Law Offices of Peter G. Aziz & Associates LLC
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divorce Archives

Dividing 401(k) and other retirement assets in divorce

New Jersey residents who are approaching or going through divorce are likely to have disagreements about financial matters. According to a survey conducted by the American Academy of Matrimonial Lawyers, the top things divorcing couples fight about are alimony, business interests and retirement accounts. When it comes to dividing 401(k) assets, couples can sometimes make mistakes. Here are a few things to keep in mind when splitting up a 401(k).

Thinking about the potential for change when getting divorced

A divorce causes many changes in a person’s life. But of course, change is not unique to divorce. Life is full of changes, and a person can experience many changes after they get divorced. Examples include job losses, pay cuts and health changes. Such changes sometimes have major financial implications.

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