What is QDRO in divorce? And, what you need it?
A QDRO is a court order that judges use to split up certain types of retirement plans, like a 401(k), into two equal parts for a divorcing couple. Not every retirement plan, however.
You’ll usually need to get a QDRO if you and your spouse share the following financial retirement plans:
A private pension plan.
A 401(k) plan.
A 403(b) plan.
A 457 plan.
Employee stock ownership plans (known as ESOPs).
A defined benefit plan.
Generally, a QDRO is created to make sure both parties in a couple get equal shares of money from the retirement benefits they’ve accumulated throughout their marriage.
To read more, see here.