When the Kids Leave for College: Financial Considerations for Empty Nesters
Tips to Approach This Life Transition with Financial Savvy and a Positive Outlook When your children grow up and ‘leave the nest,’ it marks a significant milestone in your life – and it can be very emotional, too. After years of nurturing your children, this period presents an excellent opportunity to turn that energy into a focus on nurturing your finances. As an empty nester, now is the perfect time to reassess and reevaluate your financial strategy to strengthen the financial future of your family. Below, we outline four key financial considerations for empty nesters. Read on to discover […]
The Financial Impact of Divorce After Age 50
‘Gray Divorce’ and Important Implications to Consider Facing a divorce after the age of 50, especially as you near retirement, can be especially fraught with financial implications you may not have considered. Even if you’ve been anticipating this significant life transition, often referred to as “gray divorce”, it may not have been a part of your retirement plan. While divorce at any age impacts just about every part of your life, the financial impact of divorce can be especially stressful at this stage. Understanding the many factors that must be thought of can be helpful as you move through […]
Understanding the Financial Impact of ‘Gray Divorce’
Critical Considerations for this Challenging Life Transition Whether you’ve been anticipating it for years, find yourself completely blindsided, or you’re somewhere in between, divorce impacts every aspect of your life. This includes your finances, which can cause a great deal of anxiety and stress. The financial impact of a relationship ending can be particularly impactful in cases of “gray divorce” – when two people aged 50 or over end a marriage – because retirement is near. And, though divorce may not have been in your retirement plans, understanding the multitude of financial considerations is helpful as you navigate this […]