Gray Divorce: How a CDFA® Can Help You Plan for What Comes Next

Divorce later in life can bring a different set of concerns. When retirement is approaching—or has already begun—there may be less time to recover from financial mistakes or rebuild assets.

A gray divorce may involve questions about retirement accounts, pensions, Social Security, healthcare, the marital home, taxes, monthly expenses, and how each spouse will support themselves moving forward.

That is where a Certified Divorce Financial Analyst® (CDFA®) can help. A CDFA® looks beyond simply dividing assets. They can help you understand how different settlement options may affect your future income, cash flow, retirement plans, and overall financial picture.

For example, keeping the marital home may feel like the most comfortable choice, but it is important to understand the ongoing costs of maintaining it. Retirement assets may also have different tax considerations and long-term value. Two assets that appear equal today may not provide the same benefit years from now.

A CDFA® can help organize the numbers, explain your options in understandable terms, and work alongside you or aside you and your attorney so you can approach important decisions with greater clarity.

At Divorce Financial Consultants, LaShaun Shelby, MBA, CDFA®, CFP® helps individuals understand the financial details of divorce and prepare for the next chapter with confidence.

Facing divorce later in life? Make sure you understand what today’s decisions could mean for your future. Reach out today here.