Tag Archives: retirement and divorce

401(k) Considerations During Divorce

Aside from a house, most people’s 401(k) retirement plan is the most significant asset they own. What happens to the 401(k) during the divorce process? Who gets the 401(k)? 401(k) are owned individually, not jointly. Your spouse can be named as a beneficiary, but you are the sole owner—and the same goes for their retirement… Read More »

The Benefits of Mediation After a Short-Term Marriage

The idea of a “short-term marriage” might differ based on your perspective, but in general, you can assume it’s a marriage that’s lasted a few years or less. The length of your marriage could affect the outcome of your divorce in several ways: The amount of alimony/spousal support you pay or receive could hinge on… Read More »

Your Divorce Could Seriously Harm Your Retirement Plans

Once a marriage ends in divorce, the spouses’ legal relationship ends but the financial effect can follow them years or even decades. Retirement assets accumulated throughout the marriage are considered to be part of the marital estate and so are subject to equitable distribution. Failure to handle these assets correctly could threaten your ability to… Read More »

Can Divorce Force You to Put Off Retirement?

If you are over 50 and considering divorce, you need to know how a divorce could affect your retirement. That’s why it’s so important to work with an attorney who understands how to avoid common pitfalls. Studies have shown that divorced persons tend to have less money saved for retirement than married persons, and that… Read More »