I Want My Ex To Drain Their 401(k) To Pay Child Support

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Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 11 March 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought you by Y-ReFi. Refinance your defaulted private student loans today at Y-refi.com slash Ramsey.
0:10.2	So my husband, my ex-husband, has not been able to hold down a job due to his health, and he has not paid alimony or child support in five months.
0:19.9	His only assets are his 401k and a little bit of
0:24.3	the equity in the house that I got in the divorce that he gets, he gets set equity when I refinance
0:31.1	when I finish school. So I'm wondering if it's fair to ask him to cash out some of his 401k to pay his responsibility. I know there's
0:40.2	huge punishments, but he's working on disability, and that can take a long time, but he's got no
0:46.2	other assets to feed his kids.
0:51.3	Shush. What a mess.
0:54.4	Because, I mean, at the end of the day, it's going to, it's going to fall on his kids on the back end, right?
1:01.0	Yeah, right.
1:01.7	Like, I'd rather he, you know, keep his kids alive now than, I don't know.
1:06.3	Well, I mean, no, but they're going to be propping him up right now.
1:09.5	Are they going to be propping him up in the, I mean, no, but they're going to be propping him up right now. Are they going to be propping him up in the future?
1:11.9	If he cashes it out, then he's going to be calling them when he's old and can't work.
1:16.5	Yeah.
1:17.1	So let me ask about your situation.
1:19.5	Are you unable to support them right now without his check?
1:24.8	I'm getting financial support from my family.
1:28.1	I'm going through school.
1:29.4	I've still got years to go before I can have any training that can pay anything more than fast food.
1:34.5	Okay.
1:38.8	I feel like fair.
	...

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