In Gray Divorce, Two Financial Planning Yardsticks Are Key

Watching your budget helps you reduce unnecessary expenses, and keeping an eye on your net worth as it rebuilds can provide a psychological boost.

An older woman looks pensive as she sits on her sofa.
(Image credit: Getty Images)

Editor’s note: This is part two of an ongoing series throughout this year focused on helping older adults navigate the financial difficulties of gray divorce. The introduction to the series is Happy New Year: Let’s Get a Divorce, and part one is How Does a Gray Divorce Affect Social Security Benefits?

You’re going through a midlife divorce and you need to prepare a post-divorce budget? As if the divorce wasn't bad enough!

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Andrew Hatherley, CDFA®, CRPC®
Founder, Transcend Retirement, LLC & Wiser Divorce Solutions, LLC

Andrew Hatherley is the founder of Transcend Retirement, LLC and Wiser Divorce Solutions, LLC and the host of The Gray Divorce Podcast. After going through his own mid-life divorce, Andrew decided to help other people avoid the financial and emotional stress so common to the process. He earned the designation Certified Divorce Financial Analyst® and is trained in mediation and Collaborative Divorce. He is also a member of the Amicable Divorce Network.