Ep 15: Tough Topic – Retirement and Divorce

Going through a divorce at any age is difficult, but doing it near or in retirement adds all sorts of additional complications.

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

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SPIROS VASSILAKOS

For more than 20 years, Spiros has helped families and individuals, corporate executives, physicians and small business owners locally and nationally, pursue their financial goals with thoughtful, tax-sensitive investment guidance. 

Spiros is focused on helping you pursue your greatest objectives with simplicity, transparency and a disciplined process to measure your progress. His guidance is tailored to support your current lifestyle, retirement income needs and legacy goals, while making you feel comfortable at every step of the way. His passion is fueled by knowing he has made a positive difference in the lives of the families and organizations he serves.

SPIROS VASSILAKOS

For more than 20 years, Spiros has helped families and individuals, corporate executives, physicians and small business owners locally and nationally, pursue their financial goals with thoughtful, tax-sensitive investment guidance. 

Spiros is focused on helping you pursue your greatest objectives with simplicity, transparency and a disciplined process to measure your progress. His guidance is tailored to support your current lifestyle, retirement income needs and legacy goals, while making you feel comfortable at every step of the way. His passion is fueled by knowing he has made a positive difference in the lives of the families and organizations he serves.

MORE WAYS TO CONTACT...

(727) 754-8418

AthenianPCG@Cambridgesecure.com