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Re: Divorce after 55
Old 03-21-2007, 08:50 PM   #21
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Re: Divorce after 55

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Originally Posted by Cute Fuzzy Bunny
Hmmm...study was done recently that showed that divorce and being fired from a job caused an irreversible and severe impact on ones happiness.
I don't believe this, especially as relates to the irreversible part. Research has shown the people have a happiness set point. They come back pretty quickly after enormous losses like going blind, or becoming paraplegic.

Don't know about you, but I'll take divorce over blindness any day of the week!

ha
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Re: Divorce after 55
Old 03-21-2007, 08:59 PM   #22
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Re: Divorce after 55

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Originally Posted by HaHa
I don't believe this, especially as relates to the irreversible part. Research has shown the people have a happiness set point. They come back pretty quickly after enormous losses like going blind, or becoming paraplegic.

Don't know about you, but I'll take divorce over blindness any day of the week!

ha
Some guys got divorced because they were going blind............. (You know what I'm getting at, I assume?)
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Re: Divorce after 55
Old 03-22-2007, 08:02 AM   #23
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Re: Divorce after 55

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Originally Posted by Sam
What would happen if your income at that time was zero (unemployed)?
Not sure, but I suppose there is a merge point for her income and mine (even if zero).
In that case, she would have paid me alimony !
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Re: Divorce after 55
Old 03-22-2007, 09:41 AM   #24
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Re: Divorce after 55

When I was going through my divorce, a number of my friends sympathized with my feelings and said they would do the same thing if they could afford it.

I confirmed to them that I could not afford it either. But I was prepared to pay for the opportunity to live happily ever after (well maybe 40 years). That was 12 years ago.
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Re: Divorce after 55
Old 03-23-2007, 01:09 PM   #25
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Re: Divorce after 55

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Originally Posted by kcowan
When I was going through my divorce, a number of my friends sympathized with my feelings and said they would do the same thing if they could afford it.

I confirmed to them that I could not afford it either. But I was prepared to pay for the opportunity to live happily ever after (well maybe 40 years). That was 12 years ago.
It's a very tough choice: be miserable with the current spouse and have some money, or divorce the spouse and be poor.
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Re: Divorce after 55
Old 03-23-2007, 03:38 PM   #26
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Re: Divorce after 55

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Originally Posted by bennevis
It's a very tough choice: be miserable with the current spouse and have some money, or divorce the spouse and be poor.
.
Perhaps I am just an eternal optimist. I have never divorced but am widowed. I still believe one day I will find another love. Will he have the assets I have? Doubtful. Will he have some? Yes. If we join forces will it be economically better for both? I hope so.

There are lots of equitable financial settlements in divorce. If you squander it, then you may not be a good candidate to connect with a FIRE type. If you conserve and grow it, then you may still find a compatable match in life, love & finances. Every obstacle in life has an upside even though it may be after a dark period. Appreciation does not come from having everything you want when you want it...

Ok, I will jump off my soapbox now!
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Re: Divorce after 55
Old 03-23-2007, 03:51 PM   #27
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Re: Divorce after 55

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Originally Posted by crazy connie
Appreciation does not come from having everything you want when you want it...
True! It comes from time in the market.

Ha
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Re: Divorce after 55
Old 03-23-2007, 04:43 PM   #28
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Re: Divorce after 55

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Originally Posted by Sam
What would happen if your income at that time was zero (unemployed)?
In my state there is something called "imputed income" which is the amount of income you're capable of earning. If your actual income is less than your imputed income, your imputed income will be used to determine child support and alimony. The idea is to prevent a CEO from punishing his or her spouse by working for Burger King and thus generating lower CS payments. In practice if you're unemployed and going through a divorce it can be scary. BTDT.

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Re: Divorce after 55
Old 03-23-2007, 04:46 PM   #29
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Re: Divorce after 55

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Originally Posted by FinanceDude
Some guys got divorced because they were going blind............. (You know what I'm getting at, I assume?)
Lol all I can say er type w/e!
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Re: Divorce after 55
Old 03-23-2007, 05:24 PM   #30
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Re: Divorce after 55

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Originally Posted by bennevis
It's a very tough choice: be miserable with the current spouse and have some money, or divorce the spouse and be poor.
You know we have had to sacrifice compared to the situation before but we have persevered and are now emerging in a much better financial situation. The "we" is because I have found a soulmate. We will move to a lower cost country if necessary but we will not count our happiness based on what we own.

For me, it is an easy choice but at the time it was definitely not!
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