As you ask yourself if you are saving enough for retirement, you may find yourself wishing you could compare the numbers in your accounts to what your peers have saved. It would make it easier to see if you're on pace or not. There's one simple problem with doing...
Serving Rome, New York residents with legal issues
Michael G. Putter, Attorney at Law
Should you agree to divide debt with your ex?
The easiest way to handle debt during a divorce is simple: Pay off the debt. Use the assets you have to get rid of what you owe, then split up what assets remain. You can eliminate debt before divorce to keep it from playing a part at all. Of course, this is easier...
How to split a pension in a divorce
Receiving payments from a pension plan is an effective way to ensure you have enough money to get through retirement. Splitting these payments in a divorce, however, could rob you of the hard-earned benefits if your agreement is not made appropriately. Do I have to...
What does your career mean for the odds of divorce?
You started down your career path when you got to college at age 18. You hadn't even met your future spouse yet. However, the choices you made and the career you chose could have a massive impact on the odds that you'll get divorced. For instance, the divorce rate for...
Divorce isn’t the end of dealing with your ex
Divorce is the end of your marriage. That doesn't mean it's the end of your relationship. Remember that as you move forward with this process. You will likely still need to deal with your ex from time to time. It may be very consistent. You may never fully move beyond...
How many workers get defined pension plans?
It used to be quite common for private sector workers to get defined pension plans that allowed them to retire and know that they were financially secure. After putting in enough years for the company, they knew that the company would take care of them after...
The court can’t touch nonmarital property
When you and your spouse get divorced, the court may have to step in to help you divide your assets and property. There are cases in which you and your ex can agree on certain points and work together, but the court helps ensure things are done properly and it helps...
How does a QDRO affect your former husband’s pension?
While your husband worked, you devoted your life to raising your kids. While the children turned out great, you and your spouse grew apart. Now that you are divorced, you may want to receive a portion of your husband’s pension. If you do not have a qualified domestic...
It is illegal to use race as a factor when determining custody
When deciding how to divide custody, courts consider a lot of different factors. These often include the age of the children, their relationships with the parents, the mental and physical health of those parents, the living situation and related factors -- like what...
Late divorces may not leave time to correct for mistakes
If you are thinking of getting divorced after you turn 50, you really have to think about your financial future. You cannot afford to make any mistakes. It's important to get it right the first time around, and you must explore all of your options. The problem,...
