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When facing a divorce, many people consider altering their financial strategies, including stopping 401k contributions. In this episode, our attorneys discuss why this might be a detrimental move and how courts view such actions.

• Stopping your 401k contributions can be viewed by the court as an attempt to manipulate your income in anticipation of divorce.
• The money that is not contributed to your 401k is still considered marital income, it just becomes taxable to you immediately.
• Generally, you do not gain a strategic advantage by pausing your regular retirement contributions, as the funds are still subject to division.
• All income earned during the marriage must be accounted for, regardless of whether it goes into a retirement plan or a bank account.
• It is almost always advisable to maintain your normal financial habits until you have consulted with your family law attorney.

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For additional information, watch these videos:
Should I Stop Contributing To My 401(k) If I know I Am Going Get Divorced - https://www.youtube.com/watch?v=krtqjcUVa6E
Should I Cash Out My 401(k) Before Filing For Divorce - https://www.youtube.com/watch?v=qXuPnaWafQY

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