Planning Now ...For Later
Retirement accounts and pension plans may seem as something so remote, some women fail to plan for negotiations of such accounts during a divorce. However, planning for pensions and retirement accounts are critical and could make a large difference in your settlement. It always better to ask your attorney and financial advisor about 401k or IRA especially if they were purchased during the marriage. Also, always better to finalize your Qualified Domestic Relations Order (QDRO) before the divorce is finalized. For more information here is a great article. http://www.forbes.com/sites/jefflanders/2012/06/13/how-divorcing-women-should-handle-retirement-accounts-and-pension-plans/