When your spouse passes away, you don't have to struggle financially
November 26, 2018
In March 2013, Ginny McKinney and her husband, Dan, were shopping for a camper to pursue their dream of traveling to great golf courses around the country. Then Dan died of a heart attack. He was 62 years old and she was 59.
“It was devastating. Grief is like an onion. You have the initial shock of the loss itself, but then it keeps going deeper and deeper,” Ginny says.
And in Ginny’s case, the emotional challenges were compounded by financial setbacks.
Just four months before Dan died, Ginny had cut down to part-time hours at... Read More
- Almost half of Americans say their spouses or significant others do not know how much they spend during the holiday season.
- In some cases, shoppers are purposely keeping their spouse in the dark.
- Holiday overspending can trigger relationship and financial problems.
Laura Galligan | @GalliganLaura
Published November 29, 2018 CNBC.com
For many consumers, the real magic of the holiday season is the sleight of hand it takes to hide overspending from their spouse.
Almost half of Americans say their spouses or significant others do not know how much they spend during the holiday season, according to a new survey of 1,000 U.S. adults from SwagBucks.com .
Another survey,... Read More
Carmen Reinicke | @csreinicke
Published 11:43 AM ET Fri, 10 Aug 2018 Updated 12:03 PM ET Fri, 10 Aug 2018 CNBC.com
- Some states require parents to address how they will pay for college in divorce decrees.
- Regardless of your home state's rules, experts say that divorcing parents should work out an agreement about college for their children.
- Divorce and remarrying can have an impact on financial aid eligibility, and some schools will require financial information from both parents.
- Bird nesting, whereby divorced or separated parents let their children stay in the same home while they take turns living in it, is getting mainstream attention.
- The arrangement, which is portrayed in a new sitcom, holds real-life pros and cons for former couples who try it.
- Financial experts urge families to keep lines of communication open and to put an expiration date on any such living arrangement in order to make it work.
Lorie Konish | @LorieKonish
Published 10:30 AM ET Mon, 16 April 2018 CNBC.com
Source: ABC Jenna Fischer and Oliver Hudson from the show "Splitting Up Together"
Where to live following a... Read More
In this article published in Bloomberg News, Lili Vasileff contributes to a discussion of the state of information sharing in marriages -- especially when it comes to financial details. Lili says, ‘‘Most couples don’t share fully financial details about private accounts, the nature of investments, or the amount of savings."
By Suzanne Woolley
Published in Bloomberg News, August 31, 2016
Trust of politicians in America seems to have reached a new low in this election season.
But who would have guessed how little trust exists across the kitchen table?
Many American couples don’t share even basic financial details of their retirement savings account, beyond the fact that they have one. Twenty-one percent of couples either married... Read More
Lili Vasileff is quoted in a recent article by Angela Moore for Market Watch on why older couples are deciding to divorce in record numbers. Lili says, “What’s pushing gray divorce is people are living longer and they feel more entitled to living fully. They’ve contributed to raising children, they want an emotional journey, it’s their time now. They may have decades ahead and don’t want to be unhappy anymore.”
When ‘until death do us part’ sounds like agony
By Angela Moore for Market Watch - March 13, 2017
Looking ahead to the next phase of life can seem pretty dreadful if you can’t stand the person who you’ll be spending it with.
That may be what some boomers are facing.... Read More
Listen to Mandy Walker interview Lili on Blog Talk Radio
Nobody likes to talk about their debts and it's often the hardest part of negotiations in divorce.
Too often, one spouse didn't realize the extent of the debt or perhaps there's always been conflict because one party is a spender and the other is a saver. Perhaps both spouses knew about the debt but didn't really pay attention to it because, well, life was grand, the money was coming in, and borrowing for a second car or a vacation was part of the plan. It was all going to work out.
But then it doesn't work out and divorce happens. That means you... Read More