How Divorce Affects Retirement Accounts and Pensions in Massachusetts
Understanding One of the Most Valuable Assets in a Divorce For many married couples, retirement savings represent one of the largest assets accumulated during the marriage. Whether those assets include a 401(k), pension, IRA, or other retirement plan, they often play a significant role in divorce negotiations. Because retirement accounts are designed to provide long-term […]
Dividing Qualified Retirement Plans in the Aftermath of Divorce
Splitting assets during a divorce can be an arduous task. To complicate things, the division of certain retirement savings accounts requires an extra step. DRO vs. QDRO Divorce proceedings often conclude with a domestic relations order (DRO) to lay out the division of retirement assets. However, assets from a qualified retirement plan, such as a […]