Grey Divorce an Issue for Seniors

Baby Boomers are ending long-term marriages and finding the decision is a very costly one. Emotionally, women may be better off leaving unsatisfying marriages, but they may not be prepared for the change in lifestyle which comes with going from part of a couple to living as a divorced person later in life. The closer a person is to retirement age, the harder it will be to replace assets which will be divided in a divorce. The decision to end a marriage is never an easy one, but it must be considered even more carefully when a person is close to retirement age.

Source: http://business.financialpost.com/2012/09/19/grey-divorce-wreaks-financial-havoc-on-seniors/