Gray Divorce Isn’t Just Emotional, It’s Financially Risky

Gray Divorce Isn’t Just Emotional, It’s Financially Risky

Gray Divorce and Retirement: What the Allianz Study Means for Your Future

A new study by Allianz Life shows that one in three Americans aged 61-75 who have been divorced say it negatively affected their retirement security. And the trend of gray divorce (divorcing later in life) is only growing.
The study highlights a growing concern in family law and financial planning: the impact of divorce on retirement security. As more Americans over age 60 choose to end their marriages, the long-term consequences are becoming harder to ignore.
Keep reading for my four key findings from the study:

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Alternative Dispute Resolution Panel Discussion

On December 2, 2020, Yours Truly will be speaking on a panel, hosted by NAM and the Queens County Bar, called “ADR in Divorce: Fast-Tracking Resolutions.”

Join us and get complimentary continuing legal education credit.

Register here. With the Court process slowed down due to Covid-19 and budget cuts, one fast and easy way to resolving divorces can be found in Alternative Dispute Resolution methods like mediation and arbitration. I will be speaking along with a retired Judge and several other New York practitioners about the basics of divorce mediation and how it may help practitioners resolve cases more quickly during these troubled times.

Interview: Business Insider

Divorce court is normally quiet during the holiday season, but this year it’s booming as the pandemic drives couples apart.

Photo by cottonbro on Pexels.com
  • Divorce lawyers told Insider the nature of the pandemic has led to feelings of desperation and contempt and pushed couples to ignore previous holiday niceties.

I spoke with Business Insider about the continued high rates in divorce when in most years there is a holiday lull; but 2020 is giving no breaks as the rate continues to soar:

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New York Post: Divorce is Booming in 2020

The breakup biz is booming.

The longer the pandemic drags on, the higher the divorce rates climb. The New York Post picked up my interview:

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