Originally Posted by
53500 Who owns the house? Is there debt on it? Not that debt will affect the tax treatment but obviously it affects what you end up getting.
I'm a CPA. Never heard of this if YOU own the IRA. Aboutdone's experience is for accounts that belonged to her ex to begin with so yeah, good call to check on this.
I have an IRA separate from his 401K which is held elsewhere at a different brokerage firm. I figured they would liquidate half and then I'd have it transferred to my IRA, which is not a Roth but a standard IRA.
The house is in both our names and we live in a community property state. We do have a mortgage but we have a decent amount of equity which, on paper, is equal to what I would get out of his 401K....hope that all makes sense, LOL.