3 Value Stocks to Hold in Retirement. At that stage of your life, it makes sense that you might want to minimize risk by holding shares of solid, industry-leading businesses that aren't overvalued. Read on to learn why they think retirees would be wise to buy Lowe's Companies (NYSE:LOW), Brookfield Infrastructure Partners (NYSE:BIP), and Express Scripts Holding Company (NASDAQ:ESRX). And in Lowe's, retirees are presented with a solid company that offers acceptable income growth and a 2.1% annual dividend yield. With Lowe's shares trading at 15 times this year's expected earnings -- a reasonable premium given its earnings growth -- I think it's an attractive, stable portfolio candidate for investors in retirement. Yet that's exactly why Express Scripts is currently a potential value stock retirees should consider. On the back of all that bad news, Express Scripts now trades at less than 8 times its expected earnings. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Express Scripts wasn't one of them! *Stock Advisor returns as of June 5, 2017 Chuck Saletta has no position in any stocks mentioned. The Motley Fool owns shares of Express Scripts.
By Marilyn Timbers, Next Avenue Contributor
Couples who have recently finalized their divorce and divided up assets are understandably eager to move on to the next phase of their lives. But closing the book too hastily on your previous relationship could result in some unintended financial consequences.
If you have recently parted ways with your spouse, here are five important steps you need to take to protect your assets and shore up your retirement plan:
1. Make sure the retirement plans are divided according to the divorce agreement.
The IRS requires a QDRO (Qualified Domestic Relations Order) in order to divide money in a retirement plan between two parties. A QDRO is a court-ordered document that specifies how the assets will be divided. In many cases, you must also provide this order to your retirement plan provider, and follow up with them to make sure the document has been received and processed.
If you are eligible to have your share of those assets deposited into your retirement plan, be aware that there is a one-time opportunity for a divorced spouse (under age 59 ½) to withdraw money from an ex-spouse’s retirement plan without paying a 10% Internal Revenue Service penalty.
So, if you’re under 59 ½ and need a portion of your ex-spouse’s retirement savings to pay some immediate expenses, you may want to pull that money out before you roll the funds into your own retirement plan. You will have to pay taxes on that transaction, but you will avoid the 10% penalty. You may want to discuss with a financial adviser how the withdrawal could impact your long-term savings goals.
2. Change the beneficiary designations on your retirement accounts. Even if you’ve had a new will drawn up due to the divorce, you still…