Grey divorce: what separation can cost you in retirement (ep423)

Divorce and separation can be challenging at any stage of life, but the financial impact can be even greater when retirement is on the horizon. In this episode, Glen James is joined by financial adviser and certified divorce coach Dominique Bergel-Grant to unpack the realities of "grey divorce" and what it means for your retirement plans. They touch on: 0:00 - what is 'grey divorce'? 5:24 - what certification/study is needed to become a divorce coach 9:45 - what it looks like to engage Dominique if considering divorce 16:30 - helping clients navigate conversations with their partner 23:54 - the first step for engaging Dominique 32:08 - how can parents protect the family wealth in the event of their child's relationship breakdown? 35:57 - what if my partner is part of a family trust? 39:48 - navigating different financial personalities in marriage 47:12 - navigating divorce & estate planning as a couple without kids 54:00 - Glen and Dominique's biggest advice for someone separating near retirement Learn more at https://www.navigateyourdivorce.com.au/ #RetireRight #RetirementPlanning #GreyDivorce #DivorceAfter50 #AustralianRetirement #RetirementAdvice #Superannuation #PersonalFinanceAustralia #RetirementIncome #FinancialPlanning If you’d like to chat with someone about your personal situation, reach out to our team so we can connect you with a professional: https://www.retireright.com.au/get-help Sign up to the Retire Right newsletter here: https://email.retireright.com.au/ 🏡 Join the retire right facebook group:   / retireright   This content is for education and entertainment purposes only and is intended for Australian residents. It is not a substitute for professional financial, tax or legal advice. Any advice provided is general financial advice only, which does not take into account your objectives, financial situation or needs.You should consider whether the advice is appropriate for your circumstances before acting on it. If you choose to buy a financial product, read the relevant product disclosure statement (PDS) and target market determination (TMD), and seek personal advice from a licensed adviser. We may discuss products, services or listener questions within our content for illustration and entertainment purposes. It is impossible to provide personal advice in this format, as we don’t know your individual financial situation. We may also change the names of questioners for privacy. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies. Guest opinions are theirs and their respective licence holders. SYMO Interactive Pty Ltd and Glen James are authorised representatives of MoneySherpa Pty Ltd, which holds Australian Financial Services Licence 451289. Please read our Financial Services Guide at moneypodcast.com.au. #personalfinance #money #investing #property #retire Intro Music: "80's Movie Marathon" by Luciano Music Co. Licensed via Shutterstock Music (royalty-free, commercial use permitted). Segment/Outro Music: "Photograph" by nomaBeats Licensed via Pixabay Music – royalty-free for commercial use. No copyright infringement intended. All music used under appropriate commercial licences.