In a divorce where there are retirement assets like a 401k or IRA being divided – what are the tax implications when this happens? If I’m forced to give ½ my IRA to my ex, do I have to pay early withdrawal penalties and taxes? Many people feel that this is where the real pain can come in. But it's simpler than most people realize. #shorts #divorcedwoman... ( read more )
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Divorce is a difficult and emotionally draining process, but it can also have significant financial consequences. One of the most challenging aspects of divorce is splitting up retirement assets. Retirement accounts, such as 401(k)s and IRAs, are often the biggest assets couples share. However, dividing these accounts can be complicated and can have tax implications. One common method for dividing retirement assets in a divorce is throug
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