For example, theThrift Savings Plan (TSP)—adefined-contribution planfor federal employees and members of the uniformed services—requires that the division of assets be clearly spelled out and referred to as th
IRAs are governed byInternal Revenue Code section 408. In order for the transfer of an IRA from one spouse to the other to be nontaxable, the transfer must be made pursuant to a divorce or separation instrument. After the QDRO is accepted by the plan, the defined contribution plan asset i...
receiving a lump sum pension payment plays a vital role in planning their future financial security. However, the process of receiving the lump sum pension can sometimes be unclear, leaving retirees wondering how long it will take for the funds to be disbursed. In this article, we will explore...
In some situations, you may need a court order for other matters. For instance, a court may need to order an administrator to distribute a portion of your spouse’s pension to you. This is called a QDRO, Qualified Domestic Relations Order. Click to contact our Raleigh, NC, asset division...