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Can I get half of my spouses retirement and 401K in Washington state in a divorce after 6 years of marriage?
You can get half of your spouse's retirement and 401K as it stands at the time of the divorce. You cannot get anything accrues after the divorce.
Do you have to be 21 years old to have a 401k?
No, you do not have to be 21 years old to have a 401k.
I opened a 401k account years back but i havent looked into it what happens to the money?
i need to know about my 401k
How old do you have to be to start saving in your 401k?
You must be 21 years of age to start saving in a 401K plan
How to finds 401k funds owed to me?
money was taken out for 401k years ago from my pay checks how can I fine it
If I max out my 401k for 20 years, how much will I have saved?
If you max out your 401k for 20 years, you could potentially save around 1 million, depending on your contributions and investment returns.
How many years do you have to be married to receive the spouses 401k?
WOW...
How long do you have to be married in PA to split your 401K with your spouse?
As soon as you are married, your 401k belongs to both of you. If the marriage has been relatively short, you might be able to negotiate something less than half in the divorce settlement.
How old do you have to be to take money out of a 401k?
You generally have to be at least 59 and a half years old to take money out of a 401k without facing penalties.
How long do you have to be married before you can attach a 401k?
You don't "attach" a 401K. Generally speaking, those assets that accumulate during the course of the marriage are considered marital assets that are subject to distribution based on state laws when the couple divorces. Those assets that each person brings into the marriage remain theirs when they leave the marriage. So, the value of the 401K at the time of your marriage is the value to which your husband will have sole title. The increased value of that 401K during the time you are married is the amount subject to distribution when you divorce. If you are married for one year, odds are that 401K will not be worth a great deal more than it was when you married. The longer you are married, the more time for potential growth in the account. Just because you marry the guy doesn't mean you have a right to everything he had before he met you. So if that's the reason you married him....Ha, ha!
Do you have to have a hardship to withdraw 401k after 59 and one half years old?
No, you do not need to demonstrate a hardship to withdraw from your 401k after reaching 59 and a half years old. At this age, you are generally eligible to make penalty-free withdrawals from your 401k account, subject to any specific rules or restrictions imposed by your plan.
What contribution amount is the maximum amount for a 401k?
The 2013 401K maximum contribution is $17,500. That makes two straight years of increases after three years of no increases from the IRS. If a person would like to max out a persons 401K in 2013, take $17,500 and divide it by a persons total salary from a persons employer.
