This is a hypothetical situation. I'm not getting a divorce.
We live in a 50/50 state (Wisconsin). We have our asset allocation set up across a taxable account and two IRA's and we use a joint checking account for paying bills and contributing to our portfolio.
I have the following setup in a tax-efficient manner:
My Taxable Brokerage-Equities
Her IRA-Equities
My IRA-Bonds
The asset allocation is 80/20. My IRA will have limited growth due to having bonds in my IRA.
How are assets split in these types of situations if it's a 50/50 state?
The goal will be both parties walk away with the same asset allocation...is this possible?
Is this a drawback of this type of asset placement for married couples if a divorce is possible?
We live in a 50/50 state (Wisconsin). We have our asset allocation set up across a taxable account and two IRA's and we use a joint checking account for paying bills and contributing to our portfolio.
I have the following setup in a tax-efficient manner:
My Taxable Brokerage-Equities
Her IRA-Equities
My IRA-Bonds
The asset allocation is 80/20. My IRA will have limited growth due to having bonds in my IRA.
How are assets split in these types of situations if it's a 50/50 state?
The goal will be both parties walk away with the same asset allocation...is this possible?
Is this a drawback of this type of asset placement for married couples if a divorce is possible?
Statistics: Posted by lostdog — Tue Mar 26, 2024 10:19 am — Replies 0 — Views 130