Upon entering the sacred bond of marriage, you may have spoken these words: “For better or for worse … till death do us part.”
But what happens when parting ways comes before death? Many later-in-life divorcees may worry their retirement stash could run dry.
Chris Cooper is a financial adviser for Serenity Wealth. He says he handles a lot of portfolios that involve a divorce “later” in life.
“It’s important to understand, hey, that’s what happened in the past,” Cooper said. “But now we have to think about what we can do going forward. There are options. There are solutions.”
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A report by Bowling Green State University’s National Center for Family and Marriage Research found that divorce rates for people age 45 and over rose between 1990 and 2021. For adults 65 and older, the rate tripled.
Stan Kostecki got …