401 %
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401 %
| Sat, 07-09-2005 - 10:34am |
The mediator said since my income is about 7% of our total household income, I am responsible for only 7% of the debt. Does that mean I am eligible for only 7% of the 401 as well?
I thought it was 50% on everything including debts. I was pleased to hear that re the debt but a friend said it works the same re 401K.
I do have an appt Mon with my lawyer.
I thought it was 50% on everything including debts. I was pleased to hear that re the debt but a friend said it works the same re 401K.
I do have an appt Mon with my lawyer.

Hello :)
My first instinct is to say no, you are entitled to half of the 401. I would, of course, call your attorney and ask before you take my word for it though :) I was lucky ( or unlucky depending on how you look at it ) to not deal with this kind of stuff in my divorce.
Hugs to you and good luck!
Angelena