Couples who have recently finalized their divorce and divided up assets are understandably eager to move on to the next phase of their lives. But closing the book too hastily on your previous relationship could result in some unintended financial consequences.
If you have recently parted ways with your spouse, here are five important steps you need to take to protect your assets and shore up your retirement plan.1. Make sure the retirement plans are divided according to the divorce agreement.
The IRS requires a QDRO (Qualified Domestic Relations Order) in order to divide money in a retirement plan between two parties. A QDRO is a court-ordered document that specifies how the assets will be…
Read the entire article by Marilyn Timbers on Forbes.com