30 Aug Is it worth getting a divorce in your 60s?

Q. So I read a recent story about gray divorces being more common. I’m 62 and I am not crazy about my spouse anymore. How can I decide financially if splitting at such a late age is worth it? We are both healthy, so it’s not like I’m waiting for a bad health event, if you get what I’m saying.
— Married for now

A. We’re sorry to hear you’re not so happy anymore.

There’s a lot to consider on the money side of things.

You should consider collaborating with a financial advisor to create a financial plan that models what your new financial situation will look like post-divorce, said Jody D’Agostini, a certified financial planner with The Falcon Financial Group in Morristown.

There are multiple factors that come into play, she said.

“There might be an alimony component depending upon your relative incomes,” she said, noting that you didn’t say if you both are actively employed, but the higher earning spouse would pay. If you still have minor children, there would be child support payments as well until the children become emancipated, she said.

“Marital assets and debts would be split as well with the starting point for each of you to receive half of the marital assets,” she said. “You would each retain your Social Security benefit once claimed. Pensions would be divided depending upon the marital portion of the pension.”

D’Agostini said she would use financial planning software to model your new living circumstances to see if you are still on track to retire when you want and how any other life goals might be affected, such as estate planning.

“The financial cost of divorce needs to be considered as well so that your resources are not dissipated during the process,” she said. “Good financial planning lets you see the potential financial impact and creates a plan to get back on track.”

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This story was originally published in August 2026. 

NJMoneyHelp.com presents certain general financial planning principles and advice, but should never be viewed as a substitute for obtaining advice from a personal professional advisor who understands your unique individual circumstances.