divorce

Qualified Domestic Relations Orders
Team SummitBudgeting & Debt, Employee Financial Resource Center, Financial Planning, Retirement PlanningComments are off for this post
Dividing your assets and debts in a divorce is mostly a matter to be dealt with at the state level, perhaps with the help of your lawyers or divorce mediator. When it comes to retirement investments, however, reassignment must comply with the federal Employee Retirement Income Security Act (ERISA). What does this mean for you?  Read More →
Divorce and Taxes
Team SummitEmployee Financial Resource Center, Financial PlanningComments are off for this post
When you first got married, you probably had to read up on how to file taxes with your new spouse and new filing status. After a divorce, your tax considerations will change again. Besides determining your new filing status, you’ll have additional costs or gains that have tax consequences and if you have children, you’ll  Read More →
No Beneficiary Designation. Who Gets the Money?
Team SummitEmployer Resource Center, Plan Operations & AdminComments are off for this post
piggy bank
According to a recent Wall Street Journal article, retirement plans and IRAs account for about 60 percent of the assets of U.S. households investing at least $100,000¹. Both state and federal laws govern the disposition of these assets, and the results can be complicated, especially when the owner of the account has been divorced and  Read More →

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