Divorcing? Don’t forget about the tax traps hiding in your retirement accounts. Most people don’t realize there are serious tax implications when splitting retirement assets during a divorce. Here are 3 key things you need to know: 1️⃣ Not all accounts are the same. Pensions and 401(k)s require a QDRO to divide them — but IRAs can usually be transferred without one. 2️⃣ If you cash out, you pay up. Even if you avoid an early withdrawal penalty, you’ll still owe ordinary income tax on the amount