top of page
Search
  • Writer's pictureDeana Brown

Carpool Chats with Deana Brown: Pretax Assets vs. Post Tax Assets in Divorce

Updated: Feb 7, 2023

Hi Friends,

Not all assets are the same. They are like apples and oranges. Since this is the case, look at whether your assets are pretax or post tax.

Pretax assets include 401k(s), 403b(s), Roth IRAs, and IRAs. When money was deposited in these accounts, you hadn't paid taxes on that money yet. Because of this, there are restrictions as to when you can take the money out without income tax and penalties. Yikes! Penalties!

Post tax assets include checking accounts, savings accounts, and joint investment accounts. When money was deposited in these accounts, you had paid taxes on the money.

Of course, there are exceptions and that's why it is beneficial to work with a Certified Divorce Financial Analyst.

Yours Truly,

Deana A. Brown, CFP®, CDFA®

BagLady Divorce




20 views0 comments

Recent Posts

See All

Navigating Love and Finance: The Prenup Conundrum

Hey there, lovebirds! Today, I want to chat about something that might seem a little less romantic but is oh-so-important: prenuptial agreements, or as we affectionately call them, prenups. Now, befor

Comments


bottom of page