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April 2017 Archives

Getting divorced? Time to brush up on financial knowledge

Whether you are in a stable marriage or are looking at a possible divorce, the fact is life can throw you a curve ball in an instant and leave you on uncertain ground. This is especially true for the spouse who has stayed at home to care for the kids while the "bread-winner" handled all the financial matters, from weekly paycheck deposits to balancing the checkbook.

Why are more Baby Boomers divorcing?

Though divorce rates are decreasing for younger adults, a new study by the Pew Foundation tells us that so-called "gray divorce" is increasing. For adults 50 years of age and older, the divorce rate has nearly doubled in the past 25 years, according to Pew's research. Now, the rate of divorce for married people over 50 is 10 in 1000, which is double what it was in 1990, and among those 65 and older, the rate has tripled.

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