1.4K
THRetirement accounts are one of the most valuable assets you’ll divide in divorce, and one of the easiest places to make expensive mistakes if you don’t understand what you’re doing.
I sat down with certified divorce financial analysts (CDFAs) Josephti Cruz and Kat Holland of @coveryourassetsdivorce for a 25-minute deep dive into everything you need to know about dividing 401ks, IRAs, and pensions in divorce.
Here’s what we covered:
• The difference between 401ks, IRAs, and pensions - they don’t all get divided the same way
• What a QDRO actually is and what happens if you skip that step (spoiler: nothing good)
• How to figure out what portion of your spouse’s retirement account is actually marital property when they’ve been contributing for years before you got married
• Tax mistakes that cost people thousands - and how to avoid them
• What to do if your ex has a 401k but you have an IRA and you’re trying to divide things fairly
• When you need professional help vs. what you can figure out yourself
If you’re looking at retirement accounts thinking “this is completely over my head,” this 25-minute conversation will break it down so you actually understand what you’re dealing with.
Drop “INTERVIEWS” in the comments to get a link to all my mini-masterclass conversations with divorce professionals.
✌️ Alex
#TheDivorcePlanner #RetirementAccounts #QDRO #DivorceFinances #401k #IRA #Pensions #DivorceAdvice #FinancialPlanning #DivorcePrep #CDFA
@the.divorce.planner
