EPIC Retirement Plan Services
Plumbers Local Union No. 1 Benefit Funds
Hochheiser Deutsch & Co, Inc.
Trucker Huss, A Professional Corporation
Nicholas Pension Consultants
ERISA Services, Inc.
Carpenter Morse Group
Loren D. Stark Company
Bates & Company
Farmer & Betts, Inc.
RTD Financial Advisors
Kentucky Trust Company
Retirement Plan Consultants
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|IRA Distribution Incident to Divorce|
BenefitsLink Message Boards
Nov. 30, 2021
"H and W divorce. Both are under 59 1/2. H is awarded $11,000 from W's IRA. He does not intend to roll it over. An Order Transferring IRA Incident to Divorce (similar to a QDRO) is drafted, signed by H and W and approved by the court. If this were a distribution from a qualified plan under a QDRO, H would include the distribution in his income but would not be subject to the 10% early withdrawal penalty. Question: Is H subject to the penalty tax here?"
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