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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 ...
New York Life Insurance Company (NYLIC) is the third-largest life insurance company and the largest mutual life insurance company in the United States, and is ranked #71 on the 2023 Fortune 500 list of the largest U.S. corporations by total revenue.
With a 401(k) loan, you can generally avoid the taxes and penalties that come with an early withdrawal, and you’re typically given five years to repay what you borrow.
Rolling over a 401(k) with high-fee investments into an individual retirement account with lower-cost investment options or to your current employer’s 401(k) plan could save you big.
Founded in 1986, New York Life Investments provides investment advisory services to financial advisors and their clients. An independent subsidiary of New York Life Insurance Company, over the years New York Life Investments has added to its boutique of investment advisors.
The new retirement rules, part of the $1.7 trillion funding bill President Joe Biden is set to sign into law, will make so-called 401(k) hardship withdrawals easier.