Dealing with divorce after 50: How a split can affect your retirement plans

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OKLAHOMA CITY – Divorce can be unsettling at any age, but it can cause big problems later in life.

In many cases, a divorce can cause a jump in living expenses and a drop in income.

If your marriage deteriorates later in life, it can also spell disaster for your retirement savings.

However, TIME reports there are steps you should take to lessen the damage.

TIME reports that your first move should be to sell the house to cut down on your household spending.

Then, focus on income and take into account retirement plans, 401ks and Social Security.

Also, make sure you receive the assets you are due immediately.

Brad Bertrand with Bertrand Financial Solutions  stopped by our studios to discuss your options after divorce.

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