divorce women forum
  Home |  Search | FAQ You Are Not Registered Or Not Logged In Not logged in [Login - Register]   
If you are not registered or logged in, you may still view these forums but with limited features.
You can register by clicking here. If you have any questions, please check the Frequently Asked Questions (FAQ).
Upcoming Events

 

 

 

Upcoming FREE Dating Seminars

To Be Determined

 

 

Printable Version | Send to Friend
Subscribe | Add to Favorites
Author: Guitarguy Subject: 401(k) contribution
Connie96
Newbie


Posts: 1
Registered: 10-11-2011
Location:

posted on 10-11-2011 at 16:32 Reply With Quote Report Post to Moderator
401(k) contribution

I am facing a divorce. I was thinking about stopping my 401(k) contribution altogether (as it may just increase my wifes payout), but now i'm thinking i should just decrease it to the amount needed to get my employer match. My thought being that worst case i get back what I paid in, she effectively gets the match, and i still get the tax deduction in the meantime. Any thoughts on this or holes in my logic?
View User's Profile E-Mail User View All Replies By Connie96 (only searches replies by default, for topics please run another search) U2U Member
Guitarguy
Member


Posts: 1
Registered: 08-26-2020
Location:

posted on 08-26-2020 at 11:23 Reply With Quote Report Post to Moderator
Hey

Hey!

I got divorced three years ago.
I lost a lot of my retirement money to my ex.
She didn't make as much as me, so I get it.
It happens.
If we retires together, half of that money was for her anyway.
Now, it's just me, and I retained a good bit of it.
I also took money out of it to get a house.

When I was married I made a 15-16% contribution or pay deduction.
Now I only do 4-5% and company matches 4%.
They also contribute another 10% quarterly.

I can barely afford to do the 4%. It's been dina cially rough on me.
I tried to live my life as I did when married. I ran up credit cards.
It was stupid. :(
Wish I coild get it back.

Now I am wishing I lived with someone to save money but not sure I can deal with living with another woman at this time in my life.
Worried it would ruin our relationship.

Contribute what you can afford but don't make it so tough that you can't live.
View User's Profile E-Mail User View All Replies By Guitarguy (only searches replies by default, for topics please run another search) U2U Member
Printable Version | Send to Friend
Subscribe | Add to Favorites


Processed in 0.026 seconds, 9 queries

Divorce Women reserves the right to block, delete, or edit any and all posts. The Moderator has sole discretion on the content of this site. Anyone who posts accepts these terms, and waives any and all rights to bring any legal action against Divorce Women. If you disapprove of any of the above, do not use, read, or post in Divorce Women

 

 





#506