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Winter 2020 SICounsel Newsletter
Feb 17 2020
Raiding Your 401(K) Can Be a Divorce Disaster
Feb 16 2020
Using 401(k) assets to pay for expenses during the divorce process can be costly. If you are under 59 ½ years old, you may have to pay income tax and a 10% penalty on the withdrawal. It may be a better option to take a loan against the 401(k) up to maximum of $50,000. But […]
Being Involved in Financial Matters During Marriage Provides Better Outcomes After Divorce
Feb 04 2020
Fidelity’s Divorce and Money Study provides some important insights regarding the effects of divorce on the financial and emotional well-being of couples. Being involved and engaged in financial matters during the marriage provides an advantage for dealing with the divorce and for recovering after the divorce. Read more about the study.