Divorcees who are forced to share pensions with former partners will have greater flexibility in their retirement saving because the amount of the pension share will count against the recipient'...
Once you’ve served 20 years and areeligible for retirement pay, that pay can be treated as property not income and divided during a divorce. Contrary to some beliefs, the USFSPA doesn’t mandate a specific percentage of your retirement pay to go to your spouse.It’s negotiable, allowing f...
As with most pensions or retirement assets in divorce, they should first be valued to determine if an offset is possible. Determining the value of a pension determines whether or not you, the plan participant, can keep the entire pension on their side of the marital asset ledger without ...
division of assets(e.g., property, investments, retirement funds) Additionally, some couples may find that they are not willing to even agree on whether or not to get a divorce. A contested divorce is the most complicated type of divorce. They can cost a significant amount of money, time,...
everyone, whether you’re a civilian or in the military. If you’re a military member, it’s important to understand how divorce will impact your pay. There are unique laws and factors in a military divorce that can affect how you split your assets, including your pay and retirement pay....
Retirement Accounts Birth certificates, marriage certificate, passport Open an “Armageddon Fund” BEFORE Divorcing a Narcissist: Stash That Cash! Do what you must to stash away some mad money. Start years before if you can. Open your secret account with a totally random bank, one neither of ...
One of the most complex aspects of divorce is the division of assets. This doesn’t just mean dividing the house and car but involves considering things like investment accounts, retirement funds, business ownerships, and other valuable assets. A wealth management expert can help you understand ...
awarding a flat dollar amount that will not change even if one spouse’s retirement rises significantly prior to retirement. A share of retirement funds can also be calculated based on final salary and service credits as of a specific date, which is usually the commencement of the divorce date...
The Basics – How to divide retirement accounts. The Basics: Retirement accounts come in all shapes and sizes such as an IRA, Keogh, 401(k), 403(b), 457, 409A, pensions, Profit sharing plans, Employee stock ownership plans and others. The IRS provides a detailed list of the types of...
Thoughtfully consider their finances, including their children’s education, their housing situation and their retirement funds. Protect their children from the details of their parent’s intimate lives. For some people, fidelity is the bottom line in a marriage. The fact of an affair means it’...