Retirement

Divorce late in life causes unique financial complications

Divorce rates have flattened or dropped among most age groups. But for seniors they doubled between 1990 and 2014.

If you are embarking on a new single life at the age of 50 or older, there are special financial concerns, says Angie O'Leary, senior VP of wealth management at U.S. Bank. "We recommend very good planning."

Here are some of the common issues that come up, especially for women:

--The house. Divorce often brings up the question of whether to stay in the family home or sell it. "Sometimes women want to keep the house where the kids grew up, because (of an) emotional attachment," says O'Leary. They often trade it for cash in a divorce...

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