This is the reality: Baby Boomers are getting unhitched at a somewhat alarming rate.
Divorce can be devastating at almost any stage in life, but it can be downright disastrous to those preparing for or already in retirement.
One of the results, though, is that many are remarrying later in life. And the complications that come with second and third marriages — ex-spouses, stepchildren and retirement savings — warrant special attention.
“The divorce rate on second marriages is over 60%,” says Manhattan attorney Ann-Margaret Carrozza. “All marriages will end, whether it ends at death or divorce, but there are peculiar and particular property issues because one or both probably has adult children from a prior marriage.”
The divorce rate among adults 50 and older doubled between 1990 and 2010, says the national Center for Family & Marriage Research. And the reasons, according to a new report by Securian Financial Group, are the same as divorces…
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