If you’re thinking about beginning divorce proceedings, chances are you’ve began thinking about what your financial situation will be after a divorce? Will you be able to afford to keep the home the kids were raised in? Can we afford to support two households? How will the changes in income affect our children? When it […]

In general, you cannot take distributions before age 59-½, as the are subject to a 10% penalty tax if you do. You can avoid the penalty if you become disabled, die, or receive a retirement distribution in divorce from an ex-spouse’s (i.e. 401(k), 403(b)).   Let’s take a look at what happens when the ex-spouse […]