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Can You Lose Your 401k in a Divorce? | Fox Business

Divorce among Baby Boomers is growing and is having an impact on retirement savings, according to new research.The divorce rate for those ages 50 and older doubled between 1990 and 2010, according to a Bowling Green State University study. According to the results of a recent survey from the American Academy of Matrimonial Lawyer (AAML), the top three items most commonly fought over during divorce proceedings for this age group are alimony (83%), retirement accounts and pensions (62%) and business interests (60%).“As people live longer, their relationships can change in some very dramatic ways, but spouses within this age range also need to be extremely mindful about the complexities of negotiating key issues involving spousal support and retirement accounts,” said Joslin Davis, president of AAML.

Source: Can You Lose Your 401k in a Divorce? | Fox Business

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