D’Angelo & Grabow D’Angelo & Grabow
Free 30-minute Initial Consultation 262-278-0987
A Respected, Experienced And Accessible Firm

Are retirement accounts divided during divorces?

Wisconsin residents who wish to retire in the future may dedicate portions of every paycheck that they earn to their retirement funds. While these funds may start small, over time and with proper investing they can grow into large sums that can support individuals well into the later years of their life. One event that may quash the growth of a well-funded retirement account is divorce. This post will generally address what may happen to such a fund when a marriage comes to its end.

Since the money that individuals earn during their marriages is generally considered marital property, the earnings that go into their retirement accounts are also considered marital assets. Even if only one of the partners works and contributes to the retirement plan, the contributions of the other spouse, like caring for children or supporting the other spouse while he or she received an education, can entitle that non-working spouse to a significant portion of the retirement account.

This may mean that a person's large retirement fund could be significantly cut down if it must be shared with their ex-spouse. It may also mean that they do not have the same financial stability that they were expecting they would have when they planned to remain married indefinitely to their spouse.

Because retirement funds may be divided during a divorce it is important that later-in-life divorcees fully understand the financial ramifications of their property settlements and spousal support obligations. A retirement plan intended for a couple may fall short of two individuals' needs if they choose to live their later years on their own after going through a grey divorce.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Find out how we can help

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

office image

Office Location

D’Angelo & Grabow
N14W23755 Stone Ridge Drive
Suite 200
Waukesha, WI 53188

Phone: 262-278-0987
Phone: 262-278-0987
Fax: 262-523-4322
Waukesha Law Office Map