Thursday, October 3, 2013

The Silver Divorce: 4 Mistakes That Can Affect Retirement

Silver couples are divorcing now more than ever. The divorce rate among 49- to 67-year-olds has grown more than 50 percent according to the latest statistics. And, unfortunately, many of these newly-single baby boomers lose much of their retirement in wake of divorce.

Retirement is an ongoing fear most couples have in divorce proceedings. Women fear being able to afford retirement in general while men fear it will be delayed. Retirement can be preserved when you make the right financial decisions with the help of a divorce mediator. When it comes to divorce, a mediator aims for mutual collaboration and can be far more productive in splitting assets so no one gets left out in the dust.

Read Nancy Fagan's article on four mistakes to avoid to preserve couples' retirement.

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