Question: I recently lost my job and filed motions to modify alimony and child support. My ex-wife’s divorce attorney sent me a notice to produce at the hearing a statement showing the value of my 401k. Why would her lawyer want to know the current value? Can she go after …
CONTINUE READINGretirement
Cashing Out My Pension: What Is My Ex-Wife Entitled To?
Question: My question is about cashing out a pension and whether my ex-wife is entitled to a portion of it. My former employer is offering me a one-time offer for a lump sum pension. My divorce decree awarded a portion of my pension to my ex-wife, but she understands my …
CONTINUE READINGCan The Court Order A Judgment Against My IRA?
Question: I pay alimony, but can no longer afford the payments due to a significant reduction in income. The only money I have access to is my IRA. I am filing for an alimony modification and am concerned about protecting my IRA. Can the court order a judgment against my …
CONTINUE READINGCan A Party Waive Their Right To Claim Property?
Question: Being retired military and receiving a military pension, is there any way that my wife could waive her claim on my retirement or any other property? Or is the state going to divide my property, namely my military pension, regardless?
CONTINUE READINGStructure Of IRA Property Division To Avoid Tax Liability
Question: My property division question is about how my IRA account will be divided. We have agreed to splitting the amount with my receiving 100% of the value of the IRA at the time of our marriage and then splitting the contributions and earnings of the IRA after our marriage …
CONTINUE READINGDo I Need A QDRO To Transfer Retirement Accounts To My Ex-Wife?
Question: My ex-wife and I divided our retirement accounts in a manner that was approved by the divorce court. Even though the final asset division accounted for two retirement accounts (one for each of us), my ex-wife was assigned her portion of the assets through only my IRA account. Do …
CONTINUE READINGDividing Retirement Accounts: Will The IRA Custodian Accept Our Division Formula?
Question: My ex-wife and I agreed to a certain formula to divide our retirement accounts and the court adopted our asset division formula in the divorce decree. We are currently dividing the retirement accounts and have agreed to the division amounts based on our understanding of the agreed upon formula. …
CONTINUE READINGHow To Divide The 457 Plan In A Divorce
Question: My wife and I both have separate 457 plans through different companies. Can I award her mine and she award me hers? We both need the money to move on with our lives post-divorce.
CONTINUE READINGMoney Made Easy: Maximizing Your 401(k) And Retirement Plan Earnings
Financial adviser Dan Danford, CFP®, CRSP®, MBA, spent 15 years advising employers how to invest their 401(k) and retirement plans. So Danford is uniquely qualified to answer this question from a Money Made Easy viewer about what to do when dissatisfied with your 401(k) funds: I want to shift my …
CONTINUE READINGHow Disability Benefits Affect Retirement Pay Division
Question: At the time of my divorce I was not disabled, but I now receive disability benefits and my retirement pay has thus been reduced. My ex-wife had a clause entered in the decree stating that I could not claim disability and reduce my retired pay. Must I pay her the …
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