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Reply to "Withdrawing money from 401K/retirement account before divorce-- implications?"
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[quote=Anonymous][quote=Anonymous]OP here, so what will happen with the money that has been withdrawn and cannot be traced to a bank account? [/quote] There’s a record the money was in the account. You will still be responsible for paying the spouse half. Doesn’t matter if you’ve hidden it. You’ll have to pony it up. Also, to empty the account your spouse will have to agree to it. That’s the tricky thing with 401ks, the law recognizes the spouse’s rights.[/quote]
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