QDRO

When you’re finalizing your divorce, you may think everything is settled once the judge signs the agreement. But if you’re dividing retirement accounts, you’ll likely need one more step: a Qualified Domestic Relations Order, or QDRO (pronounced “quad-ro”). What a QDRO Actually Does A QDRO is separate from your divorce judgment and plays a key role in making sure the division of retirement accounts is recognized and processed properly. Think of a QDRO like the title to a car. If you’re awarded a vehicle in the divorce, the judgment gives you ownership, but you still have to re-title it at the DMV. The same is true for retirement plans. A QDRO acts as the legal document that transfers part of a retirement account, such as…