05.31.2022 - QDRO
Investor Type
Pre-Retiree (Age 51-65)
Retiree (Age 65+)
Session added for
Both
A Solution for Large 401(k)s: The In Marriage QDRO®
Presented by Marcus Foote and Stephanie Prestridge
The In Marriage QDRO® incorporates the ability of spouses to contract under state domestic relations law with the enforcement mechanism of a Qualified Domestic Relations Order (QDRO) under federal law. The presentation will feature the pioneer of In Marriage QDRO, Marcus Foote, Esq., providing an overview of the statutory and jurisprudential authorities allowing for an In Marriage QDRO® (IMQ), then get into the most common applications. These applications include delaying RMDs by transferring funds to a much younger spouse, saving a pension in Long Term Health Planning and asset diversification by removing 401k funds to a privately managed IRA account ahead of retirement.
Attendees Comments:
Here are comments from listeners:
I had no idea that a QDRO did not have to be incident to divorce. Very interesting strategy.
- Jeffrey
Interesting, in marriage QDRO to avoid 10% penalty, had never heard of this, limited in application, but good to know.
- Marian
This entire 'concept' is new to me. I will be sharing it with selected clients (and some relatives) who I feel may benefit from the QDRO approach.
- Kevin
I had no idea that a QDRO did not have to be incident to divorce. Very interesting strategy.
- Jeffrey
Interesting, in marriage QDRO to avoid 10% penalty, had never heard of this, limited in application, but good to know.
- Marian
This entire 'concept' is new to me. I will be sharing it with selected clients (and some relatives) who I feel may benefit from the QDRO approach.
- Kevin
(No subject)
I had no idea that a QDRO did not have to be incident to divorce. Very interesting strategy.
- Jeffrey
Interesting, in marriage QDRO to avoid 10% penalty, had never heard of this, limited in application, but good to know.
- Marian
This entire 'concept' is new to me. I will be sharing it with selected clients (and some relatives) who I feel may benefit from the QDRO approach.
- Kevin