Apr 9, 2019 | QDRO Articles
The Public Employees Retirement System of Nevada (PERS) is a retirement plan established for state workers. PERS was formed in 1947, substantially revised and modified in 1993, and now has 105,000 active members and 64,000 people receiving benefits, with an average...
Oct 30, 2018 | QDRO Articles
Upon divorce, retirement accounts that existed during marriage are frequently divided through a Domestic Relations Order. After a Domestic Relations Order is signed by the parties, submitted to the court for signature, and filed as an official order of the court, it...
Oct 29, 2018 | QDRO Articles
On October 18, 2018, the Nevada Supreme Court published Public Employees’ Retirement System of Nevada v. Nevada Policy Research Institute, Inc., which will mean big changes for those who are part of the Nevada Public Employees’ Retirement System (“PERS”).The Nevada...
Oct 25, 2018 | QDRO Articles
Here is a shocking statistic: Nearly half of all American families have no retirement savings at all. This is astounding, considering many of these people do not want to work when they are of retirement age. The big question is WHY? Why are there so many people who do...
Aug 22, 2018 | QDRO Articles
As a group, Americans are not particularly good at saving money. The national savings rate has hovered between 3 and 5% for the past 25 years, a far cry from the world’s better savers. Coincidentally, 3% is also the default percentage for many workers when they...
Jun 21, 2018 | QDRO Articles
Some married couples prefer to keep their finances separate during their working years. For example, one in five married keep separate bank accounts, and a third maintain their own credit cards. These couples often discover that this arrangement works less well once...