DadsDivorce Live: Understanding QDROs

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One of the more confusing aspects of the divorce process is figuring out how to sort out retirement accounts during the division of assets. A common end-of-divorce task is the drafting and implementation of a Qualified Domestic Relations Order – the legal document that instructs a retirement plan administrator on

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Is My 401(k) Divisible During Divorce?

retirement planning

Question: I was contributing to a 401(k) prior to marrying my wife. Now it looks like we’re heading towards divorce. Is my 401(k) divisible during divorce? I stopped contributing to before our marriage was official.

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How To Keep Divorce From Ruining Your Retirement

retirement planning

Rick Harkins and his wife, Michelle Cortes-Harkins, founded Harkins Wealth Management in 2008. Rick and Michelle began offering financial planning, but they soon began receiving an influx of referrals from divorce attorneys. Eventually, they have split into two different practices: One that covers the wealth management side of things, and

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DadsDivorce Live: The Rise Of Gray Divorce

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The overall divorce rate in the United States has been on a steady decline since the 1980s. However, the number of couples older than 50 deciding to terminate their marriage has exploded over the last 25 years. Since 1990, the divorce rate for Americans older than 50 has doubled and

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DadsDivorce LIVE: Massachusetts Alimony Reform Act

Massachusetts Alimony Reform Act

The Massachusetts Alimony Reform Act of 2011, which did away with permanent alimony in the state, was hailed as a national model when it passed. Recently, the Massachusetts Supreme Court issued three key decisions regarding the termination of alimony upon retirement or cohabition.

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The Basics Of Military Divorce

military divorce

Divorce is often a complicated, confusing, and scary process. That uncertainty can be magnified when one spouse is serving in the military. Military families going through divorce face a unique set of challenges. There are specific rules and laws regarding jurisdiction, child custody, calculating child and spousal support, division of

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Why The USFSPA Is Unfair To Retired Veterans

USFSPA

The Uniformed Services Former Spouses Protection Act was passed more than 30 years ago and has faced criticism by numerous veterans organizations ever since. The law routinely blindsides divorced servicemen and women who, after divorce, suddenly find huge portions of the retirement funds they’ve earned sent to their former spouse.

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