The Retirement Mistake Many Divorcees Make

Experiencing a divorce in your 50s or 60s often means rethinking your financial strategy. Unlike those who divorce earlier in life, you may have fewer working years to rebuild your wealth. That makes how you manage and invest your remaining assets even more important. It's common to become more cautious with investing after a major life event. However, being too conservative can create its own risks. As a single person, many day-to-day living costs remain the same, but they're no longer shared. At the same time, your retirement savings may need to support you for another 30 to 40 years. A well-balanced investment strategy that includes long-term growth assets can help your money continue working for you throughout retirement. While growth investments can experience short-term volatility, they may play an important role in helping your savings keep pace with inflation and support your future income needs. The right investment approach should reflect your personal goals, risk tolerance, and the length of time your money needs to last. Always seek personalised financial advice based on your individual circumstances. General advice only. Amy Lehmann is an Authorised Representative (No. 1292710) of Consortium Private Wealth Pty Ltd (AFS Licence 495401).

Disclaimer || The information provided in this post is general in nature only and does not constitute personal financial advice. Amy Lehmann is an Authorised Representative(No. 1292710) of AFSL 495401.