There are many pitfalls to avoid when dividing retirement accounts. Do you know how much of the account you are entitled?
Do you take a lump sum or a percentage of the money? What is that pension really worth? What are the tax ramifications? Are there potential penalties for withdraws? What will it cost and who is going to pay for the transfer? Should you split before or after your divorce?
Retirement accounts being divided in a divorce can create many timely and costly problems for both parties. Don’t leave the nest egg to chance. Get professional advice from a Certified Divorce Financial Analyst®