Divorces can be pricey for anyone, but when mega-wealthy couples split, the settlements can reach the billions. Researchers at WyomingLLCAttorney.com analyzed available data to find out which divorces resulted in the highest settlements of all time, and adjusted the...
Divorce
What is a 401(k) Hardship Withdrawal From Your Massachusetts Account?
A 401(k) hardship withdrawal is a withdrawal from a 401(k) for an "immediate and heavy financial need." It is an authorized withdrawal—meaning the IRS can waive penalties—but it does not relieve you of your tax responsibilities. But before you tap your retirement...
What Could Have Saved Your Massachusetts Marriage?
Massachusetts couples in failing marriages say that in hindsight, these changes could have preserved their union. When bells ring on your wedding day, the last thing on your mind is the possibility that the union someday will end in divorce. But the sad reality is...
No. 1 Reason for Massachusetts Divorce – Isn’t Money!
Almost 690,000 couples reported getting divorced in 2021, according to the Centers for Disease Control and Prevention. That’s about half the number of couples who reported getting married. Most couples file for what is called a no-fault divorce, which means you...
Massachusetts Ranks #1 State To Have A Baby!
Having a baby in Massachusetts is both a joyful and stressful occasion – but the stress side is more amplified in 2023 as inflation pushes the cost of adding an extra family member higher and higher. One of the biggest expenses to keep in mind is medical bills. The...
Massachusetts Ranks #1 State For Working Moms!
Massachusetts is the best state in the country for working moms! That's right. According to the personal finance experts at WalletHub, Massachusetts is numero uno for working mothers. Women make up nearly half of the workforce in the U.S. and WalletHub reports that...
IRS Tax Tip: Tax Considerations For Massachusetts Residents Who Are Separating or Divorcing
When Massachusetts couples separate or divorce, the change in their relationship status affects their tax situation. The IRS considers a couple married for tax filing purposes until they get a final decree of divorce or separate maintenance. Update tax withholding...
More Social Security Benefits For Massachusetts Residents Than You Might Think
Retirement planning involves making some very important decisions regarding your federal pension benefit, Thrift Savings Plan investments and Social Security. This week, I’d like to focus on the last of these, because it includes a variety of benefits, each with a...
5 Toxic Money Habits of Massachusetts Narcissists
Narcissists possess challenging personalities that can significantly impact the mental health and well-being of those around them. Unfortunately, traits such as grandiosity, superiority, entitlement, and a lack of empathy have risen recently, often unnoticed or...
Massachusetts Children of Divorce: Younger Children Feel Lasting Effects
Research suggests that Massachusetts children whose parents divorce when they are very young have a more difficult time establishing close relationships with their parents later in life. The study which appeared in the Personality and Social Psychology Bulletin, found...