The Real Cost of Divorce After 50 (And How to Not Pay It)

Divorce is never easy. But divorce after 50? That's a completely different animal. We're talking about decades of accumulated assets, retirement accounts, Social Security decisions, healthcare coverage, and tax consequences that can follow you for the rest of your life — and one wrong move can cost you far more than just the marriage. In this episode, we're breaking down the real financial damage of what's called "Gray Divorce"; the mistakes I see people make in practice, and exactly what you need to do to protect yourself.   More specifically, I discuss: Gray Divorce Study – What Divorcees are saying about retirement and finances post-divorce The difference between divorce after 50 versus divorce in your 30s and 40s The differing realities of men vs. women post-divorce Mistakes during and after the divorce process regarding retirement savings Social Security and healthcare decisions post-divorce Making key financial decisions under pressure and common regrets   Key moments: (03:04) Uncertainty in Retirement Planning for Divorcees (06:38) Retirement Savings Mistakes (11:11) Financial Blind Spots and Costly Decisions in Divorce (14:27) Social Security Claiming Risks Post-Divorce (21:11) Health Insurance Decisions Post-Divorce (24:40) Seeking Professional Financial Guidance During & After Divorce   Resources From The Episode: Retired-ish Newsletter Sign-Up Get Show Notes Here