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August 2017 Archives

Understanding how retirement accounts will get split in divorce

Most people already know that unless they have a prenuptial agreement in place, divorce means their assets will get split with their spouse. The same is true of debts acquired during the marriage. Florida is an equitable distribution state, which means that all marital assets will get divided between you and your spouse by the courts. Marital assets are any assets accumulated during the marriage.

Study: Parents' messy divorce affects adult children's health

A recent study by Carnegie Mellon University indicates that the outcome of a divorce can affect children physically even decades later. If an adult child's parents ended up not speaking to one another after divorce or separation, the study found, the adult child was more likely than other adults to catch the common cold. If their parents remained in contact after the divorce, however, there was no additional risk of catching a cold.

Older people are cohabitating more. How can you protect yourself?

According to the Pew Research Center, the number of people over the age of 50 who live with their partner, to whom they are not married to, is skyrocketing. The rate of "gray cohabitation" grew by an astounding 75 percent between 2007 and 2016. That's a rise from 2.3 million to 4 million over the course of a decade among those over 50. The number of cohabitaters over age 65 doubled over the same period.

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