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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.
It used to be that retiring with $1 million in savings was considered the standard. This amount ensured that your savings would last for the length of your retirement. But for millennials, that ...
The Uniformed Services Former Spouses' Protection Act (or USFSPA) is a U.S. federal law enacted on September 8, 1982 to address issues that arise when a member of the military divorces, and primarily concerns jointly-earned marital property consisting of benefits earned during marriage and while one of the spouses (or both) is a military service member.
The Supreme Court of California halted that process and later declared the marriages void. Regardless, four separate groups began petition drives to amend the California Constitution to prevent same-sex marriage and repeal domestic-partnership rights. The renewed efforts peaked in 2005, but have continued since. These groups have filed a total ...
The minimum withdrawal age for a traditional 401 (k) is technically 59½. That’s the age that unlocks penalty-free withdrawals. You can withdraw money from your 401 (k) before 59½, but it’s ...
California, ever the pioneer, was the first state to legalize no-fault divorce in 1969. Other states followed suit — New York, the last, in 2010, about two whole generations later.
Lenore Weitzman's 1985 book The Divorce Revolution, using data from California in 1977-78, reported that one year after divorce, the standard of living for women declined 73%, compared with an increase of 42% for men. Richard Peterson calls Weitzman's methodology into question, using the same data to calculate a 27% decrease for women and a 10% ...
A 2021 study from The Journals of Gerontology finds that women 50 and older who divorce experience a 45% decline in their standard of living, compared to 21% for men, and Pew finds they are more ...
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