Finances in Marriage 101

Finances in Marriage 101 by Susan Moussi

{2:45 minutes to read}  Finances are a common source of conflict in relationships. Trying to work through the conflict alone can be difficult and unproductive. Couples may be tempted to just keep limping along, but studies show that oftentimes relationships end because of disagreements over money.

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Should You Keep Your Ex’s 401(k) Plan As-Is?

Should You Keep Your Ex’s 401K Plan As-Is? by Susan Moussi

{2:58 minutes to read}  Is it possible to keep your share of your ex’s 401(k)? The short answer is yes.

In your divorce property settlement, if you are to receive a portion or all of the retirement assets that were in the name of your former spouse, you need to set up a transfer from their account to an account that is in your name. 

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Borrowing From Your 401(k)?

{3:07 minutes to read} A recent court case demonstrates the need to pay very close attention to the procedures for a repayment of a 401(k) loan, and that there is no “reasonable cause” exception when a taxpayer fails to make a 401(k) loan repayment. 

Borrowing From Your 401(k) by Susan Moussi

In Frias, T. C. Memo. 2017 – 139, July 11, 2017, an employee left for maternity leave on July 30, 2012, to have her third child. Here are the facts of the case: 

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When is a Joint Return Not a Joint Return?

When is a Joint Return Not a Joint Return? by Susan Moussi

{2:21 minutes to read} The tax court recently ruled on a case complicated by a divorce that was in-process at the time of filing. The lack of clarity, in this case, resulted in time, aggravation, and expense for both parties—highlighting the need for clear and indisputable documentation.

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