These accounts are tax-deferred or tax sheltered and include IRA, SEPs (which are Simplified Employee Pension Plans), Keoghs, ESOPs, 401(k)s, 457s and 403(b)s.

An IRA is a tax-deferred asset.

Its retirement plan.

A nonemployee accounts must be rolled over when they are distributed as part of a divorce.

Normally, an individual may begin withdrawing from a IRA at 59 1/2 and must begin withdrawals at 70 1/2.

Early withdrawal carries a 10 percent penalty, but the penalty is waived if the nonemployee transfer is related to divorce.