Gray divorce
The rate of people divorcing after the age of 50, known as “gray divorce,” has doubled since 1990. By 2010, one in four divorces involved couples over the age of 50, according to Psychology Today. While that’s still lower than the rate of divorce among younger people, the economic stakes of a gray divorce are higher, usually involving the division of a mix of assets and income, including retirement accounts and a residence. An emerging solution involves reverse mortgages that can allow both former spouses to buy a new home of their choice without liquidating portfolio assets.
(More: Social Security and gray divorce)
