What Happens to Pensions in a Divorce?
One common question people have when going through divorce, especially at an advanced age: is my spouse entitled to any of my pension? Typically, pension money earned by one spouse during the marriage is classified as a marital asset, just as retirement accounts like IRAs and 401(k)s are. Any money earned prior to the marriage… Read More »
How Are Retirement Assets Treated in a Divorce?
For many marriages, retirement accounts are the largest assets to be dealt with in a divorce. Knowing how to treat different types of retirement assets is key to protecting your financial future and avoiding unintended consequences down the road. A qualified domestic relations order (QDRO), helps divide a couple’s retirement assets during a divorce. Once… Read More »