What is the name of your state? Georgia
Help! Please! Urgent! Need quick answers for money woes.
In the divorce settlement a QDRO says that I will receive a percentage of the amount accumulated in the 401k account, if I use some of this money to pay off my debts will it be penalized for early withdrawal? In other words is early withdrawal applicable to funds transferred to me or only to funds my ex withdraws and doesn't pay back?
Help! Please! Urgent! Need quick answers for money woes.
In the divorce settlement a QDRO says that I will receive a percentage of the amount accumulated in the 401k account, if I use some of this money to pay off my debts will it be penalized for early withdrawal? In other words is early withdrawal applicable to funds transferred to me or only to funds my ex withdraws and doesn't pay back?