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0:00 Introduction to the firm
0:30 Cash Implications
0:58 Reckoning
1:17 Compelling Reasons
[Should I Cash Out My 401(k) Before Filing For Divorce] - Michigan Law
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If you cash out your 401(k), there could be tax implications, penalties for early withdrawal, and so on. If you cash out your 401(k) well before your divorce, it may not be implicated in the divorce discussion. There are some factors that can come into play on your decision to cash out your 401(k), you just need to be aware of the implications of doing it the wrong way and the court is very well aware of financial maneuvering. If you have any questions about this, please reach out to our office today for a complimentary phone consultation!
For additional info, watch these videos:
Should I Stop Contributing To My 401(k) If I know I Am Going Get Divorced in Michigan?
[ Ссылка ]
Will My 401(k) Be Affected During Divorce in Michigan?
[ Ссылка ]
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