Don't Touch My Retirement Account!
Manage episode 447427822 series 3561100
Karen Covy, attorney and divorce coach, joins us to talk about retirement accounts in divorce, an incredibly important topic that often gets overlooked. Her experience comes from decades as a divorce attorney, and she now works as a mediator, divorce coach, and life strategist.
The ownership of retirement accounts is not solely determined by whose name is on the account. If the retirement funds were accumulated during the marriage, BOTH spouses have ownership rights in most situations. Karen talks with us about the complexities of dividing pensions and the importance of Qualified Domestic Relations Orders (QDROs) in the process.
Karen helps us easily understand the issues regarding retirement accounts, values, and dividing the accounts. And she gives insights on planning and preparing for divorce with the help of a divorce coach.
Karen’s free quiz to find out if you’re ready for divorce: https://karencovy.com/
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