The Minnesota Supreme Court recently issued a ruling in a case regarding pension rights in divorce and illustrates the importance of following court orders and proper procedures when dealing with pensions. During divorce proceedings, one spouse may be awarded pension rights as part of the property division process. In this particular case, the divorcing husband… Read More
Posts Tagged With: Divorce and Retirement
Protecting Your Finances After a Grey Divorce
In recent months we’ve talked about “grey divorce,” or the growing number of older adults choosing to end their marriages. Over the past twenty years, the divorce rate among baby boomers has doubled, with about one in four boomer marriages ending in divorce. Many couples of this age are deciding to part ways after their… Read More
Issues Facing Older Adults in Divorce: Part Two
Last week we introduced the concept of “grey divorce,” or divorce that happens later in life. We explored some of its roots, including the desire of older adults to move on with their lives after their children are grown and shifting societal attitudes surrounding divorce. While those circumstances may make it seem easier to couples… Read More
Issues Facing Older Adults in Divorce
The divorce process can be a daunting one. Between securing your finances, sorting out child custody and essentially starting your life over, you’ll have a lot on your plate as you navigate a divorce. These issues can be magnified for those going through divorce later in life. In recent years the number of older couples… Read More
Divorce Near Retirement: Financially Devastating?
According to a recent article in The Wall Street Journal, divorcing when you are close to retirement age can be financially devastating. Cutting one income down to two is always difficult, but a divorce later in life can mean a significant change in your retirement plans. Of course, while you and your spouse can separate… Read More
