AdKu Posted April 9, 2018 Posted April 9, 2018 Is there any issue to make a QDRO Distribution to Ex-spouse in the form of Partial Lump Sum in Cash and the remaining amount as a Direct Rollover? It is my understanding that there is not going to be the 10% tax penalty for a QDRO distribution under age 59 1/2 if it is made from a qualified plan unlike if it was from IRA.
ERISAAPPLE Posted April 9, 2018 Posted April 9, 2018 Make sure the plan allows for the immediate distribution and the QDRO does too. Other than that, I can't even begin to see why there would be an issue.
Larry Starr Posted April 9, 2018 Posted April 9, 2018 Simple; not an issue. Perfectly allowable. Lawrence C. Starr, FLMI, CLU, CEBS, CPC, ChFC, EA, ATA, QPFC President Qualified Plan Consultants, Inc. 46 Daggett Drive West Springfield, MA 01089 413-736-2066 larrystarr@qpc-inc.com
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