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  2. I'm Getting Divorced This Year at 55 With $800k in a 401(k ...

    www.aol.com/im-getting-divorced-55-800k...

    Typically, you will keep that $300,000. The remaining $500,000 might be considered a marital asset and be distributed between you and your spouse. You might then agree to split that money 50/50 ...

  3. I Lost My Retirement Savings in a Divorce: Here’s How ... - AOL

    www.aol.com/lost-retirement-savings-divorce-made...

    Turns out, the price was $60,000 out of a roughly $200,000 retirement fund. During their marriage, Violet had been diligently putting 5% of her paycheck into her retirement fund, which her ...

  4. How to Approach Divorce and Retirement and Protect Your ... - AOL

    www.aol.com/finance/approach-divorce-retirement...

    We’ll start with the bad news: Divorce rates for people in their 50s have doubled since the 1990s. And a recent study from the Center for Retirement Research at Boston College found that divorce ...

  5. 401(k) - Wikipedia

    en.wikipedia.org/wiki/401(k)

    In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer. This legal option is what makes 401 (k) plans ...

  6. Cash balance plan - Wikipedia

    en.wikipedia.org/wiki/Cash_balance_plan

    Cash balance plan. A cash balance plan is a defined benefit retirement plan that maintains hypothetical individual employee accounts like a defined contribution plan. The hypothetical nature of the individual accounts was crucial in the early adoption of such plans because it enabled conversion of traditional plans without declaring a plan ...

  7. Thrift Savings Plan - Wikipedia

    en.wikipedia.org/wiki/Thrift_Savings_Plan

    The Thrift Savings Plan ( TSP) is a defined contribution plan for United States civil service employees and retirees as well as for members of the uniformed services. As of December 31, 2021, TSP has approximately 6.5 million participants (of which approximately 3.9 million are actively participating through payroll deductions), and more than ...

  8. 403(b) Accounts Explained: What They Are and How They ... - AOL

    www.aol.com/finance/403-b-accounts-explained...

    403(b) Plan. 401(k) Plan. Eligibility. Work for a nonprofit or government entity. Work for any private employer. Contribution Limits. $22,500 per year in 2023, plus an additional $3,000 per year ...

  9. Qualified domestic relations order - Wikipedia

    en.wikipedia.org/wiki/Qualified_domestic...

    A qualified domestic relations order (or QDRO, pronounced "cue-dro" or "qua-dro"), is a judicial order in the United States, entered as part of a property division in a divorce or legal separation that splits a retirement plan or pension plan by recognizing joint marital ownership interests in the plan, specifically the former spouse's interest in that spouse's share of the asset.

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