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| Blondie wrote: - quote - > Now that I am getting a divorce how much can my wife get of my 401k?
That's going to depend on the relevant state law involved.The mechanism to get it out of the plan is a Qualified Domestic Relations Order, but federal law clearly grants the authority to the state courts to issue such an order and the plan is obligated to comply with a valid QDRO. - quote - > Also is there a way that I can keep her from getting what I have worked for 25 years for? I am within 5 years of retirement and I need all that I can get!
It's not going to be any different than any other asset.The only real difference is that it's likely harder to *fraudulently* undervalue that asset if the spouse has any idea it exists, since the plan trustee is the actual owner of the assets in question (the assets underlying the plan balance). The real way to do this--get competent professional help from a good local family law attorney. But I would offer one piece of advice--if you decide to "do battle" in full, you can easily create a situation where neither you nor your spouse will get the plan--rather it will go into litigation expense. If you ever hear yourself saying to your attorney "it's the principal of the thing!" when justifying continuing to battle, save both of you a lot of trouble and just agree to each give half of all you have to a third party. Because, otherwise, the expense of battling in court will consume all that's there. And, frankly, there's *always* one more battle you could fight in these cases if you look hard enough. Divorce is an emotional issue--but you need to retain enough common sense to continue to make an appropriate cost/benefit analysis. -- Ed Zollars, CPA Phoenix, Arizona |
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| Give it all to me before you get divorced. Then, I'll give you most of it back in a secret deal after the divorce lawyers are done with you. "Blondie" <rachel_elaine[at]sbcglobal.net> wrote in message news:0255683fb0b3528ab62b6d5851aa69a5[at]localhost.talkaboutinvestments.com... - quote - > Now that I am getting a divorce how much can my wife get of my 401k? I
getting what I have worked for 25 years for? I am within 5 years ofhave around 125 thousand now! Also is there a way that I can keep her from retirement and I need all that I can get! Thanks |
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#-1
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| Now that I am getting a divorce how much can my wife get of my 401k? I have around 125 thousand now! Also is there a way that I can keep her from getting what I have worked for 25 years for? I am within 5 years of retirement and I need all that I can get! Thanks |
| Tags |
| 401k, divorce |
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