The AFI GroupDiscover essential steps for a fulfilling and financially secure retirement. Learn how to maximize social security, protect against inflation, secure guaranteed income, and plan for long-term care, ensuring your wealth serves you and your family for generations.
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.
The AFI GroupThe time of year is here when budding college graduates go out into the world to make their career dreams and goals a reality. Yet despite their new degrees, they may not be ready to tackle their financial readiness. According to an ongoing study by the National Financial Educators Council, the average level of financial literacy in 19 – 24 year olds is 68%. As such, your college graduate’s ability to earn, save, and grow their money may not be as clear to him or her as you may hope.