Divorce? In this recession, it’s anything but fun | home | New push to protect custody rights of troops
February 22, 2010
Splitting Up Retirement Assets in a Divorce
If you or someone you know is heading toward, or already embroiled in, a divorce, the term can make your eyes glaze over: qualified domestic relations order.
For an ex-spouse, though, those four words can spell the difference between a secure or perilous financial future.
A QDRO, as it’s called, helps divide a couple’s retirement assets in the wake of a divorce. Such an order, for instance, would permit the custodian of a 401(k) to make payments to the former spouse of an employee.