Below you'll find a list of all posts that have been tagged as “Retirement”
Are you above the age of 50 and considering a divorce? You are not alone. Divorce over the age of 50, also known as “Gray Divorce” has significantly increased over the past several years. It is important to know how to plan for a gray divorce in Louisville in order to protect what is important in your present and future …
Is Kentucky TRS retirement for teachers marital property in a Louisville or Jefferson County divorce? How will a Kentucky TRS teacher’s retirement account be handled in your divorce? We are often asked about the disposition of a teacher’s retirement account at Kentucky TRS. The Kentucky Teacher’s Retirement System was established in 1938 to provide disability, retirement and survivor benefits for …
What steps can you take to minimize financial risks during your divorce? What do you need to know about financial aspects of your divorce and the basis for making sound decisions? Some Kentucky couples going through a divorce might be familiar with the process because of prior marriages. However, most of those contemplating or going through a divorce are unfamiliar …
Gray divorce or divorce after the age of 50 in Louisville continues to be on the rise. The Washington Post recently noted that the divorce rate for those over the age of 50 – often referred to as “Gray Divorce” – has more than doubled since 1990. Statistics show more than half of these marriages are the first marriage for …
How is retirement divided in divorce when only part of the years served were covered by the duration of the marriage? This is a question of “marital property” and “separate property” and a recent Appeals Court case sheds some light on this issue. For example, if the retirement in question was based upon 30 years of service and the marriage …
How are issues such as retirement assets and property division in a Louisville divorce going to be handled? Does the social security, retirement accounts, retirement benefits or the pension of either or both parties come into play? Almost every Jefferson County or Louisville divorce case involves the division of retirement assets. The experienced divorce attorneys at Dodd & Dodd provide …
What are the important financial issues to consider before filing a divorce? In Kentucky and around the country, there is commonly an uptick in the number of divorce filings after the New Year. Many people choose to file for divorce at the beginning of the year so they can start their lives afresh. New divorce filings often pick up after …
What is a QDRO and why is a QDRO important in a Louisville divorce? A Qualified Domestic Relations Order or QDRO is a legal document which allows the administrator of a retirement plan such as a 401(k) to actually act upon the orders of a judge in a Louisville or Jefferson County divorce. Retirement accounts, or at least the portion …
What is a gray divorce in Louisville or Jefferson County Kentucky? The term “Gray Divorce” has gained a lot of visibility in the past several years. Gray divorce refers to divorce cases when the parties are 50 years of age or older. There were concerns in recent studies which showed gray divorce had doubled over the past 30 years. It …
How will your 401(k) be handled in a Louisville divorce? Retirement assets such as a 401(k) are considered in the same manner as “marital property” and marital contributions are usually fairly or equally divided between the parties. If you entered the marriage with a balance in your 401(k) the “marital property” value of the 401(k) itself can actually be quite …