Mike Milligan explains how divorce after 50 threatens retirement security, with 56% of married Americans worried it would derail their plans. He covers asset-protection strategies like prenups and trusts that financial advisors should use to help clients preserve their retirement outcomes.
So let's be, let's be real. Dividing a shared retirement plan late in the game is no walk in the park. It can derail retirement strategy fast. 56% of married Americans say divorce would derail their financial retirement plan, with boomers particularly vulnerable. When assets split, your golden years can feel more like empty pocket syndrome than golden. Mm-hmm.
Absolutely. So, what asset protection tools and strategies like prenups or trusts or tailored wills, what should you use to help advisors help your clients?
Well, if there's inequality in the marriage when it comes to financial assets, you know, having a prenup in place that provides some protection and some performance incentives, by the way, right? Like, for instance, when you get married, after being divorced, you hope it lasts the rest of your life. Sure. But the reality is, is it may not.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
