Half of widows see their income drop by 50%
When your spouse passes away, you don’t have to struggle financially Julie HalpertNovember 26, 2018considerable.com In March 2013, Ginny McKinney and her husband,
Widows see their income drop by 50% – don’t be one of them
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.
Divorce Is Becoming a Tax Strategy Game
November 30, 2018 by Lili A. Vasileff, CFP, MAFF, CDFA As professionals, we must consider how to address the ripple effect of the repeal of
Is Divorce Becoming a Tax Strategy Game?
As professionals, we must consider how to address the ripple effect of the repeal of the alimony tax deduction and other uncertainties in the new tax law. Divorce has become a tax strategy game with no clear direction.
Many couples who are racing to divorce in 2018 may be surprised to learn that even though the tax character of alimony remains unchanged in 2018 and will be grandfathered, other changes in personal and business income taxes will absolutely impact their financial outcomes. Clearly, the spectrum of changes in the “Tax Cuts and Jobs Act” (H.R. 1) for individuals ranges from tax brackets, deductions, and tax credits to tax shelters.
Many people don’t know what their spouse spends on holiday shopping
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
Secret Santa: what spouses spend on holiday shopping
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 .
December is expected to be a busy month for the nation’s divorce courts. The tax overhaul enacted late last year eliminated the deduction for alimony, but unlike most provisions in the law, this one doesn’t take effect until 2019.
Baby boomers are divorcing at a stunning rate
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. Among U.S. adults ages 50 and older, the divorce rate has roughly doubled since the 1990s, according to a Pew Research Center report. Statistically speaking we’re healthier and probably going to be living a lot longer — possibly 30 years longer — than average retirees once did.
This is why baby boomers are divorcing at a stunning rate
When ‘until death do us part’ sounds like agony(Courtesy Everett Collection) Published: Oct 20, 2018 10:59 a.m. ETBy ANGELA MOORE, SENIOR EDITOR Looking ahead to
Getting divorced? How will you pay for kids’ college
Divorce throws a wrench in many long-term plans, from savings to retirement and beyond. If you’re divorcing and have children, even if they are young, you should also consider the impact the end of your marriage will have on their college plans.
Some states require divorcing couples to address how they will pay for their children\’s college education in their divorce papers. The clause does not require that one or both parents pay for college, but that they come to an agreement about what contributions they will make to higher education for their offspring.
