Ep 145: A Tough Conversation – Retirement and Divorce

2022-08-04

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We’re going to have a tough conversation about retirement and divorce on today’s episode. How does this difficult decision impact your retirement financially? Join us on today’s episode as we break down these major topics: Why is working with a financial advisor essential during a divorce? (6:10) You don’t want to ignore tax implications of breaking up retirement accounts. (7:04) Rolling a spouse’s retirement account into a new IRA immediately after divorce. (9:33) How divorce can impact Social Security payments. ...

We’re going to have a tough conversation about retirement and divorce on today’s episode. How does this difficult decision impact your retirement financially?

Join us on today’s episode as we break down these major topics:

Why is working with a financial advisor essential during a divorce? (6:10)
You don’t want to ignore tax implications of breaking up retirement accounts. (7:04)
Rolling a spouse’s retirement account into a new IRA immediately after divorce. (9:33)
How divorce can impact Social Security payments. (15:56)

Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA

Read more and get additional financial resources here: http://philstaxhacks.com

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