We are going to discuss a tough topic today, divorce. Going through a divorce at any age is difficult but doing so close to or in retirement adds additional complications. There are a lot of little nuances that go along with splitting your assets and it can be an emotional investment as well.
 
If you’ve been married a long time and you’ve grown a family it can be easy to be emotionally attached to the house. But you want to consider other financial assets as well.
 
You also need to consider the tax implications of dividing those retirement accounts. So, if you find yourself going through this tough situation what missteps do you need to avoid and what should you look out for?
 
 
Key points: 
1:18 – Do you often work with divorcees?
1:52 – Should you keep the house?
4:52 – Ignoring tax implications of accounts
6:56 – Rules around divorce and your accounts
8:11 -  Working with an advisor to help you through
10:31 – Mailbag: Should I take money out of my retirement account?
 
and get additional financial details here: http://retirementplaybookpodcast.com 

Ver todos los episodios