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Author: redhed Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121169  
Subject: Re: A Foolish Endeavor ... Date: 2/21/2000 4:08 AM
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Roy,

Thank you for all the information. I have printed your post and am giving it to my attorney to investigate.

However, I need some clarification on the QDRO: You said, "Speak to your attorney about a Qualified Domestic Relations Order. If done correctly, the appropriate amount of the 401k can be transferred to your IRA type account. No taxes or penalties to you until you remove the funds."

Then, in response to "If I take it as a lump sum property settlement, will it be taxed?", you said, "And...it'll be taxed to HIM .. So his attorney isn't going to love that." and "Unless the funds are transferred under a QDRO, he'll get hit with the taxes." and "Then speak to your attorney about a QDRO. You'll be glad that you did."

Following this line of reasoning, wouldn't I WANT it to be taxed to him? Therefore, would I still want to have the funds transferred under a QDRO"? If I have to pay the taxes under a QDRO, what are the advantages of transferring the funds under one?

Once again, many thanks for your help.

regards, redhed

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