Dear Attorneys,
I am in the middle of a divorce, and I’m concerned about my retirement. I’ve contributed a lot to my 401k during our 20 year marriage. My wife had some retirement saved but liquidated it because she wanted a fancy new kitchen. Can I keep all of my retirement since she did that?
Sincerely,
Retirement Rob
Dear Rob,
While we understand your thought process about keeping your retirement since your wife “spent” hers, that’s not exactly how it works. Whether or not you were necessarily in agreement with the kitchen remodel, it was a financial decision made during the marriage. It also added value to the marital residence (which you will both share in through the divorce process). Also, you have a fairly long-term marriage, so it is likely that the marital portion of your retirement account will be equally divided between the two of you.
Remember, you don’t have to navigate this challenging situation alone. Seek support from experienced professionals who can guide you through the legal process and help you make informed decisions. Wolf & Shore Law Group is here to help you make your family law matters easier, not harder. We are realistic and direct with our clients. We encourage potential clients to seek out a firm where they will feel comfortable and confident. Ever argue with a woman? Let Wolf & Shore Law Group go to work for you. Call us at 203.745.3151 or email us at info@wolfandshorelaw.com.
Very Truly Yours,
Wolf & Shore Law Group
*The situations represented in our Dear Attorneys column are entirely fictional and any resemblance to a specific case is unintentional. We cannot, and will not, offer legal advice to anyone who is not a client. However, if you do have questions or concerns, you should contact an attorney at your convenience.
