Splitting Retirement Accounts

Transferring IRA Assets During Divorce

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 tax-free … Read more

Impact of Retirement Account Split

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 … Read more