Navigating Divorce in Retirement
Divorce during your retirement years can complicate your retirement plan. Retirement assets may need to be divided, and alimony could be granted after a long-term marriage ends.
Here’s how to cope with a gray divorce:
- Find out if your Social Security payments will change.
- Determine what retirement benefits you are entitled to.
- Consider whether you need to hire a lawyer.
- Be prepared for the possibility of alimony.
- Decide if you will keep the house.
- Be prepared to divide household goods.
- Communicate with your adult children.
- Don’t forget about pets.
- Focus on future happiness
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