Divorce can be difficult, whether a couple decides to split shortly after marrying or decades later.

But when two people divorce later in life, it’s understandable to have concerns about what that decision means to one’s retirement years.

Grey divorces — marriage breakdowns in people 50 and older — have steadily increased, according to Statistics Canada.

And while a split certainly can have an effect on retirement, it doesn’t necessarily have to be a bad one — it might just not be the one you had been planning.

“What’s crucial when it comes to grey divorce is to have a goal and work backwards on what you want to achieve,” said lawyer Christopher Yu, partner at Shulman and Partners LLP.

“By changing your life plan, you can re-assess your goals and vision for life, retirement and what t

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