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June 2018 Archives

Divorce and retirement

64799483_S.jpgMinnesota residents who get a divorce should be aware that the process can have a negative impact on their finances. Individuals who have been divorced have a higher chance of depleting their assets during retirement than people who have not been divorced. According to a study conducted by the Center for Retirement Research, households that have not undergone a divorce have a net financial wealth 30 percent higher than similar households that have been through a divorce.

Why older people are ending their marriages

35562415_S (1).jpgA gray divorce is one that occurs when a person is 50 or older. The rate of gray divorce in St. Louis and throughout the country is increasing even as divorce rates among other age groups is stabilizing. However, there are many different reasons that could explain this phenomenon. First, the number of people who are 50 and older is larger now than it was in 1990, and that number is projected to grow in the future.

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Stange Law Firm, PC

Stange Law Firm, PC
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