IRS Guidance on Retirement Plan Qualified Birth or Adoption Distributions

The Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE Act”) established a new in-service distribution known as a qualified birth or adoption distribution (“QBOAD”). Generally, a QBOAD is any distribution of up to $5,000 from an “eligible retirement plan” (other than a defined benefit plan), made to an individual during the one-year …

Divorce Time Traps: Can I Lose the Rights the Judge Gave Me in my Divorce?

Many people assume once they are divorced and a Judge has entered an Order that the terms of that Order are binding and never end.  Under certain circumstances, this is not true. There are several situations where a judge may modify a “final” divorce order.  The modifications that can occur are discussed under Tennessee law, …