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Asked 5/19/2008
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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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I recently got divorced and part of the agreement was i was to recieve money for my 1/2 of equity in a home me and my now ex husband were buying.he kept hte home and i had ot relocate will i have to pay taxes on the money i recieved.i will also get 1/2 of his 401k as he will mine it is to be set up...
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