Gray Divorce: Amicable Terms for Your Finances

How does divorce after a lengthy marriage impact your investment strategies and long-term planning? Having a plan in place throughout the process is key to keeping your finances on track when your marriage ends.

(Image credit: (C) 2019 Willie B. Thomas ((C) 2019 Willie B. Thomas (Photographer) - [None])

You and your spouse have made the decision to get a divorce after a lengthy marriage. Whatever your age, divorce can cause a great deal of emotional and financial upheaval. But a “gray divorce” may present a unique set of financial challenges compared with those of your younger counterparts. You have likely accumulated more assets — and, likely, more complicated assets — to divide and have less time to recover financially before retirement. In fact, you or your spouse may have even retired already.

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Michael S. Farrell
Managing Director, SEI Private Wealth Management

Michael S. Farrell is Managing Director for SEI Private Wealth Management, a business unit of SEI that provides private wealth management solutions, serving high-net-worth individuals and families.