This video is a primer on divorce and your 401(k). I hope no one ever has to go through a divorce but here is what to expect regarding your qualified retirement plans in terms of how they are split up and what your options are for receiving the funds if you have to go through one.... ( read more )
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Divorce can be a stressful and overwhelming experience. It can also have a significant impact on your finances, including your 401(k) retirement savings account. If you are going through a divorce, it is critical to understand how your 401(k) will be split up and what a Qualified Domestic Relations Order (QDRO) is. During a divorce, any assets that were acquired during the marriage are typically divided equally between the two parties. This includes your retirement savings, such as a 401(k) account. However, the p...
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 :)