Dividing assets in a divorce might seem fair on the surface, but taxes can quietly tip the scales. In this episode, we share why a Roth IRA is not the same as a 401(k), and why keeping the house might come with hidden costs later. We also break down child-related tax benefits, how to avoid penalties when splitting retirement accounts, and why your divorce decree needs to get specific. If you are negotiating a settlement, this conversation will help you cushion your financial future by thinking a few steps ahead.

Key takeaways:

• Equal numbers on paper do not always mean equal after-tax value
• The parent with more overnights usually gets the child tax benefits
• A QDRO can help avoid early withdrawal penalties when dividing retirement funds

Connect with us!

• Josephti Cruz on LinkedIn 
• Jade Eagles on LinkedIn

Divorce might be the end of one chapter, but it’s also a brand-new journey filled with hope and growth. Join us for practical tips for financial empowerment and insights to make this time a little less daunting.

Invite us on your journey at coveryourassetsdivorce.com.