401K to refinance after divorce?
Need some advice. My soon to be ex-husband wants to refinance our house and buy me out. the problem is that by the time he pays me child support and the mort/taxes/homeequity he has only about $300 left per month.
I dont' want the house because it is too much work for me. It's pefect for him since he can't have a house with stairs (artificial leg).
Is it possible for him to cash in part of his 401k? I know there are only certain times you can do this (i.e purchasing a home or preventing foreclosure).
If anyone has done this or attempted to do this I would welcome your advice!