Q. Brittany L. of Michigan asks: "Why do I need a Pension Evaluation?"
A. Brett, from the QDRO Department of Pension Evaluators & QDROS Of Troyan, Inc Associates Group replies: "If you have filed for divorce or are only in the process, you need to protect your financial future! Most often, a Pension Evaluation is used to compare the value of a pension against the value of other marital assets like the equity in the marital home or a 401(k), for example.
Another common reason for obtaining a Pension Evaluation is to compare retirement benefits, such as, which age to retire or which form of benefit to you want to elect - such as survivor annuity, single life annuity or lump sum. The election you choose will affect the amount and duration of your pension benefit payments."
Brett Disdale
Lead QDRO Consultant