Finances and Divorce: Alimony and Rehabilitation Plans

By JoAnne C. Holt, Divorce financial analyst A rehabilitation plan may be the best solution for you if you are paying maintenance to a spouse who hasn’t worked in quite a while but has the ability to earn a good living. This is a serious consideration for short-term or moderate-term …

Money Made Easy: 401k Rollovers

In this week’s edition of Money Made Easy, host Dan Danford answers this financial question from a viewer: I’m worried about my 401k because I’ve put money into the account with a couple different companies. How can I get all my contributions rolled over and into one account? Will I …

Whose income is the child support based off of?

By Rachel A. Brucks Attorney, Cordell & Cordell Child support is one of the most frequently asked about topics when it comes to divorce. Particularly in this economy, divorced dads want to know if they will have to pay more child support if their ex-wife or their ex’s new husband …

Money Made Easy: Investment Mix

In this week’s edition of Money Made Easy, host Dan Danford answers this financial question from a viewer: I’ve been participating in my company’s 401k plan for 7 years and I’ve not seen much growth beyond my own contributions and the company match. Is my investment mix wrong? Should I …

How do I use SSI benefits to calculate child support?

Question: My ex-wife and I are changing custody of our one minor child. She currently pays me child support and I will now be paying her in the future. I have a adult son that is 22 and disabled. He does receive SSI benefits, but I still provide over half …

I was accidentally overpaid and my wife spent the money that the company wants back. Who is responsible for this debt?

Question: While I was recovering from surgery, my job accidentally was overpaying me without my knowledge since I was confined to the hospital. My wife noticed this in our account though, hid any evidence of this and spent most of the extra pay. Now my company wants that money back …

What can be done about a huge amount of back child support owed?

Question: My brother has a $130,000 judgment against him in Massachusetts for back child support. The state is hunting him down like a felon. Every time he gets a job, the majority of his paycheck is garnished making it impossible to live or move on with his life. All he …

Can the amount of child support and health insurance costs be more than half of my pay?

Question: My ex-wife wants me to pay all of the children’s health insurance costs in addition to child support. That would be easily exceed 50% of my net income. Can the total amount of child support and health insurance costs be more than half of my pay?

Will Medicaid cover our newborn son?

Question: My fiancee is on Medicaid. Toward the end of her pregnancy she said that Medicaid would not cover our baby if he had my last name. At the time I didn’t question her because she said once we were married we could change his name to mine. Now everyone …

Why am I the only one paying child support?

Question: I am currently paying $1,200 in child support with joint custody. The mother has no job, thus no income. Where is her responsibility to support our child? She is solely living on what I am giving her. Where is her obligation?