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Anonymous
Anonymous asked in Family & RelationshipsMarriage & Divorce · 1 decade ago

divorce and retirement plans, is it split in divorce?

6 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    All depends on the state, etc.

    I kept all of mine but agreed to additional/other, more immediate financial compensation.

    Bottom line. Try to find common ground and rationale solutions ASAP.

    Otherwise, you'll be busy destroying each other while the attorneys are racking up billable hours...

  • April
    Lv 6
    1 decade ago

    Not a whole lot of info here, but

    1. It depends upon the state, how long you were married, how much each contributed to the IRA's. If you were the dependent spouse, you get a chunck (in most states) of the IRA, and if you were the main breadwinner, you have to give up some. Part of your retirement pension, as well is divided, usually until one o receiving the $$ remarries. To avoid a lot of hastle, use the same attorney--- adverserial positions are really costly.

  • Anonymous
    1 decade ago

    It can be. Especially if the man says I want the house and the woman's attorney speaks up and says ok and we want your vehicle, all other personal property and we will go after your retirement and wipe you out. And after that, it's not uncommon for the man to withdraw his request for the house.

  • 1 decade ago

    Sorry, no easy answer. It depends on the state as each state has different laws regarding marital assets, and the length of the marriage. Good Luck!

    Source(s): PS-Remember, you said, for better for worse. This might be the worse!
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  • 1 decade ago

    Depends on how long you have been married, and where you live. In New York, for example, there are formulas that calculate all of this, unless you can get your future ex to take cash now instead of percentage later.

  • Anonymous
    1 decade ago

    Only if your lawyer sucks.

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