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Old 02-25-2016, 01:33 PM   #1
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humm Qdro

Anyone familiar with using a QDRO?
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Old 02-25-2016, 02:50 PM   #2
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Default Re: Qdro

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Anyone familiar with using a QDRO?
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Old 02-25-2016, 09:15 PM   #3
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Default Re: Qdro

You don't "use" a QDRO. It is a court order.
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Old 02-25-2016, 09:56 PM   #4
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Default Re: Qdro

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Originally Posted by LSL View Post
You don't "use" a QDRO. It is a court order.
oops..... I thought it was some product name. Sorry....
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Old 02-25-2016, 10:39 PM   #5
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Default Re: Qdro

It is a specialized order stands for a QUALIFIED DOMESTIC RELATIONS ORDER. It is how retirement benefits are divided. Spells out the ins and outs and takes care of tax and ERISA language.
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Old 02-26-2016, 05:48 AM   #6
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Default Re: Qdro

Was reading about it online,,
found out that it can be used to pay child support arrears. Has to be drawn up and approved by the 401k plan administrator. then It can be taken to the family court overseeing the child support order to be signed by the judge and submitted to pay the arrears.

Was just wondering, seems like the way to go, there are tax implications of course, but either take care of the support to avoid jail, or go to jail. With interest if you get behind on the support payment, you will never pay it off. I know CA is like the worlds worst on that.
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Old 04-15-2016, 01:32 PM   #7
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Default Re: Qdro

Who would want to use retirement accounts to pay child support?

If you have no income to pay child support, file for a reduction of child support.
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