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May 20, 2023 10:00 am
Divorce among middle aged couples is increasing. In fact, there’s a new name for the trend: “grey divorce.” And according to the journal of sociology, after a grey divorce, women experienced a 45% drop in their standard of living, and men experienced a 21% reduction. Which is why Peter with Richon Planning and Erin Kennedy wanted to talk through some key issues you'll need to consider as you plan your new future, including:
-Revisit your estate plan
-Examine retirement and pension plans
-Determine how your Social Security benefits will be affected
-Consider health insurance and life insurance
-Consider hiring a Financial Advisor
Considering one quarter of people getting divorced is now over 50, walking through these topics with a professional is vitally important. If you'd like to speak with Peter about navigating your divorce and planning out your future, please feel free to give him a call at (919) 300-5886 or schedule a complimentary appointment at www.RichonPlanning.com
#GreyDivorce #wealthmanagement #retirement #socialsecurity