Cover Your Assets – A Divorce & Money Podcast

36. Divorce and the Tax Mistakes Most People Miss

30 min · 7 de ago de 2025
Portada del episodio 36. Divorce and the Tax Mistakes Most People Miss

Descripción

Dividing assets in a divorce might seem fair on the surface, but taxes can quietly tip the scales. In this episode, we share why a Roth IRA is not the same as a 401(k), and why keeping the house might come with hidden costs later. We also break down child-related tax benefits, how to avoid penalties when splitting retirement accounts, and why your divorce decree needs to get specific. If you are negotiating a settlement, this conversation will help you cushion your financial future by thinking a few steps ahead. Key takeaways: * Equal numbers on paper do not always mean equal after-tax value * The parent with more overnights usually gets the child tax benefits * A QDRO can help avoid early withdrawal penalties when dividing retirement funds Connect with us! * Josephti Cruz on LinkedIn  [https://www.linkedin.com/in/josephti/] * Jade Eagles on LinkedIn [https://www.linkedin.com/in/jadeeagles] Divorce might be the end of one chapter, but it’s also a brand-new journey filled with hope and growth. Join us for practical tips for financial empowerment and insights to make this time a little less daunting. Invite us on your journey at coveryourassetsdivorce.com.  [http://coveryourassetsdivorce.com]

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