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October 2017 Archives

Divorce can raise special pitfalls for women near retirement

In California and elsewhere, the plight of a woman who is getting a divorce is a riskier proposition generally than that faced by a male spouse. Statistically, women are living longer than men, and there are twice as many women over 50 who are divorced or getting a divorce today than 20 years ago. Women do not remarry as often as men and they generally make less than men. All these factors combine to make it necessary for divorced women to save a larger chunk of their income for retirement.

3 ways anger can make your divorce worse

Divorce can get ugly quickly if you are not careful. When emotions run high, it is easy to make mistakes leading up to and during your divorce. You are probably upset and angry that your marriage is ending and you may have trouble thinking clearly. However, it is advisable to keep your emotions in check to the extent you are able to do so. Allowing anger to control your actions can turn the divorce process into a battle.

Financial planning and divorce

Over the years, the majority of decisions that an individual and a couple makes can have a tremendous impact upon their long-term financial security. Thus, when a California couple decides to divorce, financial ramifications are almost a certainty. However, this impact does not necessarily have to be a negative one.

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