How Nevada Divorce Impacts Your Retirement Benefits
Автор: Law Offices of Karen A. Connolly, Ltd.
Загружено: 2016-03-21
Просмотров: 79
Описание:
Under Nevada Revised Statute 125.150, retirement benefits such as pensions, 401(k)s, IRAs are considered community property and are to be divided equally among the parties of a divorce.
There are generally two types of retirement plans:
1) Defined benefit plans, which provide monthly income benefits upon retirement using a formula that factors in age, years of service, and salary.
2) Defined contribution plans, which are based off the funds in the individual retirement account. Members make contributions to the retirement account and the return on their investment determines the amount of their retirement.
Retirement accounts can be a large source of the overall property of the divorcing couple. Protect your retirement future. Call attorney Karen A. Connolly today: (702) 678-6700
More on this topic:
https://www.kconnollylawyers.com/divo...
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