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Old 11-18-2014, 08:59 AM   #41
Thinks s/he gets paid by the post
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Join Date: Mar 2005
Posts: 2,452

Why would anyone get married when 50% of the marriages end in divorce, and the other 50% end in death?
Reminds me of a co-worker in mega-corp. He had 2 kids with the live in GF and vowed to NEVER marry her. She dies from some freak disease and leaves a 7 figure life insurance settlement to the 2 kids. Now a single father ... struggling to work full time while raising the kids ... he NEEDS the ins $$ for the benefit of the kids.

Went to court to get the funds released. Judge said "no, it's not yours. It's released when to the kids when they turn 18. But if you were married ....". Last I heard the 3 of them were sharing 2 br apt.

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Old 11-18-2014, 01:00 PM   #42
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Join Date: Aug 2013
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Originally Posted by EastWest Gal View Post
Everything earned during the marriage. The ex will not be entitled to 1/2 the 401k, just maybe 1/2 of the 401k contributions and earnings during the marriage. Huge difference. This is also true for all assets. They can't take 1/2 a house your friend owned before the marriage, for example, even in a community property state.
This is how I understand the law to work in her state.

AA (Stock/Bond/Cash ): 99/0/1% MIX (Small/Mid/Large): 50/25/25% BLEND(US/Foreign): 100/0%, REIT (Real Estate Equity): 50% of Assets

FIRE in 2031 @ 50yrs old (+/- 2yrs) w/ a hypothetical $2.5mil portfolio, 3 appreciated homes worth $1.0mil and rental income to fund my gap years until RMD. Assets will go to an inherited IRA where I plan on watching the investments grow until I die or the trust gets executed.
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