Older couples and women, in particular, are often put at a retirement disadvantage when faced with a divorce, a GAO report finds.
Estate planners and attorneys see a growing trend of ‘gray divorce’ affecting couples in their pre-retirement years, though the challenges of divorce impact workers of all ages.
Women's household income and assets, on average, fell by 41% with divorce.
The Center for Retirement Research finds that the net worth of non-divorced households is 30% higher than for divorced households.
Clients and advisers alike often also overlook the possibility of losing a spouse