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December 2017 Archives

Divorced spouses might get additional retirement benefits

Leaving a marriage often means making financial sacrifices, especially for spouses who didn't earn a lot of money prior to their divorce. The social security system has a safeguard in place to help divorced retirees avoid poverty. Ohio divorcees who meet the criteria may be able to increase the amount of their monthly social security entitlement when they retire.

Identifying the signs of parental alienation

Ohio residents who are contemplating divorce or going through the process of divorce may be interested in learning about the signs of parental alienation. Parental alienation is a term used to describe parents who try to turn their child against their ex-spouse. Contrary to what some may believe, a parent does not need to be the primary caregiver to be involved in parental alienation. Their pathological personality might stonewall their ex-spouse, thereby limiting the amount of time their children get to spend with them.

Retirement accounts and divorce

Some Ohio couples that get a divorce might need to divide a retirement account. There are regulations that govern how these accounts are taxed and penalized during withdrawal that must be observed.

Divorce after retirement carries unique challenges

As people in Ohio and across the United States lead longer, healthier lives for years past retirement age, the divorce rate for older couples has grown dramatically. While the divorce rate for American couples has actually declined overall, the rate of divorce for couples over the age of 50 has escalated continually since 1987, growing by over 50 percent. One in four couples decides to divorce after the age of 50, particularly with the approach of retirement age and the "empty nest" after children leave the home.


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