Falling in love could save your retirement plan because you’ll have two incomes instead of one if you live with your love. There are other positives to this as well. You can’t make yourself fall in love but if you happen to here is another benefit to it. Money is always a concern in your old age and so is loneliness. Any way to figure both of these problems out is going to help many elderly people.
- Divorce among people over sixty is on the rise. This trend is called “gray divorce”
- Divorce can be costly for everyone involved. Assets are split and can change the tax laws of your assets.
- Spend some money on flowers and date night and avoid divorce. This will save a lot of money.
“Divorcing has obvious financial consequences for both spouses: assets are split in half, two households need to be maintained, social security, pension and other benefits are reduced – to name just a few.”