A Qualified Domestic Relations Orders or QDRO allows retirement accounts to be divided without taxes and penalties in the case of a divorce. Most people going through a divorce know this. What they don’t know, however, is that a QDRO can be drafted in one of two ways. It can be a “separate interest QDRO” […]
There’s no question about it; divorce is daunting. Don’t let poor financial planning complicate an already challenging time.
If you’re going through a divorce, money is probably the last thing you want to think about. Unfortunately, it should be at the top of your mind. Financial mistakes made during the divorce settlement process can haunt you for years. Sometimes they can even haunt you for the rest of your life. It’s worth slowing […]
Are you recently or long divorced and receiving alimony? Is alimony your only income source? Are you worried that you won’t be able to contribute to an IRA and save for retirement because you don’t have any “qualifying income”? If you’ve looked into the rules for IRAs at all you’ve probably run into that line […]
How Long Does it Take to Process a QDRO? What is a QDRO? Who Needs a QDRO? When people divorce, separating finances can get complicated. And if you’re getting divorced and your spouse has a company retirement plan, you will no doubt hear the term “quad dro” or QDRO. What exactly is a QDRO? […]