What is the name of your state (only U.S. law)? California
Divorce has not been finalized yet.
Division of assets/debt is just first stage of discussion.
How to file Tax Return for 2010 has been discussed between 2 of us now.
He owes about $6,000 my family.
STBX stated that " He will take out the money he owes my family from his portion of 401K. Approximately $120,000 in the account, 50% of $120,000 is $60,000. $20,000 plus penalty that come out of his portion of the $60,000. And when the time to split comes, I will still entitle my portion of $60,000.
STBX asked me my authorization for early withdraw his 401K to pay back $6,000 to my family.
He said if I give him my authorization for early withdraw, he will file tax return for 2010 as Married Joint and give me 18% of total of refund. But he would keep all of the rest.
What does it make sound to you ?
Doesn't it affect anything my portion/right I supposed to get or will/may affect later eventually as age of 59 1/2(65 ? sorry I am not sure)
Any of advice, opinion, your view, guessing will be great appreciation for me.
Thank you very much for your time and help.What is the name of your state (only U.S. law)?What is the name of your state (only U.S. law)?
Divorce has not been finalized yet.
Division of assets/debt is just first stage of discussion.
How to file Tax Return for 2010 has been discussed between 2 of us now.
He owes about $6,000 my family.
STBX stated that " He will take out the money he owes my family from his portion of 401K. Approximately $120,000 in the account, 50% of $120,000 is $60,000. $20,000 plus penalty that come out of his portion of the $60,000. And when the time to split comes, I will still entitle my portion of $60,000.
STBX asked me my authorization for early withdraw his 401K to pay back $6,000 to my family.
He said if I give him my authorization for early withdraw, he will file tax return for 2010 as Married Joint and give me 18% of total of refund. But he would keep all of the rest.
What does it make sound to you ?
Doesn't it affect anything my portion/right I supposed to get or will/may affect later eventually as age of 59 1/2(65 ? sorry I am not sure)
Any of advice, opinion, your view, guessing will be great appreciation for me.
Thank you very much for your time and help.What is the name of your state (only U.S. law)?What is the name of your state (only U.S. law)?