How does a grey divorce affect my retirement savings?

A grey divorce typically reduces retirement savings by 40-50% and requires careful financial restructuring A divorce later in life (also called a grey divorce ) can dramatically impact your retirement financial planning. When couples separate after age 50, their accumulated retirement assets must be divided, which often includes: Pension benefits and retirement accounts that may need to be split through a pension division order Investment portfolios and RRSPs that must be fairly distributed CPP credits earned during the marriage that can be divided between spouses Shared real estate equity that may need to be liquidated or refinanced To protect your financial future, consider working with a Certified Divorce Financial Analyst (CDFA) who can help develop a post-divorce retirement strategy and ensure you understand your pension and benefit entitlements under Canadian law.

Grey Divorce: 40-50% Retirement Savings Loss & Planning

A grey divorce typically reduces retirement savings by 40-50% and requires careful financial restructuring

A divorce later in life (also called a grey divorce) can dramatically impact your retirement financial planning. When couples separate after age 50, their accumulated retirement assets must be divided, which often includes:

Pension benefits and retirement accounts that may need to be split through a pension division order
Investment portfolios and RRSPs that must be fairly distributed
CPP credits earned during the marriage that can be divided between spouses
Shared real estate equity that may need to be liquidated or refinanced

To protect your financial future, consider working with a Certified Divorce Financial Analyst (CDFA) who can help develop a post-divorce retirement strategy and ensure you understand your pension and benefit entitlements under Canadian law.