So, you’re thinking about divorce, huh? First of all, let me give you a virtual hug. This is a big step, and it’s okay to feel a whirlwind of emotions. But let’s get down to brass tacks: finances. Because, let’s be honest, love might make the world go ’round, but money keeps the lights on.
Today, I want to delve into a topic that’s becoming increasingly common and impactful in our lives: gray divorce. Yep, you heard it right – the dissolution of marriages among those who have seen a few more sunrises than sunsets.
Navigating Health Savings Accounts (HSAs) during divorce can be a complex task. Divorces involve the division of assets, and HSAs are no exception. It is crucial to understand the rules and regulations surrounding HSA transfers and how they can impact both parties involved. Below, we will explore the guidelines for HSA transfers in divorce and discuss their implications.
We understand that Social Security benefits play a significant role in both the immediate and long-term financial well-being of individuals, particularly in the context of divorce.
Divorce is a complex and difficult process that can involve many legal and financial considerations. One such consideration is the division of retirement assets, which can be especially complicated if one or both spouses have contributed to a retirement plan during their marriage.