Jamie Graham & Associates, PLLC

Understand how retirement can be affected by divorce

When someone decides to end a marriage in Texas or in other locations around the country, how retirement will be affected is likely not the first issue that comes to mind. However, it is definitely a topic that needs to be addressed, according to a financial services website. In fact, roughly a quarter of baby boomers believe that their divorce will have a negative impact on their retirement and force them to stay in the workforce longer. Experts stress the importance of considering the potential impact on retirement plans now and taking action sooner rather than later.

Typically, a person's retirement account will be split between the two ex-spouses. The manner in which the accounts will be divided is determined by local and state laws. Some states use equitable distribution to determine how assets are divided. Others, like Texas, are considered to be community property states.

A prenuptial agreement is a method that can be used to better protect someone's retirement saving. In the agreement, it will be determined what percentage of the retirement accounts each person gets. Without a pre-nup in a community property state, any assets put into retirement accounts after marriage would be split equally in a divorce.

When an individual has a good understanding of how retirement funds will be affected following a divorce, it is advisable to develop a new plan to save for retirement. New income levels and savings goals need to be considered in the new plan. The changes may require some to adjust their expectations for retirement or to even defer their retirement for a few years.

How an individual's retirement accounts may be affected in a divorce is just one factor to consider when a marriage ends. There are many potential complications in the divorce process, so it would be wise to seek the guidance of a knowledgeable Texas divorce lawyer. An experienced attorney will work on behalf of clients to protect their interests and seek the best outcome possible for them in the process.

Source: host.madison.com, "Can Divorce Destroy Your Retirement?", Wendy Connick, Oct. 13, 2017

No Comments

Leave a comment
Comment Information


At Jamie Graham & Associates, PLLC, we have received a variety of honors and awards for our family law services. Members of our team have been listed as Top Lawyers in San Antonio Scene magazine. We take pride in the number of positive reviews we have received from satisfied clients. On AVVO, a lawyer rating website, we have received an 8.9 rating overall and many positive ratings from clients and colleagues.

  1. Top 10 Attorneys | American Jurist Institute | 2017
  2. Avvo Rating | 8.9 | Excellent
  3. Avvo Clients' Choice Award 2015 | Jamie Lynn Heggy Graham
  4. Reviews | Out of 12 reviews | Jamie Lynn Heggy Graham | Avvo
  5. BBB | A+ Rating
  6. San Antonio | Best S.A. | Lawyers | 2015

Get In Touch With Us

Free Family Law Consultation

Call 210-764-3468 or send an email to schedule a meeting with one of our experienced lawyers.

We are ready to listen and to educate you about your options, whether you are going through a divorce or facing any other family law issue.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Jamie Graham & Associates, PLLC
310 South St. Mary's Street
Suite 2500
San Antonio, TX 78205

Phone: 210-272-7034
Fax: 210-308-5669