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A qualified domestic relations order (or QDRO, pronounced "cue-dro" or "qua-dro"), is a judicial order in the United States, entered as part of a property division in a divorce or legal separation that splits a retirement plan or pension plan by recognizing joint marital ownership interests in the plan, specifically the former spouse's interest in that spouse's share of the asset. A QDRO's ...
New York Life Insurance Company first opened in Manhattan 's Financial District as Nautilus Mutual Life in 1841, 10 years after the first life insurance charter was granted in the United States. [8] [9] Originally chartered in 1841, the company also sold fire and marine insurance. [10] The company's first president, James De Peyster Ogden, was appointed in 1845. [11] Nautilus renamed itself ...
Personal finance. Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.
Learn the ins and outs of 401(k) withdrawals and potential penalties before making any moves with your retirement money.
Is contributing to a variable universal life insurance policy a good idea? I’m 39 with a $310,000 annual income. I have $550,000 in a 401(k), $13,000 in an HSA, $25,000 in cash savings and a ...
Nearly half of Gen Xers say their retirement savings are behind schedule, according to a new survey.
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