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Asked 5/19/2008

401K plan after a divorce

My question is I have over 75,000 dollars in my 401K plan and a current loan of 11,875 bal; witch give me a balance of roughly 63,250 my understanding is half belongs to my ex-wife. What about the remainning balance will I be required to open aother accunt. My ex-wife is over 59 and a half will she be required to pay tax's. The final question how long will the entire process take. Thank you in advance.

 
 
 
 
 
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