Steve delves into the startling statistics revealing the impact of divorce on wealth and standard of living, particularly in what experts term “Gray divorce.” Through real-life scenarios like Sally’s unexpected divorce, Steve highlights the emotional turmoil and financial complexities that accompany such life-changing events.
From asset division dilemmas to the intricacies of retirement income planning post-divorce, Steve provides invaluable insights and practical strategies. He emphasizes the importance of seeking professional guidance to ensure fair asset allocation and long-term financial security during this challenging period.
Furthermore, Steve discusses essential considerations in retirement planning, including Social Security optimization, legacy planning, and tax-efficient strategies. He addresses common concerns such as retirement income sustainability and the potential impact of future tax scenarios.
Tune in with Steve Aul for “The Aul Financial Hour” every Saturday at 10 a.m. on KMOX News Radio 1120!