On this episode, we’ll talk about some of the financial mistakes we see people make in the midst of a divorce.

Here are some of the things you’ll learn on this episode:

• Why choosing the house over other financial assets might not be the best result over the long-term.
• The tax implications that you’ll need to keep in mind when dividing assets.
• The role your advisor will play in the divorce process and why it’s valuable to have someone to work with along with your attorney.

What We Discuss Today: 

2:00 – The role an advisor plays

3:32 – Choosing the house

6:09 – Tax implications

8:02 – Rolling over a 401(k)

9:47 – Emotional decisions

12:26 – Getting the help you need

Quotable Moment: 

“Over a short period of time, if you do keep the house those expenses are likely to exceed the appreciation of the home. And you will lose money by keeping the house.”

– Spiros Vassilakos