Close X

J. Benjamin Stevens is now part of Offit Kurman.

Read More

Looking for Jenny Stevens?

Please visit her website using the button below.

View Website


Unique Challenges of Grey Divorce

Posted by J. Benjamin Stevens | Jul 08, 2014 | 0 Comments

Divorce among those 50 and older, often called “grey divorces”, involve many unique challenges. For instance, recent research reveals that 80% of people who divorced at the age of 50 or older said they would delay their retirement because they need to work longer than planned, and 62% believe their post-divorce savings and investments will no longer be adequate to fund their retirement.

Those who divorce in their 30's and 40's will have more time to rebuild their financial portfolios, and older investors typically tend to avoid risk, which correlates to lower rates of return. For these reasons, it is even more important to thoroughly analyze your finances, budget appropriately, and consider involving a qualified financial advisor to help addresses these new financial realities.

Just as with all divorces, there is no “one size fits all” solution to the financial challenges, but solutions may include downsizing your residence, re-entering the workplace (or moving from part-time to full-time work), delaying retirement, or reevaluating your investment strategy. Of course, those who divorce at any age should also consider updating their wills and beneficiary designations.

Source: “‘Grey divorce' creates unique financial challenges” by Linda White, published in theToronto Sun.

About the Author

J. Benjamin Stevens

Senior Partner


There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Comments have been disabled.


Subscribe to our Newsletter!

second newsletter sign up

CLICK HERE to subscribe to our new monthly newsletter full of interesting news, stories, and advice to benefit you and your family.