Dividing retirement assets during a divorce can be complex. While couples typically divide their shared property, plans like 401(k)s and 403(b)s require a specialized court order known as a Qualified Domestic Relations Order (QDRO). This crucial document ensures a smooth and compliant division of these retirement funds.

The last few years have been tough on many families, and parents and retirees may feel compelled to help family members who have recently suffered economic hardship. Keep these considerations in mind before writing a check.

Losing a spouse can bring significant financial changes and uncertainties. Here are some essential financial planning considerations for widows and widowers.

Most people walk away from divorce with a combination of investments, debt, maintenance, and child support. Perhaps you’ve questioned how they work together to create a stream of income to support yourself and your children. Learn more about the three areas that are particularly important for newly divorced moms to address.

Going through a divorce can be an emotionally challenging and overwhelming experience. Though life doesn’t come with an owner’s manual, wouldn’t it be nice to have some guidance to help you learn what to expect during your divorce?

A divorce may be one of the most expensive events of your life, yet few people consider working with a financial advisor as part of the process. Having an advisor in your corner can help you avoid costly financial mistakes and return to a place of financial security once the divorce is finalized.

Overall, the rate of divorces in America is falling, but it’s increasing among couples age 50 and over. The divorce process has many moving parts, and you’ll want to consider working with a team of professionals.

The divorce process can be challenging. Once the divorce decree is final, the last thing you may want to do is more paperwork. That’s why so many divorcees lose sight of the critical step of updating their will.

Although planning for the death of a spouse is unpleasant, the possibility of losing considerable income because your spouse passes away can be just as unpleasant. Proactive planning can help ease some of that strain.

Divorce can be an emotionally challenging process, but the work doesn’t end with the final settlement. It’s essential to take steps to secure your financial future. By taking ownership of your finances, you can empower yourself and look forward to brighter times ahead.

Many women are anxious about their financial situation, with statistics showing they worry about immediate and long-term financial security, have lower retirement balances than men, and fear outliving their retirement savings. Despite these concerns, women are predicted to control more than $30 trillion in investable assets by 2030.

In a potentially high-stakes situation like divorce, sometimes it helps to work with a professional who has specialized knowledge of the divorce process. A Certified Divorce Financial Analyst®, or CDFA®, is a professional who helps individuals navigate the financial complexities of divorce.