Qualified Domestic Relations Orders (QDRO) are expensive; they are required in order to transfer pension assets in a divorce without incurring the 10% penalty for early withdrawal. But many financial institutions will transfer a 401(k) without a QDRO, and just have you sign a simple form instead. Seems like a good idea — look at all [...]
Your Pension and your Business–Divorce Mediation Long Island
In many divorces, the single biggest asst of the marrige is the pensions, 401(k)s, and similar protected assets of one or both of you. How does divorce affect those assets, and who gets what?
