Tips for using retirement funds in a divorce
On behalf of Stange Law Firm, PC posted in Divorce on Tuesday, January 28, 2020. People in Missouri may find themselves struggling financially during a divorce. This may be even more likely if one person is shouldering most of the child-related expenses. Some people think that borrowing from a retirement account could offer a short-term solution, but there are a number of drawbacks. One teacher who did not make enough money to cover expenses for herself and her three children withdrew $100,000 from her 401(k) after her husband stopped putting money into their joint account. However, she ended up with