Search Results for: Income splitting
Divorce & IRA Accounts
During the course of a divorce, any assets you and your spouse had will need to be divided. With the help of your lawyers or a mediator, you will decide who gets what property, how to divide your savings and how to divvy up the retirement accounts. Splitting up the 401(k)s and the IRAs is a bit trickier than simply dividing a regular savings account.
The Effects of Divorce on Women & Men
Like any major life change, divorce can cause great amounts of stress. While men and women may express their emotions differently, both experience a period of emotional adjustment. In addition to the emotional effects of divorce, men and women may also experience financial changes and changes to their parental roles. The extent of these effects depends on many factors, including the individuals involved, their relationship with each other, financial conditions, support networks, family dynamics and parental skills.