Laura Dale & Associates, P.C.
Se Habla Español Nous Parlons Français
Call 713-574-7952 or 888-572-6059
888-572-6059

Retirement: How much do you know about your spouse's accounts?

In theory, married couples work together to create a secure retirement. They plan, invest and save so that there is enough money, assets and property for their golden years to live comfortably, perhaps even lavishly. In truth, though, retirement planning may not be as well thought out or as well financed as it should be.

According to the Couples Study, undertaken by Fidelity Investments, 40 percent of 1,051 couples couldn't provide an accurate amount of their partner's income. This was even though 72 percent of those couples responded that financial matters were an area where they communicated very well or exceptionally.

When it came to retirement, an incredible 36 percent said that a retirement plan wasn't something that they had developed. Just over half of the respondents, though, worried that they wouldn't have enough in their retirement savings accounts to last through their later years.

Fidelity Investments and other investment companies will need to make it easier for people to learn how much they will need to have a comfortable retirement. In addition, they will also need to educate couples on how to have the necessary resources to do so.

One divorce financial advisor said that it has been his experience that the wife is often not involved in investment, savings and retirement planning. When women have little to no input in the couple's retirement, it can make protecting her rights in a divorce more difficult. Spouses are entitled to part of the other spouse's retirement pay in many circumstances. Without learning about it, a woman may be severely shortchanged during the property division in a divorce.

An experienced divorce attorney can provide women with information on the property division laws in Texas, including those that deal with retirement accounts. Don't hesitate to protect your future.

Source: Forbes, "Divorcing Women: How Much Do You Know About Your Husband's Retirement?," Jeff Landers, accessed Sep. 29, 2015

No Comments

Leave a comment
Comment Information

Client Testimonials

  1. Laura Dale the best Family Law attorney I have ever met... Posted by John...Listens, takes your calls, tells you the truth (even when it may not be what you want to hear)... Read More

  2. The Best...Posted by a Child Custody client... Laura Dale handled my international child custody and divorce matter. I am an attorney in Houston and was referred to her... Read More

  3. A Meticulous, Knowledgeable, Attorney with Heart...Posted by a Child Custody client... Laura was not the first attorney that my husband and I interviewed for an extremely complex... Read More

  4. Top Notch, Hands Down - The Best...Posted by Tammi, a Child Custody client... Laura Dale has been absolutely the best attorney I could have found for my difficult child custody... Read More

Contact Our Experienced Team Today | Se habla español | Nous parlons français

Due to the experience our lawyers have in many specialized areas, you can rely on us to put together the right team to handle your case, even if it centers on complex issues such as international family law, business valuation or bankruptcy. Contact us today to make an appointment to discuss your needs with a knowledgeable lawyer.

Laura Dale & Associates, P.C.
1800 Saint James Pl.
Suite 620
Houston, TX 77056

Toll Free: 888-572-6059
Phone: 713-574-7952
Fax: 713-600-1718
Houston Office Location

Review Us