Dividing Retirement Accounts in Virginia Divorce Divorce is complicated because it touches on so many different things. Of all the things that come immediately to mind – like child custody, spousal support, and the marital residence – retirement is one of the biggest and most important elements of your divorce. Men often like to say that their retirement is their own because they earned it. Sometimes, they even work really hard to spread misinformation – like that their spouse isn’t entitled … [Read more...]
Dividing Retirement in Divorce
There’s a common misconception that, without exception, after divorce each spouse will walk away with 50% of the retirement accounts. The reality is just a teensy bit more complicated than that. You should definitely know, ahead of time, what your marital share of the retirement accounts will look like. First, let’s take a look at the formula… Here’s what it looks like: Number of years employed during the marriage ________________________________________ x 50% = marital share Total number … [Read more...]
