Advice

Apprehensive-Cost496 · 2024-02-17T19:44:44+00:00

Always think long term. That 32k compounding over time is worth way more. Give her the cash seal the deal asap.

peddlar · 2024-02-15T23:49:03+00:00

She ended up taking 10k all over. Big win!!!

dday_throwaway3 · 2024-02-15T17:04:31+00:00

Can you afford the cash? If so, do that.

Heavy_Guitar_4848 · 2024-02-15T01:00:05+00:00

Do something today that your future self will thank you for

jimsmythee · 2024-02-14T22:58:59+00:00

I owed my exwife 50% of my 401k. She wanted the best of both worlds. Say it was $50,000. She wanted $50,000 in post tax dollars, not pre-tax dollars. “Just cut me a check for $50,000” she would scream at me.

Nope. I got the QDRO and paid her that way. And she spent it all in 1 year. Had nothing to show for it, except a bit tax bill from the IRS and the state revenue:

Big_Marsupial_8142 · 2024-02-14T22:32:35+00:00

Really up to you. Personally - I'd give her 16K in cash. The QDRO route potentially diminishes your returns for the immediate future on your 401K.

She will still have to report it as income and pay taxes on it - although the QDRO can be rolled into her retirement account - likely she will use it as a payday and buy a bunch of shit for herself. I'd rather her start off with a 16K "nest egg" than a 32K one!!!

Mine did exactly that with the QDRO she received from my account. I never heard how the IRS screwed her once she had to claim it as income - not my monkey, not my circus....

Title	Advice
Author	peddlar
Upvotes	3
Comments	6
Date	February 14, 2024 10:04 PM UTC (2 years ago)
Subreddit	Posted in /r/Divorce_Men
Original Link	https://old.reddit.com/r/Divorce_Men/comments/1aqz6r4/advice/
Archive Link	https://theredarchive.com/r/Divorce_Men/advice.1245423 https://theredarchive.com/post/1245423

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