This form of spousal support is specifically designed to benefit any biological or adopted children of the ex-spouse. It cannot be required to pay for stepchildren unless the ex-spouse adopted the stepchild. It is paid directly to the custodial parent and not to the child. Certain events pert...
“If you love the investment options in your former employer’s plan and you know you’re not paying high fees, then it’s worth comparing them against your own IRA,” Krueger said. If your 401(k) plan’s fees are higher than your own IRA’s charges, you might opt to roll over ...
Permanent alimony: This type of spousal support lasts until the death of either spouse or until the payee gets remarried. Reimbursement alimony: This type of alimony is for spouses who made significant sacrifices to advance the other spouse’s life. This can include paying for the spouse’s ...
The Cheapest Places to Retire Abroad Here’s where you can retire well overseas on a very small budget. Kathleen PeddicordFeb. 12, 2025 Social Security With Spousal Benefits Spousal Social Security benefits can be complex, but understanding them can help maximize your retirement income. Rachel ...
If you are the one who ended up paying spousal support, you canfile a petitionto change the court order. You need to protect yourself financially during separation, even after the divorce has been completed. There are times when exes try to get more even after everything is settled. It is...
Spousal Benefits Some states offertax reductions for widowsand widowers, such as a reduction in property taxes for a certain period of time. For example, in Florida, surviving spouses are entitled to receive a reduction in the taxable value of a property they own by $500 each year, in perpe...
Another reason that an account might be exempted from tax is when it is considered spousal asset. If the account is garnished, you may be eligible for the exemption on spousal property. It is in the name of two people who are married. ...
Domestic Support Obligations — This type of debt includes court-ordered child support payments, alimony, and spousal support. Student Loans — It is possible for these loans to be discharged under certain circumstances. The debtor must prove undue hardship in order to have these loans discharged ...
Usually, women who go to ask for spousal support and that sort of thing are well looked-after. But when someone is attacked in the street, it’s a different story... I know that if I was ever assaulted, I wouldn’t go and report it. I would do whatever I had to do to defend ...
For younger workers, financial goals such as paying down debt or building an emergency fund may cut into money available for retirement savings. How should savers allocate to their 401(k) while addressing other financial priorities? "There is no one-answer-fits-all to this question," said Lisa...