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Gray divorces: A costly impact late in life

As someone approaching retirement, the last thing you expected was to be navigating a divorce. Gray divorces, or divorces that take place among Baby Boomers or those married 40 years or longer, are devastating for some. Not only is the relationship ending, but the finances of the couple become a concern.

Alimony: A quick history lesson on why it exists

Spouses who are forced to pay alimony, and spouses who have the right to receive alimony tend to view the fairness of alimony in a very different light. This is natural. In a lot of marriages, the spouses don't part on good terms, and the last thing the so-called "moneyed" spouse wants to do is send a check to his or her ex on a monthly basis.

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