Money Made Easy: What’s a Safe Withdrawal Rate?

In this week’s edition of Money Made Easy, host Dan Danford answers this question from a viewer: I’m about to retire and will be living off of my savings. What is a safe withdrawal rate for me? Danford, MBA, CRSP of Family Investment Center, talks about his recommendations to use …

Finances and Divorce: Why Your Case Is Unique

By JoAnne C. Holt, Divorce financial analyst Just like your DNA – your divorce case is not like anyone else’s so stop asking your friends what you should ask for, what they did, how much they had to pay or are receiving and more. On the surface the facts may …

Money Made Easy: Retirement Planning

In this week’s edition of Money Made Easy, host Dan Danford answers this question from a viewer: I have never had a job with a 401(k) or much money left over for savings. I’m worried about having enough money to live off of when I retire. What suggestions do you …

Does my ex get part of my military retirement if she’s remarried?

Question: I have been divorced for about nine years now and my ex is remarried. Does she still get part of my military retirement when I retire even though she’s remarried? Also, my son turns 18 in March but he will be in high school until May and the child …

Drafting Agreements When Retirement Assets Are At Issue

by Ravelle Smith, JD of Cordell & Cordell, P.C. Drafting settlement agreements when retirement assets are at stake can sometimes be an unnecessarily tricky endeavor that falls to an attorney near the conclusion of a domestic matter. Therefore, particular care should be given to cases that involve the distribution of …

Property Division: Keeping What’s Yours

by Erik Carter, JD (Cordell & Cordell, PC) What constitutes marital property? The answer to this question will largely depend on where you live. In Indiana, all assets owned by either party at the time you file for divorce are considered marital property. It makes no difference how the property …

Preserving Your Retirement

by Richard J. Coffee, II, Cordell & Cordell, P.C. The dissolution of a marriage presents numerous changes and unfortunate consequences. Custody issues may be resolved by compromise, mediation and/or counseling. The personal property division may be an irritating inconvenience. Financial support a current cash flow adjustment. None of these are …

Post-Divorce Housekeeping: A General Overview: Part 2

by Tiffany McFarland Esq., Cordell & Cordell, PC. Transferring IRA Interests Interests in your traditional individual retirement account (“IRA”) or that of your spouse may be made per Internal Revenue Service (“IRS”) guidelines when the transfer is incident to a divorce. The transfer is tax free. There are two commonly-used …

It’s What You Keep…

According to the Tax Foundation, a non-profit, non-partisan organization, Tax Freedom Day will come on April 23 in 2008. What this means is that the average American will be working through the 23rd just to pay all of their taxes. This includes both federal and state income taxes, sales and …

Use Your Check Wisely

The economic stimulus plan has been passed into law, and for most Americans, that means a check will be in the mail sometime in May. Just about every American will qualify for a rebate except for those with very high incomes and those who pay no taxes or have less …