Retirement Planning Tip-#5

Tip #5 from The Retirement Catch-Up Guide. If You’re Divorced, or Going to Be, Make Sure You Get Your Share of Pension and Other Retirement Assets. Biggest take away is this: You must specifically request it during your divorce settlement. A handshake deal or don’t worry, I’ll take care of it will not cut it here! Make it part of the settlement.I would also add this: If health insurance is a concern be sure it is also part of the decree because once you are divorced the benefits are over! Another item I would add here is stock options-you may recall the nasty divorce that Jack Welch, former CEO of General Electric and his wife went through. Bottom line-Jack was trying to stiff her on the options and other retirement perks that GE was providing him. This is an excellent time to hire a professional who has been down this road before so that you get your fair share! Hoffman gives a few resources for women to check out, guys, tough luck. She suggests Women’s Institute for a Secure Retirement.

Steve Mertz
Breakin Up Is Hard to Do!

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