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Guidance on QDROs and Their Effect on Retirement Planning

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 ) LEARN MORE ABOUT: Qualified Retirement Plans REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing QDRO Advice and How QDROs Impact retire