QUESTION
Will I have access to that money or do I not get it until he retires?
Asked on Feb 26th, 2013 on Divorce - Florida
More details to this question:
My husband and I are divorcing. He has a 401k and has agreed to give me half.
3 ANSWERS
Criminal Defense Attorney serving Deltona, FL
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R. Jason de Groot, P.A.
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Money in a 401K can be accessed now, if a proper quadro is entered, or if the person simply applies for an early withdrawal.
Answered on Feb 27th, 2013 at 7:45 PM
Carolyn Roschelle Jones
If your Husband has a 401K and you are given half you will need to execute a QUADRO and you should roll over the money into another retirement account.
Answered on Feb 27th, 2013 at 7:31 PM
John Arthur Smitten
You can extract your marital portion at the time of the divorce or roll it into a separate retirement account.
Answered on Feb 27th, 2013 at 7:31 PM