Tricky Divorce Issue: How to Divide 401(k)s, IRAs and Annuities

The tax implications can make these assets more complicated to split in a divorce settlement.

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Many things occupy your mind during a divorce. Understandably, taxes can likely fall to the bottom of the list. But there are critical tax considerations that should be evaluated, particularly when it comes to dividing qualified assets, such as 401(k)s, IRAs and annuities.

Dividing 401(k)s and Pensions

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Disclaimer

SEI Private Wealth Management is an umbrella name for various wealth advisory services offered through SEI Investments Management Corporation (“SIMC”). The information contained in this communication is not meant to substitute for thorough estate planning and is not meant to be legal, tax, insurance and/or estate advice.

Disclaimer

Neither SIMC nor its affiliates provide tax advice. Please note that (i) any discussion of U.S. tax matters contained in this communication cannot be used by you for the purpose of avoiding tax penalties; (ii) this communication was written to support the promotion or marketing of the matters addressed herein; and (iii) you should seek advice based on your particular circumstances from an independent tax adviser.

Disclaimer

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Steven Wittenberg, JD, MBA, LLM in Tax
Director of Legacy Planning, SEI Private Wealth Management

Steven B. Wittenberg, JD/MBA/LLM, is Director of Legacy Planning for SEI Private Wealth Management, a business unit of SEI Private Wealth Management that provides private wealth management solutions, serving high-net-worth individuals and families.