Tips to Keep Your Finances in Order When Divorcing Later in Life

Divorcing later in life is becoming more normal for people who are 50 years or older. In fact, since the 1990s, this “silver divorce” rate has more than doubled. In 2015, for every 1,000 married people 50 and over, 10 divorced — an increase from 5 people in 1990. And when you account for people 65 years and older, that amount has tripled in the same timeframe.1 As a result, the need for proper financial strategies during this evolving stage is becoming more important than ever. As you navigate your finances during a silver divorce, here are three key items to address.