How Does a Gray Divorce Affect Your Retirement?

Woman sitting on beach looking at mountain view.Going through a divorce is an emotional and financial rollercoaster, but when you divorce past your 50’s, commonly called a gray divorce, the economic fallout can be much more complicated.

A gray divorce can be tricky, as they often come with a complicated financial landscape – filled with investments, lots of debt, various income streams and most often retirement funds.

The collaborative divorce process works well for gray divorces because they utilize neutral financial mediators and communication coaches, both of which can help untangle complex financial landscapes.

Here are retirement points to consider when you find yourself going through a gray divorce:

  • Make sure to understand the value of your retirement, including any taxes that may be levied
  • Understand the net value of your accounts, after taxes – the amount may surprise both of you
  • Factor in how your monthly expenses will be impacted once the agreement is finalized – this will help both of you see what your post-divorce income level will be
  • Discuss debt – make sure to get a complete analysis from your neutral financial mediator on what debt you both share and how it will be divided
  • Utilizing the collaborative divorce process is a cost-effective way to part amicably and keep more of your assets

When dealing with a gray divorce agreement, it is vital to have various experts weigh in to ensure the entire financial picture is reviewed in the present, and what it will look like in the future.

When you utilize the experts in the Los Angeles Collaborative Family Law Association, you can let down your anxiety and stress because you will know that when your divorce is finalized, both you and your spouse will be ready to face the future.

Call us today to learn more about how our members at the Los Angeles Collaborative Family Law Association can help you and your spouse divide your retirement funds.

Note: This information is general in nature and should not be construed as legal/financial/tax/or medical advice. You should work with your attorney, financial, medical or tax professional to determine what will work best for your situation.

Los Angeles Collaborative Family Law Association                                     



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