Ford Buyout Deductions?

My husband and I are 30 years old and trying to decide if it is in our best interest to take the buyout for $100,000. We know that Uncle Sam will definitely get his share, but we estimate that we will have approx. $70,000 left and plan to put 50% into clearing up some credit issues and the other 50% in our existing business in which he will be a full time employee w/health insurance and continue to pay his child support (he is current). Ford employees have rumors going around that Child support will be deducted from your buyout equal to 1 year of support even if you are current, as well as if you have cars financed through Ford Credit they will payoff the cars and deduct that from your buyout as well. If these rumors are true, it definitely changes our decision to take the buyout. Has anyone heard about this and it is true? If you answer tell me how you know. Thanks.

Ford Buyout Deductions?

TAKE IT . MY HUSBAND WORKS FOR GENERAL MOTORS , THANK God HE RETIRES Friday THE 29 TH . Lot%26#039;s OF PEOPLE YOUR AGE TOOK THE BUY OUTS . none CAN TOUCH YOUR CHECK BUT YOU AS FAR AS THE CHILD SUPPORT . HE SHOULD PAY EVEN WHEN HE GETS HIS MONEY BECAUSE YOU DON%26#039;T WANT TO BE IN REARS . BOTH OF YOU ARE STILL YOUNG ENOUGH TO GET ANOTHER GOOD JOB . REMEMBER THOUGH WITH THE BUY OUT HE IS NOT ENTITLED TO ANY MEDICAL BENEFITS OR PENSIONS SHARE HOLDINGS ETC . ONE OF OUR FRIENDS WHO TOOK THE BUY OUT HAS GONE TO SCHOOL AND IS NOW BECOMING A LAWYER ..... GOOD LUCK ON YOUR DECISION

Ford Buyout Deductions?

My ex is about to be a former Ford employee. From what I閳ユ獫e been told they are taking a percentage from the buyout to pay child support. My sister has a coworker that took a buyout last year for $30000. After taxes and child support, he was only left with $9000 and was begging for his job back. Report It