Splitting annuities during divorce is a common step, but it's important to understand the implications. Whether you surrender, transfer or sell the annuity for cash, there may be tax consequences and fees. The financial institution holding the annuity plays a crucial role in ensuring a smooth process under the contract’s terms.
Ebony J. Howard, CPA Credentialed Tax Expert at Intuit Ebony J. Howard is a certified public accountant and freelance consultant with a background in accounting, personal finance, and income tax planning and preparation. She specializes in analyzing financial information in the health care, banking and real estate sectors. Read More
Savannah Pittle Senior Financial Editor Savannah Pittle is a professional writer and content editor with over 16 years of professional experience across multiple industries. She has ghostwritten for entrepreneurs and industry leaders and been published in mediums such as The Huffington Post, Southern Living and Interior Appeal Magazine. Read More
Brandon Renfro, Ph.D., CFP®, RICP®, EA Retirement and Social Security Expert Brandon Renfro is a Retirement and Social Security Expert and financial planner. He focuses on helping clients create a secure financial future in retirement and co-owns Belonging Wealth Management. He is also a former finance professor and writes for several publications. Read More
Fact CheckedA qualified expert reviewed the content on this page to ensure it is factually accurate, meets current industry standards and helps readers achieve a better understanding of retirement topics.
How to Cite RetireGuide.com's ArticleAPA Howard, E. J. (2023, October 25). Annuities & Divorce: Assets Between Ex-Spouses. RetireGuide.com. Retrieved September 4, 2024, from https://www.retireguide.com/annuities/divorce/
MLA Howard, Ebony J. "Annuities & Divorce: Assets Between Ex-Spouses." RetireGuide.com, 25 Oct 2023, https://www.retireguide.com/annuities/divorce/.
Chicago Howard, Ebony J. "Annuities & Divorce: Assets Between Ex-Spouses." RetireGuide.com. Last modified October 25, 2023. https://www.retireguide.com/annuities/divorce/.
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