Littleton Parks, Recreation and Community Education
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Financial Challenges of a Grey Divorce (60+)

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Among those ages 65 and older, the divorce rate has roughly tripled since 1990. When there are no longer enough working years left to make up the loss, the breaking up of these marriages can have a profound impact on future financial stability. Today’s class will help you to look at the financial challenges of getting divorced after the age of 60:

• ensuring sufficient cash flow
• understanding social security and claiming strategies
• obtaining a mortgage or home equity line when no longer working
• using a reverse mortgage for cash flow or to “buy out” a spouse
• alternatives to life insurance for the uninsurable
• tax traps in required minimum distributions – RMD(ont)’s.

Divorce is difficult no matter how long you've been married or how old you are. But if you are divorcing after the age of 60, or a marriage of 30 years or more, the finances become a lot more complex.

* Adjustments and discounts will be applied during checkout if applicable. *

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