'Grey divorce' rates are rising — and it can be a financial minefield. Here's what to know if you're splitting later in life

AI Briefing

• – As divorce rates increase among couples over 50, experts warn that post-divorce financial planning is crucial to avoid a financial minefield.
• – Late-in-life divorces can be a major financial challenge, with couples facing reduced retirement income, changed health care options, and increased living expenses.
• – To navigate this complex situation, couples should prioritize communication, create a budget, and consider seeking professional advice to ensure a smoother transition and a more secure financial future.