Splitting Individual Retirement Accounts during Divorce
Writer/submitter David Kane, CPA writes:
Individuals often get themselves into financial trouble by splitting retirement assets without the proper court order or by not using a QDRO (Qualified Domestic Relations Order)
The universe is in a constant state of flux. Nothing ever remains the same. In this respect we are a mirror of the universe. Look back on your life and see how it has been one change after another laced with constant uncertainty. Just when you think things have settled in they change again. I remember thinking how my life had dramatically altered when I married. Then boom! We moved, we had a child and my ex got a new job. Our heads were swimming. We sat down and realized that this was life: a succession of one change after the other with absolutely no guarantees on our future. We just had to roll with it.
The number one cause of divorce today is marital finances. Many couples wait to discuss finances until after they marry and then find they completely disagree about how to handle money. Avoid this trap by insisting that you discuss and understand how money will be handled before you marry.
There are several issues to consider when contemplating a bankruptcy filing as part of a divorce. Certain debts are dischargeable and others are not.
The ability to move on after your divorce entails the letting go of the past with its emotional baggage and negative emotions. If you can accomplish this feat then the heavy burdens you have been carrying will lift and you will experience the liberation of freedom: the ability to move unimpeded towards whatever goal you establish for yourself.
Learn what a financially intimate marriage is and how it can create intimacy and closeness in other areas of your relationship.
The author of "Don't Worry About A Thing, Dear" - Why Women Need Financial Intimacy offers sage advice to help women choose a lawyer.
What do you think of people who are detached from reality? People that are seemingly living in a world of their own making? Itís unnerving to say the least as well as truly sad. Yet for those of us attempting to recover from a divorce, our inability to fully accept our new reality is not too far removed from living in a fantasy world.
"Don't Worry About A Thing, Dear" is a softcover book, by author Helga Hayse, written for women who lack knowledge of their financial circumstances within their relationships.
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