At any age, a Massachusetts divorce can set you back financially, but ending a marriage later in life poses an extra threat: derailing a previously on-track retirement. As is true with younger couples, a divorce is likely to leave you with higher living expenses, lower in-come, and less wealth. But if you're fifty something or older, you'll have a lot less time to amass more earnings to make up for what you've lost.
Unfortunately, people often hand off financial management to their Massachusetts partner when they do not feel confident managing money according to a 2018 survey for the National Endowment for Financial Education which found that 41 percent of Americans who combine finances with their partner said they'd deceived that person or loved ones about finances.
Little in military spouse life is more confusing than trying to figure out where, exactly, you're from. More than just a conversation starter, the answer can dictate a world of decisions, including where to register your car, where to vote in elections and, perhaps most importantly, where to file state taxes.
"Why do some women do well after a Massachusetts divorce, while others get stuck?" a divorcing client asked me, confronting her worries head on. "I want to be happy again. I want to rely on myself and not be afraid of the future. I can't make it without his support, but it's tough being tied together for so many years through the kids and the money."
A Massachusetts divorce is not an everyday occurrence for most individuals. Because of this, most of our clients come to us seeking help in a divorce with certain ideas and preconceived notions as to what they expect their divorce to look like. Whether they get these ideas and notions from television, magazines, or even from friends and family members who have experienced their own Massachusetts divorce, there are certain myths which are quite common about the divorce process.
Massachusetts parents want to do everything they can to give their kids the best opportunities in life, and some may feel they haven't done a good job if they can't give their student the college experience they want. Meanwhile, college costs have climbed faster than family income, while most new jobs demand some level of postsecondary training.
Having kids is seen as an integral part of a Massachusetts married couple's life; it marks the transition from just marriage and living together to, well, being parents. It's a shift that's been explored in pop culture for ages now, because it's come to symbolize the moment that your family really begins to form. But, for many, the question remains: does having kids statistically increase your chances of divorce?