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My Divorce

August 14th, 2020 at 08:57 pm

Hi. I've been gone for a while - about four years. I'm back, hopefully with some regular updates.

For those of you who follow the forums - you probably know that I'm getting divorced. I do know one thing about it - the financial implications are huge. I've retained an attorney, and my wife has retained an attorney. That's +$5,000, and we haven't stepped foot into the courthouse yet. Actually due to Covid-19, I'm not sure that we will ever step foot into the courthouse, but I think you get my meaning.

If you haven't read my entry in the forums, I'll let you know that it's about my retirement fund and penalties/taxes when it is inevitably split. Fortunately I found out that if the court issues a Qualified domestic relations order (QDRO), there are no penalties or taxes on that money.

So that question has been answered.

I still have questions on asset/liability splits and how much I will owe for child support/alimony. Don't get me wrong - I want to support my kids as best as I can. But it's like a huge question mark looming over me not knowing. I can't budget for the future. But, time will tell.

It feels good to be back so I can blog all of this out. Thanks for reading this far.

Posted in Budgeting, Personal Finance, Divorce | 9 Comments »

9 Responses to “My Divorce”

  1. terri77 Says:
    August 15th, 2020 at 01:26 am 1597454787
    1597454787

    I’m sorry to hear about your divorce & I hope everything works out for the best.

  2. East Coast Saver (Wink) Says:
    August 15th, 2020 at 02:43 am 1597459422
    1597459422

    Welcome back to the blogs, but I'm sorry it's under these circumstances. There are lots of supportive people here.

  3. Petunia 100 Says:
    August 15th, 2020 at 04:53 am 1597467198
    1597467198

    I saw your post in the forums, but I did not make the connection of who's post it was! I remember reading your blog posts. I am so sorry to hear of your divorce, Bob. I hope that you and your wife will both be happy in your new lives. Best to you and your children.

    And...welcome back. Smile

  4. MonkeyMama Says:
    August 15th, 2020 at 03:00 pm 1597503626
    1597503626

    It's great to hear from you! Though I agree with the others, sorry to heat of the divorce.

  5. Sue Says:
    August 15th, 2020 at 08:29 pm 1597523363
    1597523363

    Sorry to hear about your pending divorce Bob.

  6. LuckyRobin Says:
    August 15th, 2020 at 09:09 pm 1597525779
    1597525779

    Sorry to hear that. Divorce is so hard on everyone and messes up everything for a long time.

  7. CB in the City Says:
    August 16th, 2020 at 01:14 pm 1597583673
    1597583673

    I'm sorry to hear this. Divorce is difficult, but it can be a way forward, too. Take it one day at a time and find things to be grateful for. It will get better.

  8. rob62521 Says:
    August 16th, 2020 at 08:33 pm 1597610021
    1597610021

    Welcome back. Sorry about the divorce. Hopefully things will work out and you can move on. It's never easy, that's for sure.

  9. Fern Says:
    August 22nd, 2020 at 12:21 pm 1598098879
    1598098879

    I'm so sorry to hear this news, Bob. I don't follow the forums, and actually, I don't post here all that often these days. Welcome back. I hope checking in here periodically helps you gain some clarity and moral support.

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