Silver Divorce: How to simplify a painful process

November 1 2023

Ep2: Silver Divorce — Divorce Planner Brooke Benson shines a light on “Mortgages and Divorce” on Season 1: Episode 2 of Peter Neuwirth’s new show, Silver Divorce: How to Simplify a Painful Process

Silver Divorce: How to simplify a painful process
Silver Divorce: How to simplify a painful process
Ep2: Silver Divorce — Divorce Planner Brooke Benson shines a light on "Mortgages and Divorce" on Season 1: Episode 2 of Peter Neuwirth's new show, Silver Divorce: How to Simplify a Painful Process
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November 2023: A Note from Actuary and Author Peter Neuwirth, FSA, FCA — I invite you to tune in for this month’s episode of my podcast and video show, Silver Divorce, where for 30 minutes, we unpack ways you can simplify the painful process of getting divorced in your senior years.

Meet our guest: Divorce Planner and Mortgage Banker Brooke Benson, MA, CDLP

This month’s topic: Identifying and engaging the variety of financial experts you will need to work with in a Silver Divorce

Pete asks Brooke:

  • I had the privilege of being interviewed on your show on VoiceAmerica and am interested to learn that you are a champion of planning for divorce. Tell our audience how you developed your practice and why “divorce planning” is necessary.
  • Do you think couples should think about divorce even if they think it will never happen to them?
  • What is the first step a couple should take to get a Silver Divorce?
  • You have expressed that when a couple gets divorced, they will need various experts to help them. Which are the most essential experts to find, and how can clients best use their time and money to manage their divorce support team? And, perhaps most importantly, at what point do you think lawyers need to be involved?
  • As a Certified Divorce Lending Professional, what is your role in planning for a Silver Divorce?
  • Just as all marriages differ, I expect all divorces to be, too. But what do you see as the most common themes in divorces occurring at different life stages? For example, I am guessing that divorces among long-tenure marriages where there are no minor children, but one or both spouses are retired or close to it, are different than those where child custody is an issue and/or one or both parents are in the middle of a career.  Talk about how your approach might differ between couples at different stages of life.
  • Should the divorce planning process differ significantly from couple to couple, or do you think there is some general advice you would give to any couple willing to consider the possibility that their marriage may not last forever?
  • As an actuary, I know that divorce is a financial risk. One needs to be aware of when planning for retirement. We consider it a “spike expense,” an unexpected and significant expense that can seriously disrupt even the most well-thought-out retirement income strategy. Do you have any final comments on what couples can do in advance to minimize the financial damage a divorce can cause?

Click here to listen to Brooke’s interview with Pete!

About our guest: We’ve all seen wedding planning guides: the flowers! The cakes! The gowns! It’s easy to get swept away in the romance and glamour. By contrast, no one PLANS to get divorced… it’s bad manners even to suggest it! But 50-60% of marriages end here in the United States. Brooke Benson is a Certified Divorce Lending Specialist (CDLPTM) and founder of Plan for Divorce: Your Next Chapter. Drawing from her own experiences with divorce and stories from her lending clients, Brooke wrote a workbook to help anyone prepare for a personal breakup. Legally married or not. Part of a same- or opposite-sex couple. Anyone can use this no-nonsense, practical information to pave the way to the best outcome possible. In January 2023, she was offered the chance to host a radio show/podcast on VoiceAmerica’s Empowerment channel. Brooke interviews experts in many different fields to go deeper into the issues accompanying a divorce. She has divided the material into five basic areas: self-care, arrangements related to children, finances, additional concerns (these range from having an adult child with disabilities to domestic violence to possible deportation of an ex), and finally: how to get it done. Brooke teaches Continuing Legal Education (CLE) to family lawyers and speaks often to Realtors, wealth advisors, CPAs, and other business professionals about divorce. Learn more planfordivorce.org and brookebensonlender.com.

Click here to learn more about actuary and author Peter Neuwirth: www.PeterNeuwirth.com

Watch this episode on www.PeterNeuwirth.tv

A Note from the Silver Divorce Consulting Team: Divorce among couples where one or both spouses are over age 50 has increased dramatically in the last few years. The challenges that lawyers and financial advisors face when working with clients going through a “Silver Divorce” can be extremely daunting.

In fact, many professionals on whom the Courts rely simply don’t have the expertise or experience to effectively address the overwhelming complexities that often arise in such cases – particularly those around real estate, taxes, and Qualified Retirement Plans.

To fill this gap, we at Silver Divorce Consulting have a team of experts who can support Family Lawyers, CPAs, and Financial Advisors in their efforts to help their clients navigate through a silver divorce without experiencing the devastating financial consequences and/or extremely long timelines associated with so many divorces that involve older couples.

Click here to learn more.

Previous Episodes
Friday, March 1st, 2024

Ep5: Silver Divorce — Neuwirth Associates’ Barry Sacks and Peter Neuwirth assess the current state of Silver Divorce

March 2024: A Note from Actuary and Author Peter Neuwirth, FSA, FCA — I invite you to tune in for this month’s episode of my podcast and video show, Silver Divorce, where for 30 minutes, we unpack ways you can simplify the painful process of getting divorced in your senior years. Meet our guest: Barry Sacks, PhD, JD, Reverse Mortgage/Retirement Portfolio Longevity Expert and co-founder of Neuwirth Associates Consulting This month’s topic: The current state of affairs in Silver Divorce Click hereClick here to listen to the podcast!

Thursday, February 15th, 2024

Ep4: Silver Divorce — Meet Divorce Financial Expert Lili A. Vasileff, CFP®, author of “Money & Divorce,” our star on Season 1: Ep4 of Peter Neuwirth’s show, Silver Divorce: How to Simplify a Painful Process

Winter 2024: A Note from Actuary and Author Peter Neuwirth, FSA, FCA — I invite you to tune in for this month’s episode of my podcast and video show, Silver Divorce, where for 30 minutes, we unpack ways you can simplify the painful process of getting divorced in your senior years. Meet our guest: Divorce Financial Expert Lili A. Vasileff, CFP®, author of “Money & Divorce: The Essential Roadmap to Mastering Financial Decisions” This month’s topic: Creating your Silver Divorce Roadmap PeteClick here to listen to the podcast!

Friday, December 1st, 2023

Ep3: Silver Divorce — Forensic accountant James Schaefer specializes in complex divorces — check out his advice!

December 2023: A Note from Actuary and Author Peter Neuwirth, FSA, FCA — I invite you to tune in for this month’s episode of my podcast and video show, Silver Divorce, where for 30 minutes, we unpack ways you can simplify the painful process of getting divorced in your senior years. Meet our guest: Forensic Accountant James Schaefer This month’s topic: Accounting Matters in Silver Divorce Pete will ask Jim the following about the topics and videos he’s crafted for clients:  Click here to listen to the podcast!

Wednesday, November 1st, 2023

Ep2: Silver Divorce — Divorce Planner Brooke Benson shines a light on “Mortgages and Divorce” on Season 1: Episode 2 of Peter Neuwirth’s new show, Silver Divorce: How to Simplify a Painful Process

November 2023: A Note from Actuary and Author Peter Neuwirth, FSA, FCA — I invite you to tune in for this month’s episode of my podcast and video show, Silver Divorce, where for 30 minutes, we unpack ways you can simplify the painful process of getting divorced in your senior years. Meet our guest: Divorce Planner and Mortgage Banker Brooke Benson, MA, CDLP This month’s topic: Identifying and engaging the variety of financial experts you will need to work with in aClick here to listen to the podcast!

Sunday, September 17th, 2023

Ep1: Silver Divorce — Learn how to manage your money during divorce with Certified Divorce Financial Analyst, CFP® professional Marguerita Cheng today on Season 1: Episode 1 of Peter Neuwirth’s new show, Silver Divorce: How to Simplify a Painful Process

October 1, 2023: A Note from Actuary and Author Peter Neuwirth, FSA, FCA — I invite you to tune in for this month’s episode of my podcast and video show, Silver Divorce, where for 30 minutes, we unpack ways you can simplify the painful process of getting divorced in your senior years. Meet our guest: Marguerita Cheng, CFP® Pro This month’s topic: An Essential Conversation with a CFP Pro about Silver Divorce Pete and Marguerita discuss:  You are a Certified Divorce FinancialClick here to listen to the podcast!

Thursday, August 3rd, 2023

Introduction: Silver Divorce — Join Actuary Peter Neuwirth & Associates for a new show and learn how to simplify a painful process

September 2023: A Note from Peter Neuwirth — Silver Divorce Consulting and the lessons I have learned from a California wildfire Having my house burn down in a California wildfire taught me much about risk. In the last chapter of my second book, Money Mountaineering, I muse on the difference between financial forest fires and  “real” ones like the Glass Fire of September 2020, which destroyed my home in Santa Rosa just before I completed writing the book and submittedClick here to listen to the podcast!