I'm not sure if this is right board (don't think there is a Divorce Board her) but I have an old friend that called about her divorce dilemma.In a nutshell he is 60 and she is 57. The divorce is very amicable. As I understand he is transferring X amount of dollars to her from his 401K/IRA. Since he is 59 1/2 can he do this without penalty?Are there limtations to the amount?What are her tax consequences in receiving this money?I appreciate your input.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat