Episode 21: The risk of financial difficulty in a 'gray divorce' are higher than when couples split up earlier in life; with nearly 25 percent of all divorces happening at age 50 and above -- and roughly 10 percent of the 700,000 annual divorce cases in the United States involving couples who are 65 and older -- a growing number of people nearing retirement are having to unravel long-term finances, and struggling to make the transition judiciously and fairly. Tracy talks about the difficulties inherent in breaking up at older ages -- which include potentially being closer to financial insecurity with little time to recover -- and about how settlement scenarios for older couples often are different than in younger break-ups, with an eye toward ensuring that assets provide maximum financial security for everyone.
