Nearing retirement and thinking about divorce? What to consider

Nearing retirement and thinking about divorce? What to considertorn divorce decree and cash, with wedding ring(Photo: Thinkstock)Half of the marriages in the U.S. do not, in fact, end in divorce.Research has debunked that common perception. Over the past couple of decades, the divorce rate has been heading down, with one exception. Those over age 50 have seen their divorce rate double since 1990, according to the National Center for Family & Marriage Research at Bowling Green State University.That age is a particularly inopportune time to split up because retirement has just started to feel within reach. Your assets are building up and you may be in your peak earning years. Divorce doesn’t doom that financial security, but it does threaten it.If you’re headed down that road after 50, here are some ways to preserve your finances as you untie the knot.

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