Divorce is tough at any stage in life, and discussing this topic generally makes people feel uneasy. However, not talking about the financial issues that come along with divorce—especially when you’re divorcing later in life and have to think about retirement—can create even more discomfort. So, in this episode, I will be sharing five steps to take to ensure your financial security after a later-in-life divorce.
Listen in as I describe how to create a brighter financial future for yourself as you step into this next phase of your life, as well as the benefit of educating yourself about finances if your partner was the one making decisions previously. You will learn how to calculate retirement expenses appropriately, why you should get your own insurance, and why you should file your taxes separately.
Listen To The Episode Here:
What You’ll Learn:
- Why we must talk about the financial implications that come with divorce.
- The importance of reevaluating your retirement expenses.
- How much divorce rates have climbed in the past two decades.
- The step to take for a brighter financial future.
- Why you should educate yourself about your personal finances.
- The benefit of making new investment decisions.
- Why you should get your own insurance.
- The importance of speaking to a financial advisor about your expenses through retirement.
- Why you should pay your taxes separately from your previous partner.
Ideas Worth Sharing:
“Divorce is an uncomfortable topic to discuss, period. However, not talking about divorce's financial implications can create far more discomfort.” - Regina McCann Hess
“Divorce has become a growing obstacle in retirement for millions of Americans.” - Regina McCann Hess
“Don’t forget to review your beneficiaries.” - Regina McCann Hess
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