Although a single person has worked for their pension that money is still viewed as property available to be divided.
Pensions, Retirement Plans, QDROs
Podcast: Justin Reckers on Importance of Divorce Financial Planning
Justin Reckers, a Certified Divorce Financial Planner, explains how a CDFA™ works with the individual’s lawyer as a financial consultant and more.
Does my pension statement show my pension’s marital asset value?
Many pension plans issue yearly individual pension statements to each participant, although it is not required by law to do so. While it is possible to obtain a monthly figure, as if the employee will retire at a given date, this is not the marital present value of the employee’s pension. Depending on the occurrence […]
How can I transfer a portion of my IRA to my ex-spouse?
A portion of an IRA (Individual Retirement Account) can be transferred without tax penalty into an IRA Account for the alternate payee, if the alternate payee is the spouse or former spouse and the transfer is pursuant to a divorce.
What is the ABCs of Public School Employees’ Retirement System ADROs?
What you need to know about Approved Domestic Relations Orders (ADROs).
Can a plan administrator charge a fee to review a domestic relations order?
Can a plan administrator charge a fee to review a domestic relations order? Read this response by Texas Pension & Profit Sharing Plan Specialist Richard Johnston Jr. to understand more about QDROs and domestic relations orders.
Do IRAs require a QDRO to be divided?
Contacting an account representative is a guaranteed way to figure out if IRAs require a QDRO to be divided. Click to read more.
If an alternate payee takes a distribution from an ERISA qualified plan, does he or she have to pay a penalty?
Dispel the belief that an alternate payee electing a distribution from an ERISA qualified plan will be taxed and penalized. Click to read more.
How do I transfer some of my interest in a qualified retirement plan to my spouse?
I’m transferring some of my interest in a qualified retirement plan to my spouse in our divorce agreement. How should I go about doing this?
What is a Qualified Domestic Relations Order (QDRO)?
A QDRO is a court order with the purpose of dividing the pension as if it were property between the employee and their non-employee spouse.
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