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St. Charles gray divorce attorney

For couples divorcing after age 50, perhaps the most pressing concern is the impact the divorce will have on retirement. When you have spent most of your life planning and budgeting for retirement as a married couple, it may be overwhelming to consider how your plans will change now that you will be on your own. It is inevitable that divorce will have some impact on your retirement, but with some careful consideration and the assistance of an attorney, it is often possible to salvage many of your retirement goals.

Preparing for Retirement During Your Illinois Divorce

Making sure that you are still able to comfortably retire after your divorce often requires smart decision-making during the divorce process as well as a clear plan for after the divorce is finalized. Important strategies to consider include:

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Kane County divorce and retirement attorney

Divorcing after 50 is not the same as divorcing at an earlier age in many respects. Being so close to retirement age and having so many differences in your lifestyle, outlook, and finances relative to when you were younger makes a difference. Recovering from a divorce after 50 is more urgent and complex. Here are some practical ways to secure your financial future when going through a divorce later in life:

6 Ways to Improve Your Finances After a Gray Divorce

The decisions you make about your finances when you divorce after 50 can quite literally determine the rest of your lifeā€”from retirement to death. That is why you need to consider the following issues when divorcing after 50 to ensure your financial outlook is positive:

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