Author Archives: Jacki Roessler

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About Jacki Roessler

Jacqueline Roessler is a Certified Divorce Financial Planner at Divorce Solutions, LLC in Southfield, Michigan.
EMAIL: qdrogirl@divorcesolutionsllc.com
BIO: About Jacki
PHONE: 248-354-0495

QDRO Gibberish or Malpractice Trap?
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Authored by , re: Family & Divorce, LAW RELATED ARTICLES, on .
QDRO Gibberish or Malpractice Trap | Jacqueline Roessler

{3:40 minutes to read}   With good reason, the majority of family law attorneys refer out the preparation of Qualified Domestic Relations Orders (QDRO) to QDRO/pension experts. Never a neutral document, QDROs always benefit one side at the expense of the other. Therefore, sharp attorneys carefully review prepared QDROs to ensure they represent an equitable division of the benefits and protect their client’s interests.

What about sections in the QDRO typically referred to as “boilerplate”--the ones that tend to be omitted in employer-provided QDRO Models and web-generated Orders?

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Divorce Demystified: Henry Gornbein’s New Book Explains Divorce for Non-Lawyers
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Divorce Demystified: Henry Gornbein’s New Book Explains Divorce for Non-Lawyers | Jacqueline Roessler

{3:15 minutes to read} When newly pregnant, I read and re-read my favorite book, What to Expect When You’re Expecting, until its cover was ripped and the pages were falling out. It gave me a second opinion on my doctor’s advice; and it was a voice of reason that calmed my worry-bugs in the middle of the night and (thankfully) skipped the medical jargon in favor of plain English. If you know someone experiencing divorce (another of life’s major transitions), Henry Gornbein’s new book, Divorce Demystified is a must-read.

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Tough is the New Normal for Post-Divorce IRA Transfers
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Authored by , re: Family & Divorce, LAW RELATED ARTICLES, on .
 Tough is the New Normal for Post-Divorce IRA Transfers | Jacqueline Roessler

{4:50 minutes to read} Although IRS rules on IRA transfers between ex-spouses pursuant to divorce haven’t changed, the practical application of those rules by IRA custodians has evolved dramatically in recent years. The unfortunate result for divorcing couples includes delayed transfers, increased frustration and, in some cases, unanticipated professional fees to untangle the mess. Pursuant to IRC 408(d)6, IRA transfers incident to divorce and pursuant to a Court-ordered decree are a non-taxable event for the owner spouse and the recipient spouse.

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Stereotypical Perceptions of Women in Divorce Settlements Need to Change!
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Authored by , re: Family & Divorce, LAW RELATED ARTICLES, on .
Stereotypical Perceptions of Women in Divorce Settlements Need to Change | Jacqueline Roessler

{2:30 minutes to read} There's a very negative connotation against women trying to get a fair and equitable divorce settlement - without being labeled as greedy. Often in high-profile divorces, we see a pattern projected by the media that is not in favor of the wife. How many times have we seen the wife described with these words:

“She took this amount of money from him in a settlement.”

“He lost “x dollars” to her.”

“She wants more than her fair share.”

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Bother Divorce Clients with the Details! They’ll Thank You!
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Bother Divorce Clients with the Details They’ll Thank You | Jacqueline Roessler

{2:31 minutes to read} Clients want you to get into the nitty gritty. Recently, I spent half an hour on the phone talking with a woman about the details of a pending QDRO. We discussed the differences between electing a Single Life Annuity versus a Joint & Survivor Annuity on a defined benefit plan. I explained the “quirks” of the particular plan being divided as well as the limitations imposed by the Plan Administrator.

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Bother Divorce Clients with the Details! They’ll Thank You!
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Authored by , re: Family & Divorce, FINANCIAL ARTICLES, on .
Bother Divorce Clients with the Details! They’ll Thank You! | Jacqueline Roessler

{2:31 minutes to read} Clients want you to get into the nitty gritty. Recently, I spent half an hour on the phone talking with a woman about the details of a pending QDRO. We discussed the differences between electing a Single Life Annuity versus a Joint & Survivor Annuity on a defined benefit plan. I explained the “quirks” of the particular plan being divided as well as the limitations imposed by the Plan Administrator. We talked about survivor benefit choices and the risk that would accompany putting off getting the Order prepared and entered. Was she a trained actuary? No.

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50 Shades of Gray Divorce
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50 Shades of Gray Divorce | Jacqueline Roessler

{4:10 minutes to read} ‘Gray divorce’ cases raise new financial questions for their attorneys.

A recent Bowling Green University study reported that an astonishing 25% of all new divorce cases filed are by those age 55 and older. Is this the result of changing attitudes towards marriage and monogamy amongst the so-called “Baby Boomer” generation? Regardless of the reason, family law practitioners need to sharpen the tools in their toolbox to handle some of the particular financial issues affecting gray divorce.

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Why Can’t I Just Use the Company Provided QDRO Model? Avoiding the Cookie-Cutter QDRO Route
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Authored by , re: Family & Divorce, FINANCIAL ARTICLES, Financial Planning & Insurance, on .
Why Can’t I Just Use the Company Provided QDRO Model? Avoiding the Cookie-Cutter QDRO Route | Jacqueline Roessler

There are two main reasons not to use QDRO models: Technical limitations and QDROs that don’t comply with the intent of the parties.

While some companies do self-administer their qualified retirement plans, an ever-increasing number have chosen to turn over administration to an outside third-party. In fact, quite often, the task of reviewing and accepting or rejecting Qualified Domestic Relations Orders (QDROs) falls within the exclusive domain of the outside administrator.

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Don’t Hold a Ticking Time Bomb! Enter a QDRO Before Your Client Loses Awarded Benefits
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Don’t Hold a Ticking Time Bomb! Enter a QDRO Before Your Client Loses Awarded Benefits | Jacki Roessler

{Read this article in 3.5 minutes} In our office, every Qualified Domestic Relations Order (QDRO) request that comes in our door is treated as a time sensitive “hot-potato.” If the owner of the retirement account dies, remarries or retires, the ex-spouse could receive significantly limited (or no) benefits, regardless of what their Judgment of Divorce (JOD) awarded. Look at this example:

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Divorce and College Costs: Can the Kids Force Parents to Pay?
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Authored by , re: Asset Management, Family & Divorce, FINANCIAL ARTICLES, Financial Planning & Insurance, on .
Divorce and College Costs: Can the Kids Force Parents to Pay? | Jacqueline Roessler

According to Aristotle, “education is the best provision for life’s journey.” Most would agree that a college education is a required stop on the path to financial security. However, most states don’t factor costs for higher education into Child Support formulas. In general, support continues until the children reach the legal age of majority or slightly longer if the children are still in high school.

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