‘Is he trying to bamboozle me?’ My husband wants a divorce after 20 years. He offered his $275,000 401(k) in exchange for our $250,000 house.

‘Is he trying to bamboozle me?’ My husband wants a divorce after 20 years. He offered his 5,000 401(k) in exchange for our 0,000 house.



“He thinks I could use the money from his 401(k) to either buy a house or use some as a down payment.” (Photo subjects are models.)

“He thinks I could use the money from his 401(k) to either buy a house or use some as a down payment.” (Photo subjects are models.) – Getty Images/iStockphoto

Dear Quentin,

My husband no longer wants to be married to me.

I am 61 and he is 51. In 2006, I left a job and used my 401(k) to pay off all of our debts. A couple of years later, he applied for and got a credit card in his name to buy an anniversary gift of a three-stone diamond ring for me. And we started building debt again.

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In 2012, I quit work because I became disabled. He was in favor of me quitting for my health. I used my 401(k) for life expenses because doctors found a parasite behind my husband’s eye. He was off work for a month. I sold my Jeep to pay our expenses.

Six months after quitting work I qualified for Social Security Disability Insurance. With SSDI I got only $500 less than when I was working. Last year, I sold another Jeep so we could pay off all our debt. As of next month, we…

2024-05-22 09:27:00
Article from finance.yahoo.com

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