Illinois residents who go through a divorce have different financial concerns once it has been finalized. Their budgets are often tighter as they have less money to spend on consumables. Refinancing a mortgage on what was once the family home can help free cash and...
Month: October 2022
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Dividing an IRA during a divorce
Divorcing couples in Illinois have to navigate a lot of rules when splitting their retirement assets. Whether the couple is splitting an account down the middle or transferring it to one party, there are steps to getting the desired end result. IRAs and taxes A...
Social Security and divorce
If you are a divorced resident of Illinois who is planning for retirement, you should not overlook the possible Social Security benefits you can claim based on your ex-spouse’s work record. This might be a significant amount that can impact your financial security...