Sentences with phrase «dividing qualified plans»

Likewise, dividing qualified plans such as 401 (k) s, Defined Benefit plans, or pension plans requires a qualified domestic relations order (QDRO).

Not exact matches

After seeking the guidance of a qualified attorney who is knowledgeable about relevant state laws to dividing assets, you can secure a comfortable retirement nest egg by working with a divorce financial planner to assess your retirement planning options and build a sound foundation for your late - in - life finances.

A Qualified Domestic Relations Order is actually the court order that divides up a qualified retiremQualified Domestic Relations Order is actually the court order that divides up a qualified retiremqualified retirement plan.

(i) Subject to § 147.104 of this subchapter, a Federally - facilitated SHOP must use a minimum participation rate of 70 percent, calculated as the number of full - time employees accepting coverage offered by a qualified employer plus the number of full - time employees who, at the time the employer submits the SHOP group enrollment, are enrolled in coverage through another group health plan, governmental coverage (such as Medicare, Medicaid, or TRICARE), coverage sold through the individual market, or in other minimum essential coverage, divided by the number of full - time employees offered coverage.

For this reason, we propose to calculate the minimum participation rate as the number of full - time employees accepting coverage offered by the qualified employer through the SHOP plus the number of full - time employees who are enrolled in coverage through another group health plan, in governmental coverage (such as Medicare, Medicaid or TRICARE), in coverage sold through the individual market, or in other minimum essential coverage, divided by the number of full - time employees offered coverage through the SHOP.

If you do not want a child time - sharing plan that is divided 50/50 and the divorce proceedings are underway, you should seek advice from a qualified Orlando custody lawyer as soon as possible.

If you have a pension, qualified plan, or other type of retirement account that is getting divided in your divorce, than you probably need a QDRO.

If you successfully exceed that 2 %, you can deduct 3 types of fees: 1) fees you paid for tax planning (such as consultation with your CPA during your divorce to determine the best property settlement payout), 2) fees you paid to obtain taxable income (such as your attorney fees for collecting spousal support, if you are the recipient), and 3) fees you paid for securing an interest in a qualified retirement plan (such as those paid to divide your and your ex-spouse's defined contribution plans).

Considerations can include the tax status of investment and retirement accounts, dealing with encumbered (mortgaged) property, and the special legal requirements when dividing qualified retirement plans.