Intentional Divorce Insights
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...
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...
Divorce can be one of the most stressful changes in your life. It’s common for just one party in a marriage to be responsible for all the finances. Even if both parties are aware of the day-to-day finances, it’s even more common for only one party to handle all the investments.
The combination of learning about your investments for...
If you are recently divorced and not sure what to do with your ex's retirement account, you are not alone.
It is common for one partner to handle all of the retirement accounts in a marriage. In fact, I get calls all the time from individuals who are extremely frustrated. After they've been divorced for over a year, they still have not moved all...
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...
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...
