Congressional Democrats have reintroduced bills in the Senate and House \\o require spousal consent for 401(k) distributions.<\/p>\n
The reason for a change is that since 401(k) plans are quite often a couple\u2019s largest financial asset next to their house, spousal consent is needed to prevent one spouse from taking a 401(k) withdrawal from their account without the other spouse\u2019s knowledge or consent.<\/p>\n
I support it, but obviously, spousal consent could be tricky if there is no divorce, but issues regarding domestic violence and no filing of formal separation.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" Congressional Democrats have reintroduced bills in the Senate and House \\o require spousal consent for 401(k) distributions. The reason for a change is that since 401(k) plans are quite often a couple\u2019s largest financial asset next to their house, spousal … Continue reading