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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.

via Splitting Up Retirement Assets in a Divorce – WSJ.com.

posted to Divorce,Mediation @ 12:01 pm

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Divorce? In this recession, it’s anything but fun | home | New push to protect custody rights of troops