Core Insights - The article discusses the considerations for an individual contemplating divorce at the age of 62, particularly focusing on financial planning and legal implications [3][4]. Financial Planning - The individual has $1.5 million in investments and no home ownership, which necessitates a detailed financial plan before proceeding with divorce [4][6]. - A recommended annual withdrawal rate from investments is 3%-4%, translating to $45,000 to $60,000 per year, or approximately $3,750 to $5,000 per month before tax [6]. Legal Considerations - The length of the marriage and the state of residence (community-property vs. equitable-distribution) will significantly impact the division of assets [5]. - In community-property states, marital assets are owned equally, meaning a spouse could be entitled to half of the other’s earnings during the marriage [5]. Health Insurance - Health insurance is a critical factor, especially since the individual does not qualify for Medicare until age 65. Divorce may trigger special enrollment opportunities for health insurance [7]. - Options for health insurance post-divorce include COBRA, ACA Marketplace, or Medicaid, with potential costs exceeding $500 per month for ACA [7].