According to the National Center for Family & Marriage Research, the divorce rate among Americans over 50 has doubled since 1990. This is in spite of data that shows that divorce rates have dropped for younger Americans. Divorce later in life tends to have a major effect on one's ability to retire.
Those in New Jersey who are thinking about getting a divorce may want to do some financial planning. Doing so may help an individual come out of a marriage in relatively good financial shape. For instance, it may be a good idea for separating spouses to take a look at account balances or bank statements to get an idea of how much their joint assets may be worth.