Divorce and 401(k)s and IRAs – Part 4

Divorce and 401(k)s and IRAs – Part 4 | Ada Hasloecher

{4:30 minutes to read} In the preceding 3 articles, we have covered the subjects of retirement funding, comparing 401(k)s and IRAs, and dividing a 401(k) plan. As you will see, IRA plans almost never require a QDRO. However, many of them do have detailed paperwork which can look similar in scope to the language in a QDRO document. Typically, the plan will want to see a copy of the section of the Settlement Agreement (Separation Agreement) that spells out how the parties agreed to split the IRA along with their paperwork. It’s always wise to prepare the paperwork well in advance of the judgement of divorce as there can be a lag time with the paperwork.

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