05/27/2021
At QDRO Solutions, we strive to answer all of our customers questions and explain the QDRO process.
In the second part of our series in which we answer some of the most common questions we receive about QDROs and the process, we will address the different types of retirement accounts that can be divided by QDROs. Please like and follow our page to make sure you are up to date with the latest QDRO Solutions Information!
Which types of retirement accounts can be divided by a QDRO?
There are many kinds of QDRO's and some have different names. The generic name, QDRO, which stands for Qualified Domestic Relations Order, is used for all of them in this document. QDRO's, or their equivalent, can divide Individual Retirement Accounts, 401(K)'s, Thrift Savings Plans, Individual Retirement Plans, private pension plans, Civil Service pension plans, state and other government retirement plans, military retirements, and railroad retirements.
Due to all of the possible variations, QDRO's require the assistance of an experienced attorney and staff (as opposed to a financial planner, accountant, other non-lawyer, or an inexperienced attorney) to draft them. Each plan has an "Administrator" with whom we work directly (with minor exceptions) to obtain pre-approval of the Order we draft for you.
Call QDRO Solutions today by dialing 843-224-5720. You can also send a text to 843-577-9890 or an email to [email protected].