Sunday, April 5, 2015

Divorce in Retirement Age: More Common Than You Think

Today’s kids and teens of broken households are growing up fully functional in a modern dysfunctional world, due to divorce rates. Marital problems are all too common in America. Issues that were once considered to be simply part of growing old together have become last straws in modern culture. That’s not saying there aren't classic, consistent, and legitimate reasons for divorce. No-fault divorce was created to save partners unnecessary reputation issues and burdens; but it has also changed the way American couples view boundaries and limitations in the most traditional parts of the classic American marital lifestyle. Instead of following our great-grandparents beliefs of fixing what’s broken, we tend to toss out valuable items to procure shinier replacements. This is often the modern outlook on divorce, an event which is taking the retirement age by storm. But just how common is golden age divorce and why is it occurring so late in life?

Why Is Retirement Aged Divorce an Issue in Michigan?

“Death Do Us Part” isn't all it’s cracked up to be anymore. This is due, in large part, to the influx of Baby Boomers in American society. Why do they pose such an impact on today’s culture? Because for the first time in history, seniors are the most prevalent age group in the nation. Over 10,000 baby boomers reach retirement age on a daily basis. As of 2015, there are almost 16 million baby boomers of 65 years or older, and half a million of those live in Michigan.

Baby Boomers are the first liberal-thinking retirement age generation thus far. They survived the summer of love, the hippie era and the cold war, and they balance traditional values with modern acceptance. Many Baby Boomers are married when they reach retirement age. And it is true that the longer you’re married, the less likely you are to divorce. However, many Boomers are on their second or third marriages by the time they reach retirement age, which in turn makes them high-risk candidates for divorce. Your Michigan divorce attorney, however, may also see his or her share of divorces of couples married 20 or more years.

What Are the Main Causes and Concerns of Baby Boomer Divorces?

Thanks to medical science, most of us are living to be active 85+ year olds. That gives a lot of post-retirement time to be in a loveless, passionless and sexless relationship. By the time kids leave the house, graduate from college, and have families of their own, many retirees realize they’re miserable in their current relationships. Empty nest syndrome, extended midlife or late-life crisis, or just the impending freedom of retirement itself can add to relationship negativity. Often the easiest and most effective way of correcting that is through divorce. Based on current rates of retirement-age divorces, the trend is only going to increase. But that can lead to extra problems if handled incorrectly.

Retirement plans are impacted by marital status. Pensions, Social Security benefits, and bank balances can be shared or split between partners to help ensure your golden years are financially secure. However, divorce can reduce your end of the benefits significantly since your spouse’s benefits are not guaranteed to be split 50/50.

To ensure you receive the maximum benefits you deserve, contact your Michigan divorce lawyer before prematurely pulling the plug.

Femminineo Attorneys
Michigan Divorce Help
110 S Main St #200
Mt Clemens, MI 48043
United States
(586) 954-9500
http://www.michigandivorcehelp.com/

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