Guest jusducki Posted June 26, 2007 Posted June 26, 2007 An alternate payee for a QDRO is going to take her payment in cash - I can't remember - is this a code 2, waiving the 10% penalty? Thanks.
Appleby Posted June 26, 2007 Posted June 26, 2007 Code 2 ...if under age 59 1/2. Code 7, if 59 1/2 or older ...assuming you mean from a qualified plan, 403(b)...I dont think you would, but some individuals do use QDRO to refer to divorce decree for IRAs.. Life and Death Planning for Retirement Benefits by Natalie B. Choatehttps://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/ www.DeniseAppleby.com
Appleby Posted June 27, 2007 Posted June 27, 2007 Jus, here is a link that may help http://benefitslink.com/boards/index.php?showtopic=27439 Life and Death Planning for Retirement Benefits by Natalie B. Choatehttps://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/ www.DeniseAppleby.com
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