According to the Statistic Brain Research Center, the average savings of a 50 year old is $42,797; 38% of Americans don’t save anything for retirement; and 36% of Americans over 65 rely entirely on Social Security for their income. These are not good numbers.
Walter White had a great retirement plan — well, except for how he accumulated the funds. The vast majority of Americans, however, are woefully unprepared for retirement. Add the financial effects of going through a divorce, and many of us are looking at working longer, living on less, or both.
A Divorce Over 50 quite often means dealing with much more complicated financial issues than those faced by younger couples. Many people in our demographic have built up retirement plans, acquired real estate, maybe even own a business. Here’s a very thorough article highlighting the different financial factors most Over 50’s need to consider when going through a divorce.