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Don’t forget about your retirement assets

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Divorce can have a significant impact on your finances, including your retirement goals. Despite your retirement plans, getting divorced will result in your retirement assets getting divided according to California laws. 

The thought of splitting your retirement assets with your soon-to-be ex can be difficult to accept. However, understanding how your assets will be impacted by your divorce can help you create a better financial plan for life after divorce.

Divorce will affect each person's retirement accounts in a different way. However, a new study found that divorced men and women closer to retirement are less prepared for retirement compared to married couples. 

Even more worrisome is the finding that divorced women have $34,000 less in retirement savings compared to divorced men.

This finding highlights the importance of understanding how your retirement accounts will be affected after the divorce is finalized so you can create a new plan to reach your retirement goals. 

Once you determine how your retirement assets will be divided, you can create a new financial plan. It is important to set a new budget to help you reach your financial goals, including your retirement goals.

You should also re-evaluate your retirement needs to make sure you are saving enough for life after you are done working. This includes evaluating how much Social Security will impact your monthly finances and how much money you think you will need each month to pay for your living expenses.

The divorce process can be complex and draining, especially when it comes to property division and your retirement assets. Working with an attorney can help you review all of your options and help you plan for life after divorce. 

Our Awards and Memberships

Schoenberg Family Law Group, P.C., recognizes that family law matters involve complex, sensitive issues that can have a lasting impact on you, your family, your finances and your future.

More About Honors & Awards
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10.0 Avvo Superb Top Attorney Family Law, Divorce
Los Angeles and San Francisco Daily Journal
American Jurist Institute Top 10 Attorneys 2017
100 TOP WOMEN-OWNED BUSINESSES Women Who Lead
AMERICAN ACADEMY OF MATRIMONIAL LAWYERS (AAML)
2022 Client Satisfaction American Institute of Family Law Attorneys 10 Best
100 Fastest-Growing Private Companies In the Bay Area San Francisco Business Times
2021 LGBTQ-OWNED BUSINESSES Business Pride
10 Best Female Attorneys 2017 American Institute of Family Law Attorneys
San Francisco Bay Area's Best and Brightest Companies to Work For Winner 2021
2018 Best Lawyers Best Law Firms U.S. News & World Report
California Board of Legal Specialization (CBLS) State Bar of California
2020 Client Champion Debra R. Schoenberg
San Francisco Business Times Corporate Philanthropy Awards 2019
Expertise Best Divorce Lawyers in Concord 2020
2018 Expertise Best Divorce Lawyers in San Francisco
Fast 100
Lead Counsel Rated
Litigation Counsel of America (LCA) Fellow
National Board of Trial Advocacy
2017 Parents' Press Best of The Bay
San Francisco Business Times
Rated By Super Lawyers Debra R. Schoenberg
The Business of Pride
2021 Best Businesses Three Best Rated
San Francisco Business Times Corporate Philanthropy Awards & Summit
American Jurist Institute Top 10 Attorneys of 2018
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