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I'm currently going through a QDRO to distribute my former
Hello, I'm currently going through a QDRO to distribute my former spouses retirement plan. … read more
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can you answer a question regarding CalPERS retired death benefits? I'm starting to get monthly payments and I'm trying to figure out if there is a way to invest them in some retirement account and/or… read more
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I need help figuring out the tax impact of a QDRO to my
I need help figuring out the tax impact of a QDRO to my ex-wife as a result of a divorce settlement. … read more
Lev
Lev
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I live in NJ and recently got divorced and a qdro is being
I live in NJ and recently got divorced and a qdro is being processed. I would like the lump sum payment and my tax bracket is currently 4 with 3 minor children and will file as head of household for c… read more
Chad EA, CDFA®, CFP®
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I am a retired (since 2017, age 55) man getting divorce in
I am a retired (since 2017, age 55) man getting divorce in Texas and I am living off my IRA and 401k. My wife still works and also have a 401k. I have done very well the last year in the stock market.… read more
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I have been married for 29 yrs and my husband has asked for
I have been married for 29 yrs and my husband has asked for a divirce he is having a affair. He is giving me a portion of his 401k Will there be taxes taken out. I am almost 54 and have been a homemak… read more
Robin D.
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I recently paid my former spouse about $24k as a lump sum
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Will i have to pay taxes on money i received from an annuity
will i have to pay taxes on money i received from an annuity with both a lump sum payout or a onthly payout? … read more
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Company pension plan has choices of lump sum or annuity -.
Company pension plan has choices of lump sum or annuity for life-long. If one chose annuity but before beginning receiving benefit, his/her long-term marriage ended. Will the beneficiary still be elig… read more
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So im disabled and have a long term disability plan which im
So im disabled and have a long term disability plan which im being offerd a lump sum payout. Need to figure out what my tax liability is.… read more
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Samuel II answered my question if there was tax on lump sum
Samuel II answered my question if there was tax on lump sum spousal payments as no - but he called it something different. I read that it is taxable. Can you please tell me how to make it not taxable.… read more
Lane
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My former employer will be offering a choice between receiving
My former employer will be offering a choice between receiving my pension in lump sum or monthly annuity payments. I believe that if I take the lump sum option my income tax liability will be much hig… read more
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My wife just inherited a retirement account from her dad. They
My wife just inherited a retirement account from her dad. They offored a lump sum settlement or payments. What are the tax liabilities of each form of payment. She also recieved apx $20,000 in life in… read more
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This question is about annuities. My wife is a co-claimant
This question is about annuities. My wife is a co-claimant on her deceased mother's annuity. The annuity provides my wife with $90,507 in taxable income and $41,367 in nontaxable income. My wife has t… read more
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MY WIFE'S DIVORCE LAWYER CAME UP WITH A TAX IMPACT RATE OF 38% (NO CALCUATIONS SHOWN) FOR HER NYS TEACHERS RETIREMENT SYSTEM PENSION. THE ESTIMATED VALUE OF HER PENSION IS APPROX $450K. SHE'S 56 NOW B… read more
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The income I receive from my police pension is exactly ...
The income I receive from my police pension is exactly half of the amount reported on my 1099R form. This is due to a divorce settlement with my ex spouse. The city of Sioux Falls is legally exempt fr… read more
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I currently participate in a company sponsored Restoration ...
I currently participate in a company sponsored “Restoration Plan” (deferred comp). Upon termination or change of control I have two options for disbursement of total dollars contributed and accumulate… read more
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As part of my divorce agreement, I had to give my ex-wife ...
As part of my divorce agreement, I had to give my ex-wife $20,000. I claimed it as alimony but the IRS said I couldn't. Can I claim it as another deduction ? I retired from the fire department and rec… read more
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