot of hard work too. Nevertheless, the rollercoaster of emotions doesn’t stop once the child leaves...
The most common causes of gray divorce
Across most demographics, divorce rates have declined in recent years. However, gray divorce has bucked this trend. Gray divorce refers to couples aged 50 or over. There are several reasons why couples of this age may get divorced. Outlined below are some of the more...
Hope after the storm: healing from parental alienation
Parental alienation is not a new concept, yet in recent years, psychology has shed light on this phenomenon and courts now understand more about what it means in the context of divorce, child custody and how it works. What is parental alienation? Parental alienation...
What happens in second divorces if you already pay alimony?
In Colorado, factors such as marriage length and each spouse's financial resources help determine alimony amounts and duration. However, when people divorce for the second or third time, they may wonder about paying alimony to multiple people. After all, the existence...
How gray divorce affects standard of living for men, women
Gray divorce, or the dissolution of marriage among older adults, can have significant implications for the standard of living of both men and women. As couples near retirement age, divorce can disrupt long-standing financial arrangements. It can also alter retirement...
Divorce challenges for older adults and their families
Navigating a divorce is always complex, but when adults aged 50 or older decide to part ways, the challenges take on a unique dimension. The impact extends beyond the individuals involved, affecting their families as well. You can prepare for possible repercussions...
4 common reasons for gray divorce
Although divorce can occur at any stage of life, the prevalence of divorce after age 50 is increasing. Often called a gray divorce, the end of a marriage late in life brings new challenges and may have different motivators than divorce in early adulthood. There are a...