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Retirement Weekly: Five common financial mistakes women make during divorce

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At a time in one’s life that should be their “golden years,” women over 65 are 80% more likely than men to live at or below the poverty line (9% as compared to 5%). One reason for this: divorce.

A woman can expect an almost 30% decline in her standard of living following divorce, while men often see an increase of 10%. Take for example, a woman we’ll call Catherine, whose 20-year marriage recently ended. Catherine received half of a seven-figure estate, which included the family home. While this may sound advantageous from…