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Should You Keep The House After Divorce?

Aside from custody negotiations, one of the thorniest issues in a divorce can be what happens to the house. The house a couple has shared likely has emotional meaning for both spouses, and it can be difficult to figure out what to do with it, especially if children are involved. Sometimes, to maintain the “nest” for minor children, the mother will want to stay in the house and maintain the house as a primary residence for the children, while the father finds a new place where the children can visit. This arrangement may seem like a simple solution, and may seem the most favorable solution for a mother who has stayed home to care for the children while the father worked outside the home. There can also be financial benefits to keeping the home. But there are also reasons why the house can become an albatross, too.

The division of IRAs in a divorce

Divorce can cause significant upheaval to your life in the present, but it can also have lasting implications on your future. While it’s logical to consider the immediate financial impact of divorce, it’s smart to be aware of how it will affect your retirement as well.

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