By Rochester Attorneys, for Rochester People
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Getting a Gray Divorce? Here’s how to split your retirement
With the rate of divorces for those over the age of 50 doubling since the 1990s, there is a chance that you could also find yourself in the position where you’re ready to split from your spouse. If you’ve decided to split up, you will need to consider your future finances carefully.
Why are more older couples choosing to file for divorce?
While it used to be relatively rare for older couples to divorce, it has now become a common occurrence. In fact, research shows that older couples currently divorce at higher rates than younger couples in the United States. What factors have led to this surprising increase in divorce among retirement-age couples?