Retirement planning

Retirement planning can take on a unique and complex dimension when intertwined with divorce. When a marriage ends, the financial landscape changes significantly, including how retirement assets are divided. Proper retirement planning post-divorce involves a thorough assessment of retirement accounts, such as 401(k)s, IRAs, and pension plans, to determine their division in a fair and equitable manner as per legal agreements. This may require the creation of Qualified Domestic Relations Orders (QDROs) to facilitate the division of retirement assets. Additionally, individuals must revisit their retirement goals, adjusting their savings and investment strategies to align with their new financial circumstances. Post-divorce retirement planning necessitates careful consideration of the impact on one's retirement timeline and lifestyle, making it a critical aspect of financial planning during a divorce.