02-14-2013, 05:45 PM
Join Date: Feb 2013
Location: Clayton, NC
| | QDRO and 401K
For a separation/divorce how does a QDRO work?
I've got about 115k currently in my 401K
28K of it is in loans.
I'm planning to separate in the next few months. I'm looking for a new place to live now.
What are the options for the 401K?
I plan to move out and leave her the home once the streamline is completed. This will reduce the monthly payment about 300
I need to find a roommate to split an apartment with, otherwise I can not afford it
For my 401K, I heard I need a QDRO. So if I take the 115K and divide it by 2. That's 57500 she will recieve.
This QDRO stops the penalty for her correct?
Can I give her the 57500, and state she needs to give me 14K of it for 1/2 of the loans?
Can I disburse my 401K 100%, and make her give me 1/2 of that. This would allow me to obtain a place of resident's and remove any financial burdens with the divorce
And she can also do the same with her half.
I know wiping one's 401K plan is not a good option. But if it is possible it will relieve the financial burden associated with a divorce.