Runyon & Runyon
  • "This little note is to say thanks for all you have done for me. You worked so hard to prove that we told the truth. However it turns out, I know you did your best."
  • "Thank you and the Runyon team for everything that you all have done for my son. I truly appreciate it."
  • "Thank you Mrs. Browning for all of your help, and if you could pass my thanks on to Ray. Your team helped more than you know. If you ever need to reach me for anything further ill be here.Thank you again."
  • " I can’t put into words how grateful I am for all you have done for me. Thank you for listening and understanding what I was going through...”
  • " Thank you for taking care of everything for me in a professional manner. The staff is awesome also!”
  • " I wanted to thank you for your support. You are the best attorney in Clarksville. I could not have done it without you”
  • " Should I need legal service again you will be my only one to call. Thank you so much”
  • " Ray took time out of his busy schedule to fit us in at a time of crisis on several occasions”
Read More
Contact Us For An Appointment
toll free 800-568-1534
local 931-305-0061

Planning for retirement in the midst of a divorce

Many individuals age 50 and older are beginning to enter a new chapter in their lives. In many cases, children are grown and out of the home and questions related to retirement financing and planning loom in the not-so-distant future. In addition to these momentous and, in some cases, difficult life changes; research indicates that a growing number of U.S. men and women age 50 and older are also dealing with the many changes that accompany divorce.

Why are so many Americans choosing to divorce after years spent raising children and building and sharing their lives together? University researchers who conducted the 2013 study, The Gray Divorce Revolution: Rising Divorce Among Middle-aged and Older Adults, 1990-2010, cite a number of contributing factors.

For a large percentage of gray divorces, their most-recent split from a spouse is not their first. Statistics prove that individuals who remarry after a divorce are more likely to divorce again. This appears to be true for a significant percentage of gray divorcees. Additionally, the stigma that once surrounded divorce is largely gone as the U.S. divorce rate continues to hover around 50 percent.

Going through a divorce at any age can be difficult. For gray divorcees, the financial difficulties associated with a late-in-life split can be particularly challenging. In fact some economists contend retirement costs increase "as much as 40 to 50 percent or higher," for gray divorcees. With a relatively short period of time to recoup financial losses, financially-strapped gray divorcees often have few options but to work well past age 65.

For Clarksville area residents age 50 and older who plan to divorce, it's important to hire an attorney who has experience handling gray divorces. An attorney can provide advice and assist an individual in securing assets and income from retirement accounts, Social Security benefits, property and investments.

Source: Pittsburgh Post-Gazette, "Study: Divorce proves tough for couples 50 and over," Tim Grant, Oct. 24, 2014

No Comments

Leave a comment
Comment Information

We Have Answers

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy