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When it comes to retirement planning, a Prudential 401K is a popular choice for many individuals. A 401K is a retirement savings plan sponsored by an employer that allows employees to contribute a portion of their income before taxes are taken out. The funds in a 401K account grow tax-deferr...
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 the TSP balance directly in the divorce decree. Aqualified domestic relations order (QDRO)...
Annuities are given tax-deferred benefits by the Internal Revenue Service. The QDRO allows you to split the annuity and keep the tax deferral. You don't pay either taxes or penalties in the split, and your ex maintains the advantage of continuing tax-deferred growth. Without a QDRO, the ow...
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...