Divorce: After Age 50, The Choices Become More Complex
A recent Smart Money article warns of financial mistakes made by those older than 50 years of age when they divorce. A divorce at age 50 or beyond is more complex, simply because there are usually more assets at stake and less time to recoup assets after divorce, making the division of marital property more complex.
The story highlights areas where people over or undervalue assets. For instance, retirement accounts are usually a high value asset at this point in most couple's lives, second in value only to their homes.
Don't Forget About the Taxes
What people often ...
