Intentional Divorce Insights

 
 
Considerations When Trying to Keep Your Pension in a Divorce

It may or may not come as a surprise to you that a pension is frequently the largest asset negotiated in a divorce. With that said, it's not a foregone conclusion that you'll have to give up a portion of your pension as part of your divorce settlement. I'm surprised by the number of cases I see in which the parties decide the pension owner will...

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What You Need to Know About a ROTH IRA in a Divorce

Divorce itself is an emotionally charged, troubling process. Add major financial decisions to the mix, and divorce can be a recipe for disaster. Litigants are forced to make life-altering financial decisions during a time of emotional turmoil. Anyone walking through a divorce knows this can feel like an impossible task. There is hope! You can...

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Clearing Up Misconceptions About Thrift Savings Plans & Divorce

Let's start with the basics. When it comes to retirement accounts, there is a wide array of options available - from the popular IRAs, ROTH IRAs, and 401(K)s, to numerous other lesser-known plans. With so many choices, it can be overwhelming for individuals who are not dealing with them on a daily basis. It's crucial to understand that not all...

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What Everyone Needs to Know About Divorce and Retirement Accounts

Valuing and dividing retirement accounts is more complex than most divorcing couples expect. Below are five common questions we receive regarding divorce and retirement accounts.

1. Does a retirement account only belong to the person whose name is on it?

Imagine that only one spouse worked for most of the marriage while the other cared for...

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How to Divide Assets in a Divorce: 7 Questions to Ask Yourself

Are you worried about splitting assets in a divorce?

Worrying over financial decisions is normal on an average day, but when going through a divorce, it can be paralyzing. Unfortunately, the fear around these issues is completely warranted. You only have one chance to get it right, and your divorce could quite possibly be the largest financial...

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Dividing Pensions in a Divorce: Shared vs. Separate Interest

Dividing pensions in a divorce can be confusing. For starters, some clients that I see are often confused (even after negotiating their divorce settlement) regarding what type of retirement account(s) they have. In this blog, I am referring specifically to defined benefit plans. Defined benefit plans are retirement plans where the employee...

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