Dividing retirement accounts during a divorce can be confusing, especially because different types of accounts require different legal processes. Below is a quick comparison chart to help you understand the key differences between how these accounts are divided, what legal documents are required, and how the process affects taxes and penalties.
Breaking free from an abusive relationship is a complex and arduous journey.
Divorce often brings financial changes, and it can be helpful for kids to learn about managing money early. There are free tools and programs that teach kids financial responsibility, saving, and budgeting.
A QDRO protects your financial future by ensuring you receive your fair share of retirement benefits in a divorce. If your divorce involves retirement assets, ask your attorney or mediator about including a QDRO in your settlement to avoid financial pitfalls later.
When someone has just finalized their divorce, they may be feeling a mix of emotions. The key is to offer support without making assumptions or pushing them to feel a certain way. Here’s what you might say.
When navigating divorce, it’s normal to feel completely overwhelmed. Yet with these short but mighty self-talk reminders, you’ll be surprised how quickly you can calm your nervous system.
Divorce settlements often include spousal maintenance to help one spouse maintain financial stability after the marriage ends. Whether you are paying or receiving maintenance, you may have the right to request a modification based on significant changes in financial or personal circumstances.
Dividing child-related expenses is often one of the most confusing and emotionally charged aspects of divorce, but having clarity upfront will make a huge difference for you and your children.
Thinking about a modification of spousal maintenance? Before moving forward, it’s important to weigh the financial and practical benefits against the potential costs and risks.
Divorce can be a confusing and emotional experience for children. It’s important for kids to know that while divorce means their parents are no longer together, they are still loved and cared for just as much as before.
Disclaimer: Information found on Onward.Life, and in this article is for informational purposes only and should not be considered legal, financial, or tax advice. For guidance on your specific situation, please consult with a qualified attorney, financial advisor, or tax professional.