Reported 15 days ago
Divorce at 55, especially with $800,000 in a 401(k), raises significant financial concerns. To protect assets, it's crucial to clearly distinguish between marital and personal assets, understand how retirement accounts are treated in your state, and take proactive measures such as setting up personal bank accounts, preventing your spouse from cashing out your 401(k), and keeping meticulous records of transactions. Consulting with a financial advisor can also help in planning for a secure financial future post-divorce.
Source: YAHOO