Sentences with phrase «dividing qualified retirement 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.

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.

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).