2/21/2013

Divorcing after age 50 has significant financial implications that require the guidance of a financial adviser, experts say. Budgeting is a challenge in such a scenario, and early withdrawals from a retirement account or annuity may be penalized, leaving the account holder with insufficient retirement savings and few working years left to rebuild, experts warn. Dependent spouses also may lose health or disability insurance, which can be expensive to replace.

Related Summaries