Divorce After 60

I ask myself this question often: how did I remain good friends with not one, but two ex-husbands? First, let me say that I am eternally grateful for that. There is no magic answer, but rather an ironic one; I chose two good men. If tomorrow…

Although many think that after 20, 25 or even 35 years of marriage it will surely last “til death do us part,” more and more baby boomers are divorcing late in life. Divorcing after age 50, which is being called “gray divorce” is the fast growing…

To divide a 401(k) plan or pension in divorce, a court order is required. In the private sector, this document is called a Qualified Domestic Relations Order, or “QDRO,” and I will use that term generically in this article. However, federal plans…

Over the past few years, gray divorce has been increasing. Since 1990, the rate of people over the age of 50 getting a divorce has doubled. What exactly is a gray divorce? Most of the time, the term “gray divorce” refers to couples…

Overall, the American Psychological Association estimates about 20-40% of divorces are due to infidelity. The breach of trust and the dissolution of a once-committed relationship can leave lasting wounds. Nevertheless, it is possible…

Pensions are sort of a thing of the past, having been replaced by 401(k) plans (where employees have as much responsibility to save for their retirement as the employer), but they do still exist for government employees and the military…

It’s no secret that the process of separating from a partner and starting a new life alone can be daunting, overwhelming, and scary. The fear of the unknown can create an endless list of worries, doubts, and concerns that can make it difficult…

When older couples divorce, usually one spouse wants to keep the marital home. Sometimes, the house is paid for, but often there is a mortgage. Although I find that many women find security in their home and want to keep it, to other women the house…

Divorce can be a traumatic experience for both parties involved. Not only does it entail the end of a relationship, but it also requires dividing assets and agreeing on living arrangements, among other things. Unfortunately, some spouses…

Keeping the marital home can be one of the biggest financial mistakes made in divorce. Many times, the reasons are emotional, and the costs, both financial and timewise, aren’t given enough consideration. There are both good reasons to keep…