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Money Milestones: A divorce doesn’t have to be the end of your retirement funds Emotions run high and it’s easy to push money management aside — don’t Try to be objective to ensure retirement security. Suzanne Riss and her ex-husband knew going into their divorce that they needed to consult a financial expert. Divorce, even a simple one, still involves EdmontonDivorceMediation a decent amount of complexity when dividing assets, including retirement savings. Not to mention, it’s a highly emotional moment — Riss in particular was navigating a divorce as well as balancing a full-time job and caring for a young son. Divorce is far from simply signing a paper that officially ends a marriage. Riss didn’t know how much she had in her retirement account, or what her soon-to-be ex-husband had either. She didn’t know where she would live. She knew she was financially capable of supporting herself, but not all of the details of her accounts and assets. For the most part, the saying “what’s yours is mine and what’s mine is yours” is true when it comes to assets accumulated in a marriage, including money in a 401(k) plan and individual retirement accounts.
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