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Forum
-> Household Management
-> Finances
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amother
OP
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 Wed, Feb 07 2024, 5:48 am
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Is there any benefit to withdrawing pension early in a situation of divorce even though this incurs a tax- or is it always better to wait until retirement?
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ellacoe
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Wed, Feb 07 2024, 12:39 pm
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Please speak to an attorney. As an incident of divorce the transfer of a pension should not incur an fees. If there is an IRA and you don't roll it over (and cash it out), then you incur penalties. However a straight transfer due to a divorce should not incur fees.
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amother
OP
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Wed, Feb 07 2024, 1:12 pm
it's a pension account so it is only available at retirement unless it's withdrawn earlier which incurs taxes.
I'm curious if there's ever a benefit to getting that money sooner even though it comes at a cost.
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