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I'm currently going through a divorce in Illinois. We will be doing a QDRO's to split 401K's. Are both parties required to split each 401K or do they only split the parties that has the greater amount?
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When receiving a QDRO do you have to pay taxes and do you have to pay penalty for early withdrawl?
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My husband wants a divorce. He will need to QDRO part of his 401K to me to buy me out of our house. I will need that money to get my own place. Who has to pay the early withdrawal penalties; him or me? He says there is no penalty involved for either side. Is this true? Barbara
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Divorced in 1997 and the QDRO was never qualified. Now 10 years later, my ex's attorney is trying to get this QDRO qualified. The original QDRO gave the alternate payee 1/2 of my pension benefits during our married years. Which is only fair. But since 1997, I have received significant... View more questions Search
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