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Dear Penny, I’ve been married for 42 years and worked throughout those years. To my surprise, my husband has been planning a divorce to coincide with his retirement (I have notes in his writing).
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.
To be sure, the number of 401(k) millionaires — people with at least $1 million in their retirement accounts — has recently surged to a new record, thanks to gains in the stock market ...
Thanks. Once you are over the age of 65, there isn't enough time for your money to grow by a significant amount before you'll need to use it. While there should be some portion of growth stocks ...
Grey divorce[1] is the demographic trend of an increasing divorce rate for older ("grey-haired") couples in long-lasting marriages, typically used for people over 50. The divorcing people may be called silver splitters. [2] Divorcing late in life can cause financial difficulties. Former American vice-presidential couple Tipper and Al Gore 's ...
Retirement plans in the United States. Average balances of retirement accounts, for households having such accounts, exceed median net worth across all age groups. For those 65 and over, 11.6% of retirement accounts have balances of at least $1 million, more than twice that of the $407,581 average (shown). Those 65 and over have a median net ...
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