Going through a divorce is tough at any age, but it can be particularly challenging when you separate over age 55, when your emotional and financial lives may have been intertwined for decades. In this episode, Pam, Richard and Terry discuss the three most expensive financial mistakes people going through a divorce often make. They also offer tips for reducing legal costs, outline the steps spouses need to take to understand the joint assets they’re entitled to and the debts they may be responsible for, and discuss ways to get through the rigors of divorce and emerge with a positive outlook and a strong sense of financial independence.
Not everyone looks at their personal financial future through rose colored glasses. In fact a recent Gallup poll shows Americans not yet retired are more worried than anytime in the past ten years. Discouraged savers who see the glass-half-empty may actually need different financial strategies just based on their outlook. We give you solid financial planning tips that can make your outlook.
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