The Defense Department announced that military retirees and survivors will receive an increase in their pay and annuities in 2019.
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.
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.
Nearly 30 million Americans are hiding a checking, savings, or credit card account from their spouse or live in partner, according to a new survey from CreditCards.com. That's roughly 1 in 5 that currently have a live in partner or a spouse.
Military marriages in Massachusetts experience strains and stresses in greater capacity than other marriages due to the complications that their jobs put on both spouses. Though these marriages can be extremely stressful and difficult, the overall divorce rate among both male and female service members only averaged 3 percent in 2017. To be more precise, about 21,290 of 689,060 married troops divorced in 2017. The divorce process for members of the military is relatively uniform to those who are not in the service. The main difference for these individuals is how to divide their retirement plans.
Starting to notice changes in your Massachusetts marriage? Are you worried that your husband is hiding money before Massachusetts divorce? Concerned about whether your wife is concealing assets? Needless to say, divorces are stressful. Not only splitting from someone emotionally but also financially can take its toll on anyone. But as sad as it is, people will take advantage of their spouse in this fragile time.