It is Important to Review Miscellaneous Shared Expenses During the Divorce Process

There are some expenses like insurance, gym memberships, phone plans, and streaming services that are shared during the marriage. As the divorce process proceeds, you must take steps to remove yourself from joint accounts and establish them under your name to remove any personal or financial liability. Read this article for more ideas.

Raiding Your 401(K) Can Be a Divorce Disaster

Using 401(k) assets to pay for expenses during the divorce process can be costly. If you are under 59 ½ years old, you may have to pay income tax and a 10% penalty on the withdrawal. It may be a better option to take a loan against the 401(k) up to maximum of $50,000. But […]