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Facing the financial complexities of divorce in your 50s or 60s? The retirement planning decisions you make now could save you tens of thousands in taxes down the road.

Jacki Roessler welcomes financial planning expert Nick Defenthaler to unpack the crucial yet often overlooked retirement account strategies that can transform your financial future after divorce. Nick breaks down the fundamental differences between traditional and Roth IRAs with crystal clarity, revealing why understanding these distinctions matters tremendously when dividing assets in a divorce settlement.

Nick shares practical wisdom about creating an optimal "retirement paycheck" by drawing from different account types in a strategic sequence. You'll discover why the financial decisions you make during this transition period can have tax implications lasting decades, and why partnering with advisors who understand both divorce and tax planning is essential for long-term financial security.

RESOURCES

• To learn more about Nick, click the link below:   https://www.centerfinplan.com/nick-defenthaler
•  Check out the articles Nick has written for ‘The Street: Retirement Daily”  by clicking the following link  https://www.thestreet.com/retirement-daily/author/nick-defenthaler-cfp-ricp
• To schedule a complimentary introductory consultation with Jacki, click the link below:https://calendly.com/roessler-jacki/30min?month=2024-03

Whether you're contemplating divorce, currently navigating the process, or adapting to life after a gray divorce, this episode provides the financial literacy you need to make informed decisions about your retirement accounts and create a more secure future. Subscribe to Divorce Rich for more insights on achieving financial clarity during this challenging life transition.

Visit us at https://www.roesslerdivorce.com/ to learn more about Jacki's practice and to find valuable resources for your case.

The Divorce Rich podcast is proudly sponsored by Center for Financial Planning: Striving to Improve Lives through Financial Planning Done Right! https://www.centerfinplan.com/