Retirement Assets
There are a number of ways in which people accumulate retirement assets. It can be through a government or private employer sponsored pension (defined benefit plans) or defined contribution plan:
There are a host of issues and questions that come up with retirement benefits.
- Pension
- Traditional Individual Retirement Account (IRA)
- ROTH Individual Retirement Account (IRA)
- Tax Differed Annuity (TDA)
- 457K Plans, 401(K) plan
- 403b plans, Variable Supplemental Fund (VSF)
- Non qualified Deferred Compensation Plans for Key Personnel (409A plans)
- Simplified Employee Pension (SEP)
- Savings Incentive Match Plan for Employees (SIMPLE IRA)
- Employee Stock Ownership Plans (ESOP)
- Supplemental Executive Retirement Plan (SERP)
- SARSEP Plans (Salary Reduction Simplified Employee Pension)
- Keogh Plans
There are a host of issues and questions that come up with retirement benefits.
- Can my spouse have more then one retirement benefit?
- Is my pension considered separate property?
- How will these assets be divided?
- What are the rules for each retirement benefit and how does that effect my divorce settlement?
- Are there loans taken out on these assets and how will that be addressed in my divorce?
- How do we find out what benefits there are?
- What happens to the defined benefit pension if one of us dies?
- What is the difference between a defined benefit and defined contribution plans and how will it affect my divorce?
- How does disability, pension and my divorce interplay?
- Does it matter for my divorce if the retirement asset is in a Qualified verses non-qualified plan?
- Which is more valuable to me in a divorce a tax-differed or ROTH defined contribution plan?