IDFA Online Learning
One Sentence to Divide a Pension is not Enough - What CDFAs Need to Know to Protect the Rights and Entitlements of their Clients
Recorded On: 11/21/2023
CDFAs are frequently brought onto a case to help provide options and scenarios for dividing retirement accounts. Many times though, the clients and their attorneys do not even know what type of accounts the clients have. Imagine being divorced and hiring someone to do the QDRO only to find out that the plan is non-qualified and it cannot be divided by a QDRO. Or, that only one sentence was used to divide the parties’ biggest asset - a pension - and none of the ancillary benefits were addressed? That agreement contained twice as much language dividing the parties’ wedding china than it did for the pension.
This webinar, led by Certified QDRO Specialist™, Diane Pappas, will cover many of the mistakes made when verifying and dividing different types of retirement plans. We will cover both qualified and nonqualified plans for both defined contribution and defined benefit plans, as well as addressing some common issues with state pensions. Marital coverture fraction for defined benefit plans will be demystified. Pros and cons for the equalizing of multiple accounts and a brief review of when to do a pension valuation will also be covered. Sample language will also be provided.
Diane C. Pappas (Moderator)
Solutions For Divorce LLC
Diane C Pappas is a Certified Divorce Financial Analyst®, Certified QDRO Specialist™, Certified Mediator, Collaboratively-trained Financial Neutral, and a Registered Investment Advisor licensed in MA to provide financial planning and investment advice.
Diane is the Principal and Founder of Solutions For Divorce LLC, a boutique, fee-only divorce financial planning firm that works with couples and individuals helping them resolve the tax and financial issues of their divorce. Drawing on over 30 years of life and work experience, she specializes in helping clients, attorneys and mediators fully understand and resolve the financial complexities encountered during the divorce process. Diane also works with clients as their mediator, educating her clients financially so they can make informed decisions during the mediation process. She completes the divorce process by preparing the legal documents needed to divide Employer-sponsored retirement plans, private pension plans, MA State pension plans, and military and Federal Employee plans.
Diane C Pappas, email@example.com, 978-833-6144