Conquering the Division of Retirement Assets in Divorce

Divorce isn't just the end of a marriage; it's often the start of a new chapter fraught with emotional upheaval and financial uncertainty. Sadly, the statistics paint a particularly stark picture for women. According to a recent report from the American Academy for Certified Financial Litigators, the financial aftermath of divorce tends to hit women much harder than men. While men's household income might dip by 23% post-divorce past the age of 50, women face a staggering 41% drop. When you factor in that women typically outlive men by about five years, the impact becomes even more profound, stretching that diminished income over more years. But it's not just the immediate aftermath that's concerning. Children of divorce often carry a financial stigma into adulthood, potentially impacting their lifetime earnings by a whopping 46%. Preparing for such eventualities is paramount, as marriage rates are declining and divorce rates are steady. Ilene's new webinar series, "Women and Divorce," comes here. In our focused course, "Dividing Retirement Assets," we tackle the critical process of distributing retirement savings after divorce. Retirement planning and savings are essential to financial stability, especially during significant life changes like divorce, where income disparities and later-in-life considerations can profoundly affect retirement outcomes. Join us for a comprehensive course covering various retirement asset types, the intricacies of their division, and strategies for effective post-divorce asset management. Gain insights to support clients better navigating this complex phase and help them confidently safeguard their financial futures. Major Topics Covered: Financial Empowerment ERISA – Employee Retirement Income Security Act (1974) Individual Retirement Account Social Security Standard Order of Precedence Insurance, Businesses, and Investment Property Led by Ilene Slatko, a seasoned speaker and entrepreneur with over 30 years in the financial industry, this webinar series is designed to be a beacon of support in uncertain times. Whether you're a financial advisor, lawyer, or accountant, this course equips you with the expertise to ally for your clients when they need it most. Because when it comes to divorce, preparation isn't just crucial—it's everything.