Are you in the unfortunate situation of being in a divorce? These breakups usually go through a lengthy process of dividing assets and your retirement plan may be one of them. Due to the nature of retirement plans, Qualified Domestic Relations Orders (QDROs) have been designed to bridge the legal gap between Federal laws that govern retirement plans and State laws that govern marriages. While the Summary Plan Description that defines your particular employer's retirement plan will outline QDROs, they are not cookie-cutter and will require an attorney's input in most cases to be finalized. See our website BenefitResources.com for links to all of our blogs and thanks for watching this week's Question of the Week!... ( read more )
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Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)