Ask Experts Questions for FREE Help !
Ask
    TRACIHARDIN's Avatar
    TRACIHARDIN Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 21, 2012, 02:01 PM
    Child support and 401K?
    Can my ex decrease the amount of child support he pays because he has the 401k plan taken out of his check each month?
    cdad's Avatar
    cdad Posts: 12,700, Reputation: 1438
    Internet Research Expert
     
    #2

    Mar 21, 2012, 02:47 PM
    By legal definition if the amount of child support is based on gross income and by contribution it lowers that adjusted gross income then yes it could happen. The key here is legal. Putting money into a 401k is legal. He may have to explain it to a judge and there may be an adjustment. But there is nothing wrong with it.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    Mar 21, 2012, 05:24 PM
    Let me rephrase this a bit differently. If he his contributions to the 401(k) reduce his gross income, he can reapply in court for a modification based on the reduced gross. Whether it will be granted under the circumstances is questionable.

    What he can't do is reduce his payments on his own. Only a court can adjust a support order.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Can my 401k be seized when I retire? If I still owe child support when I retire? [ 5 Answers ]

I recently found out that a girl I had been with in high school had my child after she had moved to another city. That was 20 years ago, and I am paying for the back support and interest. The court forgave the late penalties since I didn't know about the child. I need to know if, when I retire,...

GA divorce. Can a 401k be signed over as child support? [ 4 Answers ]

GA divorce, spouse incarcerated. He finally signed the settlement, including child support. He agreed to turn over 100% of 401k and retirement pension. Can the 401k be categorized as child support? Will this allow a withdrawal with zero penalties or taxes?

401k as income for child support [ 14 Answers ]

I reside in Michigan, my husband and I divorced 6 years ago, since then he has taken me to court a surplus of times to try to ruin me with lawyer fees. I was awarded 50% of the 401k in the settlement. Since then I have had to withdrawl fund to live off and pay all the fees associated with the...

Child support and 401k [ 7 Answers ]

Hello, my question is a little different than most. My ex and I get along great, but my job has had a reduction in hours and it is getting hard to make a living. I am not in arrears but I am going broke. I pay a weekly amount that will never go up or down. We know how much I will owe by the time...


View more questions Search