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Baby Boomer Divorces on Rise

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    Divorce Attorney Sharon Liko on divorce's financial impact on older adults.

  • Duration 3:05
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The divorce rate among our nation's baby boomers is escalating to new heights and it's only expected to get worse.

The number of great abortion as -- -- doubled over the past decade with one in -- being among couples over the age of fifty.

Divorce attorney Sharon like go joins me now with the consequences this have on retirement Sharon thanks for coming on tonight.

I don't tell yeah I think divorce is typically at almost every age but it's certainly -- fifth -- It's it's a financial disaster.

It's -- a financial disaster.

Divorce is loss.

You don't come -- -- you can't expect to come up whole.

What you want to do is come out with as much as you can and as seamlessly as possible but -- Harding that these -- divorces are typically so contentious.

Everybody's arguing over everything people are hoarding money for goodness sakes.

How do you make it as smooth as possible.

Well you decide who you're gonna pay if you'd like to pay the lawyers -- you're welcome to it because I -- -- all kinds of battles you can create all kinds of conflict.

An Indiana it's not you know advance the ball.

The old you know I don't wanna -- lawyer but some people would I'd rather pay my lawyer than pay her well -- and -- that's really stupid.

But I'll tell I -- I think older people handle divorce -- He can't aren't -- right there Margaret sure our kids may be added and that's what -- they -- hit land for a time.

And then off.

Realize that light isn't what some what they've planned.

And -- comes to what except that so I think it's easier to.

Deal with the punches where somebody was in their twenties or thirties they can't believe that their life is falling apart.

So tell me and tell me.

What is the most surprising the single most surprising thing for boomers who go into divorce I mean they've seen it -- it had friends have gotten divorced probably.

They've been around but once -- experience it yourself -- would they get the whole other kettle of fish.

It locks.

It possible lifestyle it's lots of a dream -- loss of -- station in life.

I think the women.

Who are not working are the ones that suffer the most men can recover.

But if but what is then stay at home for 2030 years she's not gonna be expected to go out and get a job at age sixty.

And support herself and she's been living.

With her husband makes you know a couple 100000 dollars a year still get some maintenance alimony.

And -- get part of his retirement.

But should not have the skills to go out and rebuilt he will.

Well yeah I you are not good advice for this -- single best advice for people that age category what is it.

Get real.

Who get a lawyer and get counseling.

How well -- I'll tell you what I told my husband we've been married a long time and I said nobody gets out alive.

Can I get away remained at fair share and thank you so much.

Think you.

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