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January 2020 Archives

Handling IRAs during divorce property division

In Virginia and across the country, the divorce rate is declining. However, there is one significant exception: Couples age 50 and up are actually more likely to divorce than they were in the past. This is important not only because it reflects changing social norms but also because of the financial effects of the end of a marriage. When people divorce later in life, they have fewer years to recover from the blow of property division. In many cases, retirement accounts are some of the largest assets held by the couple.

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