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Is a QDRO something I can do myself? Answer: No, because a QDRO (Qualified Domestic Relations Order) is technical and legal document that is not easy to draw up. If a 401k plan is divided incorrectly, the parties could get hit with a big (unnecessary) tax bill. Be sure to let your attorney draw up the QDRO as part of the divorce settlement. This is for educational purposes only. The information provided here is intended to help you understand the general issue and does not constitute any tax, investment or legal advice. Consult your financial, tax or legal advisor regarding your own unique situation and your company's benefits representative for rules specific to your plan. |
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