Learn why a divorce decree isn’t enough to protect your retirement assets. You need a QDRO to divide the accounts to avoid paying penalties or income tax.
“The reason a QDRO is necessary is that retirement accounts are in the name of one spouse. The plan administrator is not permitted to divide the account without a QDRO,” said Laurie Itkin, certified ...
Discover how your 401(k) could be impacted by divorce and the steps to protect your retirement assets during the settlement process.
(Bloomberg) --A profit center. A silent fee. One more kick in the pants. Those are a few of the ways divorce lawyers describe the fee that many 401(k) plan participants have to pay when they need to ...
Key Takeaways Divorce reshapes your financial life, but revisiting your budget, debt, and savings plans early can help prevent long-term damage to your retirement security.Understanding how assets are ...
From a wealth management standpoint, the most critical component of property division in divorce is the careful handling of qualified and non-qualified retirement assets. Too often, couples simply ...