Tag Archives: Retirement Benefits

The Possible Impact to Employee Benefits Under the Proposed “Tax Cuts and Jobs Act”

This article was co-authored by Patrick T. Ryan and Anne Prenner Schmidt In many cases, Employee Benefit plans represent the most valuable asset accumulated during the marriage. Dividing these funds in the event of a divorce can be a complex process and often have serious tax implications. The GOP proposed tax legislation the “Tax Cuts […]

2014 Retirement Figures Released

Last week, the Internal Revenue Service (IRS) and the Social Security Administration (SSA) released 2014 figures that can impact your retirement planning. Here’s what they had to say: Social Security The withholding percentage will remain at 7.65% (Social Security or OASDI Portion will remain at 6.2% on earnings, up to the applicable maximum amount of […]

Flash Point: Court Should have Reevaluated Retirement Account when Entering QDRO

In a second appeal, the husband challenged the trial court’s finding after remand that would cause him to bear the majority of a retirement account’s loss when entering a QDRO.  In its original judgment for dissolution of marriage in 2007, the trial court evenly divided the parties’ retirement assets with one of the Husband’s plans […]