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Early closing 401K
My exhusband is closing his 401K plan early, he is 56 and needs the cash, moving out of state. According to our divorce agreement, 1/2 is mine and a QDRO is being filed. I have already spoken to a financial consultant and will roll my
1/2 into an IRA. My ex's attorney is preparing the QDRO to be filed and is charging the fee of $375 to file. My attorney is supposed to be overseeing the paperwork and is charging me $3000. Do I really need an attorney or am I being ripped off? What do I really need to do? HELP Falling |
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I may be missing something and also do not know what a QDRO is but it's your money per the divorce decree. Seems to me that you simply provide perhaps only a certified true copy of the divorce decree to the company that has his 401(k), then sign a request with your financial advisor/IRA provider that will be sent to his 401(k) provider directly them to roll over your portion of the funds to your new IRA provider. Tell me if I am missing something.
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