Divorce Settlement

Submitted by Bob Foland on Thu, 2015-03-19 17:13

My broker-dealer is telling me that a QDRO applies to IRAs as well as to qualified plans. I thought that it only applied to qualified plans and that we needed a divorce decree to enable a tax-free transfer of IRA funds from one spouse to the other. Am I wrong?



Submitted by Alan - IRA critic on Thu, 2015-03-19 17:26

A QDRO does not apply to an IRA per Sec 414(p)(9), and 401(a)(13) referred to in 414(p)(9) does not apply to IRAs either.

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