10-Jan-22
Taxes, Penalties and Divorce: IRAs and Qualified Plans are not the Same
Take-Away: The division of and IRA and a 401(k) account are different in a divorce property settlement, as can be the income tax consequences that result from that division. Differentiating an IRA from a 401(k) account is important to avoid accelerating the income tax liability associated with those retirement accounts. Key to this differentiation is […]
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