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I'm sorry to say that I'm going thru a divorce at this time. The only thing positive about it is that my wife has to share her retirement 401k with me. My question is this...How can I avoid taxes on this and where can the money be transfered and in to what kind of retirement vehicle which allows me to trade in? Has any one of you gone thru this mess? Thanks
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Sorry to hear about the divorce. The best move is for your lawyer & her lawyer to agree on a QDRO (qualified domestic relations order) and have a judge sign it. The QDRO is presented to the plan administrator of your wife's 401(k) plan & he is obligated to essentially segregate your wife's account into "hers" & "his" and make you an account holder. Then you can do a lump-sum distribution to the rollover IRA of your choice. Not one penny of tax is due.

TheBadger


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