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.
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.
The term QDRO, or Qualified Domestic Relations Order, applies to the private sector. Federal pensions are exempt from QDROs because they are exempt from ERISA, the Employee Retirement Income Security Act of 1974.
Statistics say that almost one out of every two marriages will end in divorce. This sociological earthquake has left the old-style nuclear family in ruins – but what effect is it having on the economics of love?
Here's help navigating the dangerous waters of divorce so you'll reach safe harbor: a financially sound future.
During the division of property, you must decide what to do with the family home. Will one of you keep it, will both of you remain there until the market improves, or will you rent it out?
How to avoid five key tax traps during the divorce process.
There are hidden costs associated with keeping the marital home after divorce. Sandy Arons explains costs that you may not have considered but need to understand if you plan to keep the house after your divorce.
From underestimating your monthly expenses to accepting an offer just to get it over with, here are the 5 most common mistakes people make when it comes to divorce and money.
A little bit of advance financial planning can go a long way during your divorce process. Discover the 12 common financial pitfalls of divorce that you should avoid.
Since we first launched in 1996, the mission of this website has always been to help our readers make their divorce more civilized, amicable, and transformational. If you'd like to offer expert advice, useful information, or support to those who are considering divorce, separated, or already divorced, there are two ways you can contribute content to us:
If you'd like to offer expert advice, quality information, or support to those who are considering divorce, separated from their spouses, or already divorced, there are two ways you can contribute content to this website: