Don't Let Gray Divorce Ruin Your Finances: The Ultimate Survival Guide with Financial Expert, Jennifer Lee on The Divorce and Beyond Podcast #354

Did you know that over one-quarter of divorces in the United States today occur among couples over the age of 50? This is part of the ongoing phenomenon referred to as Gray Divorce.  Susan Guthrie welcomes Financial Expert Jennifer Lee for an enlightening episode on the financial pitfalls of divorcing later in life. Jennifer shares essential strategies to protect yourself and navigate this challenging transition.  Divorcing after building a lifetime together comes with unique challenges and opportunities. Today we'll delve into this trend – why it's happening and what it means for those going through it. Featured topics and Golden Nuggets: Some of the major financial hurdles of gray divorce, include asset division, healthcare coverage, and securing retirement savings Jennifer reveals the importance of the 10-year rule for Social Security Benefits and how it can impact your future Valuable insights into spousal support and alimony tailored for those navigating divorce later in life Jennifer introduces her innovative "Love Letter to Your Family" concept, a heartfelt way to communicate your wishes and plans. **************************************** About this week's special guests: Jennifer Lee Jennifer Lee is the founder of Modern-Wealth, a Sarasota-based financial advising firm helping individuals going through major life events successfully gain control of their finances. She has been in the financial services industry for 26 years; 44 years if you count tagging along with her father to his office. This might not be the norm, but she truly enjoys her work. For her, it’s fulfilling and fun. She enjoys engaging with people, whether they might be experiencing divorce or selling a business, in order to educate and strengthen their relationship with money. Throughout the years of working with clients, she has noticed the growing importance of communicating one's values to the most important people in their lives. This was the driving force for her to write her first book, “Squeeze the Juice: Live With Purpose, then Leave a Legacy.”Jennifer’s website: https://squeezethejuicebook.com/Jennifer’s book: https://squeezethejuicebook.com/book/ **************************************** THANK YOU TO OUR SPONSORS:  HEADSPACE Hello, Divorce & Beyond family! We've teamed up with Headspace to guide you towards better mental health. With Headspace's meditation, mindfulness tools, and mental health support, you're set for a happier, healthier you. Sign up through our exclusive link for free two weeks of Headspace membership. Don't miss out on this opportunity to embrace well-being. ========================= HELLO DIVORCE Hey listeners! Are you navigating the tough waters of divorce and feeling overwhelmed by the process? Let me introduce you to Hello Divorce, your ultimate ally in making this journey smoother and less stressful. Hello Divorce offers a modern, affordable approach to divorce, combining expert legal advice with easy-to-use online tools. Whether you need help with paperwork, mediation, or guidance, Hello Divorce has you covered. Their flat-fee services mean no hidden costs—just clear, upfront pricing. Visit HelloDivorce.com today to learn more and take the first step towards your fresh start. Remember, you don't have to do this alone. Hello Divorce is here to help. ********************************************************************* SPONSORSHIP OPPORTUNITIES ARE AVAILABLE!  https://divorcebeyond.com/Sponsorship-Info ******************************************************************* MEET OUR CREATOR AND HOST: SUSAN GUTHRIE®, ESQ., the creator and host of The Divorce and Beyond® Podcast, is nationally recognized as one of the top family law and divorce mediation attorneys in the country.  Susan is the Chair of the American Bar Association Section of Dispute Resolution and is a sought-after keynote speaker, business and practice consultant, coach and trainer. You can find out more about Susan and her services here:  http