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
“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