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High asset divorce can hurt retirement plans of those over 50

These days, divorce rates for 50-plus individuals in Illinois and the rest of the nation are on the rise. Indeed, married individuals who are over the age of 50 have twice the chance of getting divorced than they did 24 years ago. By 2030, some estimate that approximately 800,000 divorces will occur annually in the United States for this segment of the population.

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