Tag Archives: defined contribution
QDROs: 401k? 403b? 457b? What’s the Difference?
It’s time to get a QDRO drafted. But, there are many different types of retirement accounts: 401k, Roth 401k, 401a, 403b, 457b, IRAs and more. All these numbers and letters can begin to blur. What’s the difference between them? Let’s begin with how they are similar. First, they are all forms of deferred income,… Read More »
How long does it take for a QDRO to be completed?
Divorcing couples are often faced with having a QDRO drafted. One of the first questions they ask is “How long will this take?” For many, it seems that a QDRO should be similar to a transaction at a bank, like moving money from one account to another account. It would seem that it would… Read More »
QDROs: Shared vs. Separate?
One question you may hear when preparing to divide a retirement plan is “shared or separate interest?” What does that mean? It’s an important decision and one worth understanding. To begin with, here’s an example: Suppose Ms. Smith is a long-time employee of the Jones Company and is a fully vested participant in the… Read More »
What does “half” mean when it comes to QDROs?
There’s a famous intelligence test that is sometimes used in job interviews. You hand the candidate a piece of paper and ask them to divide it in half. Some candidates will grab the paper and rip into two parts. Other candidates will fold the paper carefully and attempt to get close to a clean… Read More »
When should I get my QDRO prepared?
When should I get my QDRO prepared? “Do I need to get my QDRO done immediately after my divorce?” This is a question we hear all the time. Sometimes we hear “Can I wait?” After a divorce, you’re probably not excited about putting in the time, money, and effort it takes to prepare a… Read More »
