Legal Assistance
mass.gov
Legal Assistance
There are many resources available for court users that need legal help. There are professionals offering services to assist throughout the legal process.
Oct 5, 2017
Legal Advice for Divorce
🚨 Divorce 401(k)? You need to know about the “Rule of 72(t) Exception” If a 401(k) is transferred to you in a divorce, there’s a one-time opportunity many people miss ⬇️ 💡 You can take ONE withdrawal without the 10% early-withdrawal penalty ✔️ Divorce-related transfer ✔️ One-time distribution only ❌ Not a recurring income strategy ⚠️ Important: You WILL still pay income taxes on the amount withdrawn. ✅ Pros • Avoids the 10% early withdrawal penalty • Can help with legal fees, housing, or cash
0:07
🚨 Divorce 401(k)? You need to know about the “Rule of 72(t) Exception” If a 401(k) is transferred to you in a divorce, there’s a one-time opportunity many people miss ⬇️ 💡 You can take ONE withdrawal without the 10% early-withdrawal penalty ✔️ Divorce-related transfer ✔️ One-time distribution only ❌ Not a recurring income strategy ⚠️ Important: You WILL still pay income taxes on the amount withdrawn. ✅ Pros • Avoids the 10% early withdrawal penalty • Can help with legal fees, housing, or cash
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