Divorce is a major turning point that can reshape various aspects of your future, including how you will live during retirement. Amid the stress of dividing homes, debts, and parenting time, retirement accounts can quietly become one of the most overlooked and misunderstood assets. Your decisions about these funds can determine whether you retire comfortably or face years of financial strain.
Unlike checking accounts or household items, retirement assets come with layers of rules, tax consequences, and long-term implications. Failing to properly address them during your divorce can result in missed opportunities and lasting financial damage.
A knowledgeable St. Charles divorce attorney can help you identify, value, and divide retirement assets according to Illinois law so that you can build a secure future post-divorce.