Episode Summary:
Attorney Rhett Burney breaks down the complex process of dividing retirement assets during divorce in South Carolina. Learn about marital vs non-marital portions of retirement accounts, tax implications, and how Qualified Domestic Relations Orders (QDROs) work. This episode provides valuable insights into handling 401(k)s, IRAs, pensions, and other retirement assets during divorce proceedings.
Key Timestamps:
00:00 - Introduction
00:33 - How retirement assets are treated in SC divorce
00:59 - Pre-marriage vs. during-marriage retirement funds
03:49 - Understanding QDROs and tax implications
07:22 - Military/government pensions
09:31 - Different types of retirement accounts
12:25 - Market fluctuations impact on retirement division
16:03 - Timing and valuation of asset division
About The Show:
“Off The Record” is a legal podcast that delivers straightforward insights into family law matters. Each episode features practical legal knowledge and expert guidance for navigating complex legal situations.
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