Timothy Sumer

This video is a primer on divorce and your 401(k). I hope no one ever has to go through a divorce but here is what to expect regarding your qualified retirement plans in terms of how they are split up and what your options are for receiving the funds if you have to go through one.... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Divorce can be a stressful and overwhelming experience. It can also have a significant impact on your finances, including your 401(k) retirement savings account. If you are going through a divorce, it is critical to understand how your 401(k) will be split up and what a Qualified Domestic Relations Order (QDRO) is. During a divorce, any assets that were acquired during the marriage are typically divided equally between the two parties. This includes your retirement savings, such as a 401(k) account. However, the p...

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 ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA 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...