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Riss didn’t know how much she had in her retirement account, or what her soon-to-be ex-husband had either. She didn’t know where she would live. She knew she was financially capable of supporting herself, but not all of the details of her accounts and assets. For the most part, the saying “what’s yours is mine and what’s mine is yours” is true when it comes to assets accumulated in a marriage, including money in a 401(k) plan and individual retirement accounts. Gifts and inheritances don’t count toward marital assets, but everything else is usually fair game. Because divorce is naturally a highly emotional time, some people may not want to dive into what they own or what they’re owed, which could financially hurt them in the long run, said Riss, who co-authored “The Optimist’s Guide to Divorce: How to Get Through Your Breakup and Create a New Life You Love.” Divorce is common among all age groups, but lately, even baby boomers are divorcing at a soaring rate . “It’s a case of what EdmontonDivorceMediation you don’t know may hurt you,” Riss said. See: Divorcing after being married for decades?

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