Splitting retirement accounts pursuant to a divorce requires a separate agreement, a qualified domestic relations order (QDRO). This agreement may cover a 401(k), 403(b) or a pension plan, must meet specific requirements and must be presented to the retirement plan administrator. Although a QDRO is not needed to split IRA assets, the divorcing parties should […]
Once the divorce is finalized, you will have to complete additional tasks related to your finances. It could be as simple as signing up for health insurance under COBRA or changing the beneficiaries of your IRA. More complex tasks may include hiring an attorney to draft a new will, health care proxy and power of […]
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