The prospect of retirement is typically rather exciting. People usually look forward to the idea of enjoying time with their spouses and grandchildren. Travel plans or an opportunity to finally write a novel can contribute to a powerful sense of anticipation related...
Retirement Plan
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How Are Retirement Funds Divided In Divorce?
It may not be the first thing on your mind during a divorce, but your retirement accounts are a very important part of your assets regarding the divorce process. For most people, their retirement accounts like 401ks, IRAs and pension plans are one of their most...
Early withdrawal from 401K
The Internal Revenue Service reported that in 2011 it collected $5.7 billion in penatlies as a result of early withdrawals from 401K plans. In that year, Americans took roughly $57 billion from their 401K plans as early deductions. Normally, the...