Reported 4 months ago
A woman is contemplating whether to suggest her husband keep his $200,000 401(k) while she takes their $360,000 house in their divorce. She shares her financial situation, including having $15,000 in her 401(k) and the house having $200,000 in equity with $160,000 remaining on the mortgage, along with extensive credit-card debt. Financial advice is given, recommending she prioritize paying off credit-card debt, considering the tax implications of splitting assets, and suggesting options such as refinancing the mortgage or renting out a room. Legal perspectives on alimony and asset distribution in divorce are also discussed.
Source: YAHOO