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Getting cash from your spouse's 401(k) plan in divorce
Автор: Mary Salisbury
Загружено: 2020-01-16
Просмотров: 5284
Описание:
Divorce is expensive and you need cash to pay attorneys, buy a home, and pay off debt. Often one spouse has a 401(k) plan at work. In this video I explain the IRS rule that allows a spouse to get cash from his/her spouse's 401(k) plan in divorce without incurring the 10% early withdrawal penalty that is imposed if you are under age 59 1/2. I explain what court order needs to be prepared and how and when you ask the plan administrator for a cash distribution. See the related article on my website at
https://www.therightdivorcesolution.c...
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