Are you over the age of 50 and facing a divorce? According to new research, you’re not alone. The Pew Research Center recently found that divorce rates for people age 50 and older have doubled since 1990. Divorce rates among those over age 65 have tripled during that same period.1
There are a number of reasons why divorce rates are rising for those over age 50. Some couples may wait until their children are out of the house to separate. Some couples may have sharply different views on how they want to spend retirement.
It won’t happen to me. If that’s your thinking with regard to disability, you may want to reconsider. According to the Council for Disability Awareness, American workers on average think they have only a 2 percent chance of suffering a disability during their career. The truth is that the average worker has a 25 percent chance of missing work because of disability.1
Disability can be caused by many different health challenges. You could be involved in a serious accident. You might suffer an illness, like cancer or heart disease, that forces you to take time away from work. You may have chronic pain that increases in severity as you get older.
Principal of BAM Advisory Group