In the presence of Fe(+) catalyst, the retro Diels-Alder reaction of norbornadiene (NBD) is predicted to be stepwise with an activation barrier of 18.8 kcal/mol, which is 3.1 kcal/mol lower than the concerted retro reaction. For norbornene (NBN), the Fe(+)-catalyzed retro reaction is also calculated to be stepwise with an activation barrier of 24.9 kcal/mol, which is 8.5 kcal/mol lower than the uncatalyzed stepwise reaction but 3.8 kcal/mol higher than the concerted reaction. The intermediates from the NBD and NBN retro Diels-Alder reactions, C(5)H(6)FeC(2)H(2)(+) and C(5)H(6)FeC(2)H(4)(+), are predicted to have low activation barriers for ligand-to-ligand hydrogen transfers (through an iron-hydrido intermediate) to form CpFeC(2)H(3)(+) and CpFeC(2)H(5)(+) and, ultimately, vinyl- and ethyl-substituted cyclopentadiene-iron complexes, respectively. In contrast to FeC(2)H(2)(+) and FeC(2)H(4)(+), the lowest-energy pathways on the C(5)H(6)FeC(2)H(2)(+) and C(5)H(6)FeC(2)H(4)(+) potential energy surfaces involve only one multiplicity (quartet). The C(2)H(2) and C(2)H(4) complexes of CpFe(+) and C(5)H(6)Fe(+) are compared.