Get to know QDRO – Qualified Domestic Relations Order
If you’ve spent your life taking care of family while your spouse has earned all or a majority of the income, here’s something you need to know – QDRO. A QDRO is a “Qualified Domestic Relations Order,” which provides a legal mechanism for dividing the retirement benefits of private pension and/or 401K plans earned by your spouse during the years of your marriage.
If you find yourself at divorce’s door, do not assume that your divorce settlement will protect your rights to your portion of your ex-spouse’s retirement account.
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What’s at stake regarding your retirement future
How QDRO timing is critical
How a QDRO allows you to take control over the management of your money
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