Close Window X
Rowe Law Offices, P.C.
Call today to schedule a free consultation
610-816-0935 866-232-1913

Saving for retirement while preparing for divorce

Pennsylvania couples who are getting married might want to think about how they will handle finances. Often, one person tends to be better with money, but it is best if both are financially responsible and are able to pay bills and budget effectively. This may also put them both in a better position in case the marriage ends in divorce.

Another wise precaution is attempting to balance the funds in each person's retirement account. For example, each person might put a different proportion of their income in the account so that they have roughly the same amount going into retirement. It is important to make adjustments based on the fact that one account is likely to be better than the other in terms of performance. This can also help ensure the financial security of each person in case of a divorce.

Before retirement, people should begin thinking about how they will depend on their retirement account instead of their income. Planning ahead will make this transition easier.

Unfortunately, many people's financial lives are not this well-organized or balanced when they decide to divorce. Whether or not this is the case, a person considering divorce might want to begin by seeing an attorney and discussing their financial situation. Bringing information to a consultation such as tax forms and information on investments can help an attorney make a more accurate assessment regarding how the financial side of the divorce might play out. Divorce among older couples is much higher than in previous generations, and with decades to accumulate shared assets, these divorces might be particularly complex. However, even in a high-asset divorce, a couple may find that they can negotiate many or all of their issues without resorting to litigation and then make a binding legal agreement with the assistance of their respective attorneys.

No Comments

Leave a comment
Comment Information

Have Questions? Get A Free Case Review

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us For A Response

Wyomissing Office
1200 Broadcasting Road
Suite 101
Wyomissing, PA 19610

Phone: 610-816-0935
Wyomissing Law Office Map

Lancaster Office
8 N. Queen Street
Suite 1102
Lancaster, PA 17602

Phone: 717-382-8360
Lancaster Law Office Map

Allentown Office
1248 Hamilton Street #201
Allentown, PA 18102

Allentown Law Office Map

Berks or Montgomery counties or the Lehigh Valley: 610-816-0935 Lancaster or York counties: 717-382-8360 Schuylkill County: 570-362-6837 Toll Free: 866-232-1913