The Financial Divorce Blog » Retirement Accounts

Transferring IRA Assets During Divorce

Dakane — Wed, 24 Jun 2009 01:58:11 +0000

In this article, we address divorce and transfer of Individual Retirement Account (IRA) Assets. We focus on the Traditional IRA because the rules for transfers are more restrictive than for a Roth IRA. (If you follow the rules for transferring ownership interests in Traditional IRA assets for Roth IRA assets, you should qualify for the [...]

Impact of Retirement Account Split in Divorce

Dkane — Sat, 06 Jun 2009 19:44:18 +0000

An area where many individuals get into tax trouble is when splitting their Qualified Retirement Accounts (QRPs) and Individual Retirement Accounts (IRAs). Once you have come to the revelation that your assets must be split you may be tempted to start the process by making pre-divorce transfers prior to receiving an official judgment, decree or [...]

Preparing For the Divorce – Assessing Your Financial Condition

Dkane — Fri, 05 Jun 2009 03:46:11 +0000

One of the situations that we see in many family situations is where one spouse is the primary caretaker of the financial obligations for the family. That person may have been in charge of paying the bills, setting up the investment accounts, making investment decisions (stocks, bonds, real estate, mutual funds, etc.), buying and maintaining [...]