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taybubby
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Reged: 02/17/10
Posts: 4
Retirenment..How long does it take ti cash out?
      #642568 - 03/18/10 12:20 PM

My divorce will be final in April. I was awarded half my husnamds retirenmet. I will have to cash it out for finacial reasons, I was wondering how long after the divorce does it take before I have access to the money? Thanks

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d2njti
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Reged: 03/05/08
Posts: 187
Re: Retirenment..How long does it take ti cash out? [Re: taybubby]
      #642677 - 03/18/10 03:04 PM

Dividing retirement benefits requires filing a QDRO. The document must be approved by the trustee of the retirement account then filed with the court. After that the trustee can distribute funds. Minimum is a month or two, and it is not uncommon to drag on for more than a year. If you can get the trustee to review the QDRO ahead of the final MSA, that would help a lot. They may not be willing though.

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philivey
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Reged: 11/10/09
Posts: 126
Re: Retirenment..How long does it take ti cash out? [Re: d2njti]
      #663132 - 05/25/10 11:16 AM

is the trustee her ex-husband?

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