One out of four people that experience divorce in the United States is age 50 or older, and nearly one out of ten is age 65 or older. These later-in-life separations is commonly referred to as Gray Divorce, and with it often comes complex financial situations. By properly creating a thorough financial affidavit during the divorce process, you can significantly increase your confidence in your financial independence post separation. More specifically, I discuss: What is a financial affidavit? Who prepares a financial affidavit? What should you include in your financial affidavit to prepare you for negotiations? The role of an attorney and financial professional in the divorce process Common mistakes made when preparing a financial affidavit and how to address them Where to get help if needed   Resources: Access Show Notes and Sign Up for the Retired·ish Newsletter HERE Free Retirement Jump Start Analysis for Ages 50+ Ask Cameron A Question!   The key moments in this episode are: 00:00:00 - Gray Divorce and Financial Complexity  00:03:55 - Importance of Financial Affidavit  00:08:40 - Preparation and Consultation  00:11:50 - Long-Term Financial Impact  00:15:16 - Post-Divorce Financial Planning  00:18:12 - Considerations for Traditional IRA to Roth IRA Conversion  00:18:44 - Risks and Considerations in Bond Investments  00:19:17 - Tax Implications and Asset Allocation  00:19:35 - Importance of Tax Advisor and Diversification

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