CNBC: Divorce After 50 Can Be Pretty Hard

Posted October 19, 2014 by Shawn Weber
Categories: divorce, Finances

Tags: , , , , , ,

It seems that the grey divorce is on the rise. According to a post on CNBC.com, 1 in every 4 divorces is from a couple over 50. I find that amazing.

portrait of mature aged attractive senior womanDivorcing moments before retirement can be a dangerous proposition. I have seem many of my over-50 clients finding themselves in serious trouble. They often don’t realize that the community property portion of the retirement is cut in half in California. Nearly 100% of my clients lose money in the divorce. Dividing assets and no longer pooling resources can make for some serious budgetary heartburn. Younger couples can bounce back pretty well, but I often worry for the older couple. There just isn’t enough time to rebuild the nest egg. If one spouse stayed home to take care of kids and never reentered the workforce, there simply isn’t enough time to rebuild new job skills and earn sufficiently to save for retirement in such a short time. Support payers are often faced with the prospect of alimony payments for the rest of their lives.

This article on CNBC.com by Ilana Polyak does a good job of laying it out: http://www.cnbc.com/id/102083712

Let me know what you think? What thoughts or ideas do you have for older couples facing a divorce?

“Whitest Kids You Know” divorce skit

Posted October 15, 2014 by Shawn Weber
Categories: Uncategorized


Originally posted on Brave, Weber & Mack, APLC:

Here is a funny video about divorce from “The Whitest Kids You Know.” Perhaps we should all take a moment and consider the effects divorce can have on children…

www.BraveWeberMack.com

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WSJ: Surprisingly high number of people

Posted September 18, 2014 by Shawn Weber
Categories: Uncategorized


WSJ: Surprisingly high number of people who hide money from their spouse. What do you think? http://ow.ly/BFe7Q

ABC News: How women can keep from making

Posted September 13, 2014 by Shawn Weber
Categories: Uncategorized


ABC News: How women can keep from making themselves victims in divorce. http://ow.ly/BoJsW

Social Security and Divorce: Can you col

Posted September 12, 2014 by Shawn Weber
Categories: Uncategorized


Social Security and Divorce: Can you collect on your x’s benefits? http://ow.ly/BoIPs

Wealthy kids more effected by #divorce t

Posted September 11, 2014 by Shawn Weber
Categories: Uncategorized


Wealthy kids more effected by #divorce than poor kids study shows. Do you agree? Why do you think it is so? http://ow.ly/BoIom

RT @CA_Family_Law “Reducing the stress

Posted August 21, 2014 by Shawn Weber
Categories: Uncategorized


RT @CA_Family_Law “Reducing the stress of child custody during school year  http://ow.ly/AxPQz


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