What is a QDRO?

Serafini, Michalowski, Derkacz & Associates

A qualified domestic relations order, or QDRO, is a court order that allows the transfer of funds from a 401(k), or other qualified retirement account, to a spouse, pursuant to a judgment of divorce. A QDRO is one of the few instances that money can be withdrawn from a 401(k), without paying an early withdrawal penalty.

If the money is withdrawn and deposited into a bank account, or other non-retirement account, it will be taxed as income; however, if it is rolled into an individual retirement account, then it will not be taxed.

For more information regarding QDRO’s, contact our office at (586) 264-3756.

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