Gray divorce can drag both parties into the red

Interesting article discussing the financial perils of “gray” divorce, particularly for the less financially-literate spouse.  The big lessons here, if you are contemplating divorce and there are significant retirement assets involved, are:

(1) hire a good divorce lawyer, who knows how to locate and negotiate the division of retirement and other financial assets; and

(2) get a good financial adviser to guide you so that you make the most of the retirement assets you get in your divorce.

If you need help in either respect, call us for a referral.