Tag Archives: retirement

More older Americans are getting divorced, and as a result more people are faced with dividing up retirement accounts at the end of a marriage.   Special Financial Issues People are living longer and social mores about divorce have relaxed, says Bari Weinberger, a family lawyer with the Weinberger Law Group in Parsippany, N.J. That has resulted in more older people seeking divorces. She adds that more women are exiting their marriages after their children are grown because they feel …

An engineer hired by the city of Cohasset outside Boston is stirring up an already-shaken political beehive with an age discrimination suit. Mark Brennan, 64 years old, lost his job to a much younger man and is fighting to return to work by filing a complaint with the Massachusetts Commission Against Discrimination. When a new town manager cleaned house after being hired in 2011, he rescinded the contract Brennan had signed with the former town manager. Brennan claims he was …

Not surprisingly, the Baby Boomers are setting yet another national trend—late-in-life divorce. According to the National Center for Family & Marriage Research (NCFMR) at Bowling Green State University, one in four divorcees these days is more than 50 years old. Back in 1990, people aged 50 to 64 accounted for just 6.9 divorces per 1,000 marriages. That number nearly doubled to 12.6 divorces per 1,000 marriages in 2009—the last year that the Centers for Disease Control (CDC) includes divorce data. …

Presents purchased? Check. Vacation time scheduled? Done. Holiday cards mailed? Yep. End-of-the-year legal checklist complete? Ye—wait a sec! What? If you truly want to start 2012 off on the right foot, there are a few things you’ll want to do before Dec. 31 rolls around. Yes, I’m talking about making sure your legal and financial affairs are in order. Let’s look at what needs to be done: Review your estate planning documents. Reread your last will and testament, living will, …