"The Golden Bachelor Wedding: Lessons Learned and Conversations Sparked"

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Source: Forbes
"The Golden Bachelor Wedding: Lessons Learned and Conversations Sparked"
Photo: Forbes
TL;DR Summary

The marriage of 72-year-old widower Gerry Turner and 70-year-old widow Theresa Nist, who met on ABC's "The Golden Bachelor," has sparked conversations about gray divorce and its financial implications. Gray divorces, occurring after age 50, have been on the rise, particularly among the boomer generation, with one in four divorces involving individuals aged 65 or older. Financial issues take center stage in gray divorces, as older couples have less time to rebuild assets before retirement. Signing a prenup before marriage or a post-nup after marriage can help mitigate financial complications, and consulting with a knowledgeable divorce attorney is recommended due to the complex financial and tax implications involved.

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