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divorce Archives

Student loans can be a factor in divorce

Many people have student debt here in the United States. Reportedly, there is currently around $1.5 trillion in outstanding student loan debt in the nation. The average outstanding student loan balance is estimated to be over $34,000. So, it is not uncommon for couples to enter marriage with one spouse or both spouses carrying a fair amount in student loans.

A spousal support tax break is coming to an end

For over 70 years, Americans paying spousal support have received significant tax breaks, especially in cases involving a large wage gap between former spouses. This break is coming to an end in 2019. A recently developed law will remove tax breaks on spousal support payments that are finalized after December 31, 2018. Both individuals paying and receiving support will be affected.

Avoiding financial surprises when getting divorced

There are situations in which people generally don’t want to be surprised. One is divorce. A divorce has major impacts on one’s future. So, when a person gets caught off guard by something during this process, they may be very worried about what this unwanted surprise could mean for their long-term well-being.

Many things about divorce can impact retirement

It is a worry many have: Will I have enough to retire? A recent study indicates that many Americans may be in a precarious position when it comes to their future retirement. According to this research, in 2016, about 50 percent of working-age American households were at risk of not having enough to maintain their present standard of living when they retire.

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