3 Ways to Avoid Money Mistakes During Divorce Divorce is complicated — emotionally, legally and financially. Many of the decisions you make during the process, especially financial decisions, can affect you for decades. And a simple mistake can hurt your ability to save for retirement, buy a new home or car, or move on with your life. Download Our Free Divorce…
Getting Divorced? Avoid Tax Pitfalls When Splitting Up Retirement Accounts On top of all the other stuff, getting divorced is also a major financial transaction that can have serious tax implications. This is especially true when it comes to splitting up tax-favored retirement accounts between you and your soon-to-be ex. You need to plan ahead…
Distribution of Marital Assets You Get What You Get: Distribution of Marital Assets in a Divorce In addition to the emotional weight and financial strain that can come with a divorce, spouses must also grapple with the distribution of marital assets. Marriage involves the joining of two lives, and just as it is difficult to…
Who Gets Retirement Accounts in a Divorce? Going through a divorce or legal separation can be expensive – emotionally and financially. One of the most contentious and difficult parts of ending a marriage can often be dividing you and your ex-partner’s assets. There is plenty of protocol for splitting your checking and savings account but…
8 Steps to Rebuild Your Financial Life After Divorce If you’ve gone through it, you don’t need me to tell you how financially devastating divorce can be. Many people lose half (or more) of everything they’ve saved over their lives. This includes their home, retirement, business and investments. If that isn’t bad enough, divorced people…
Does Divorce Derail Retirement? The short answer to this question is “yes” — divorce usually has a substantial impact on most couples’ retirement plans. Additionally, the longer you’ve been married, and the closer you are to retiring, the more your plans could seriously veer off course. Download Our Free Divorce Guide Obviously, most couples don’t…