One of the more complex parts of a divorce is the division of retirement accounts. Whether it's a military pension, IRA, or an employer-sponsored plan, the first steps are to list and confirm those accounts, determine when the accounts were opened, whose name they are...
Divorce is a complex process. It's especially complex when dividing retirement plans. One essential element is the use of a Qualified Domestic Relations Order or QDRO. Let's delve into what a QDRO is, its significance in a divorce, and why it's an important part of...
If you or someone you know is contemplating divorce, one of the most common questions to be answered is “What’s this going to mean for my retirement funds, my pension, and my future lifestyle?”. To best answer this, start with having a clear understanding of your...
Many times… that’s a definite YES! Let’s say you find yourself in the final stretch of your divorce and you can see hope at the end of the tunnel. Perhaps you’ve reached a proposed settlement agreement with your spouse, then your Attorney or Mediator brings up, “In order to split this retirement account, you need a QDRO done and there will be a cost for that.” You may want to just scream out, “Wait, what? Are you kidding? What the heck is a QDRO?”
After an emotional roller coaster, you have FINALLY received that 8 ½ by 11 manila envelope containing your Final Judgement/Divorce Decree, signed by the judge. You are officially a single person once again. You may celebrate or you may mourn, BUT … it’s time to...
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Identify Your Priorities, Before Having Any Discussion With Your Spouse
Knowing your priorities will help you be confident in what to ask for, and what you can live without.
