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Learn More: One Smart Way To Grow Your Retirement Savings in 2024 “Under the law in my state, Minnesota, my ex was entitled to a significant portion of my 401k earnings during the time we had ...
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.
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 is well known that finance troubles frequently lead to divorce, but less discussed is just how much financial trouble divorce can create. For one, it can wreak havoc on your retirement savings ...
You could be eligible for some tax breaks once your divorce is finalized. Keep reading to learn about what they are and how they may apply to your situation. 7 Overlooked Tax Breaks After Divorce ...
All other property acquired during the marriage is treated as community property and is subject to division between the spouses in the event of divorce. The United States has nine community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. [1] Four other states have adopted optional ...