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A recent study found that divorce reduces a person’s wealth by 77% or three-quarters. Compared to someone single, being married almost doubles comparative wealth. People who are single have a steady, but slow growth of wealth. People who are married and stayed married showed a sharp increase in wealth of about 4% each year, just as a result of […]
Going through a divorce is different for everyone—but one thing for certain is that it does change your life. For some people it is the end of a nightmare and the chance for a new beginning. But it is sad no matter how you look at it. Getting a divorce is supposed to be as emotionally […]
No one should get married without having a Prenuptial Agreement in place. A Prenup is an agreement between two people that deals with the financial consequences if their marriage should end. It is used to protect your assets going into the marriage as well as future assets. It also protects you against premarital debts your future spouse may have. Even if you have very […]
A Bloomberg list ranks getting a divorce in the U.S. according to the following factors: minimum separation period and required separation period; minimum length of residency; minimum waiting period after filing for divorce before the divorce is final; filing fees; and the minimum time from start to finish. According to the list, the top ten worst states to […]
What do you do when your spouse tells you that he or she is gay and wants a divorce? Whether you’ve been married a long time or just a few years, it is devastating. When your spouse tells you that they are gay and no longer want to be married to you, it’s as bad […]
Many of us start off the new year by making New Year’s resolutions. It’s a great tradition that has gone on forever. Among the top ten resolutions each year are financial goals—such as getting out of debt or saving for retirement. The beginning of a new year is the perfect time to think about how we’d […]
The statistics in 2012 from the Pew Research Center are scary. In 1960 nearly three-fourths of people 18 and older were married. In 2010 the number had dropped to 51%. Four in ten births were to unmarried women. If this trend continues, within a few years less than half of the population in the United States […]
