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January 2017 Archives

How to divide retirement assets in divorce

Divorcing when you are young is fraught with complications such as children's schedules, student loans and child support. While these decisions may be difficult to navigate, divorcing when you are older has its own challenges. Retirement accounts, social security and pension plans will all need to be divided, something that can be impossible to determine on your own. Forbes states that, with 25 percent of all divorces now occurring in couples who are over age 50, this issue is becoming more and more prominent. There are several things you need to know if you are nearing retirement and divorce at the same time.