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July 18, 2012 Cindy Best
How do deferred compensation accounts, 401k, and retirement benefits get divided during a divorce?
The court will split these 50/50 if it was all acquired during the marriage. There is no penalty to divide and the money is not removed from the accounts. After the division, each party is subject to IRS rules for prematurely withdrawing the money. One spouse cannot create a tax liability for the other spouse….
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Contact Information
7025 N. Scottsdale Road, Suite 301
Scottsdale, Arizona 85253
Scottsdale, Arizona 85253
