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Can retirement benefits be divided at divorce?

Yet, even though retirement benefits can be divided at divorce, retirement plans are often overlooked at divorce because a divorce can occur years before retirement. And many divorce attorneys and family court judges are unfamiliar with how retirement plans work and the laws that govern retirement plans.

Do divorced women get retirement benefits?

A fair share of a former spouse’s retirement benefit can often be an important source of income in old age, but many women never end up receiving the retirement benefits awarded to them at divorce. Meanwhile, divorced women are at significantly greater risk for poverty in old age than men or married women.

What are the benefits of a retirement plan after a divorce?

It gives you the added protection and benefits above and beyond a divorce decree because it specifically addresses funds in a retirement account that must be separated and withdrawn without penalty and deposited into the other non-employee spouse’s retirement vehicle or other type of payout.

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