LakeRat1
Recycles dryer sheets
Thoughts on getting divorced for financial reasons??
Married for 33 years
DW - Retired at 59.5, currently 62 and first SS check arrives next month
Me - Retired/Left workforce at 52, currently 54
We both rolled over our 401ks to IRAs and are currently living off DW, she draws from two Annuities and her SS to begin next month.... All Taxable.... Approximately $110K Per Year
I have 0 income --- With approximately 900k in a rollover IRA, no plans to withdraw any until 59.5, hopeful that we are not spending as much by then (5 years), as we do today...... We retired early to enjoy life while we are still able and not real real old .....
I am thinking we could get divorced, then I would qualify for better health insurance, with being able to get Obama Credits ..... I have Basal Cell Cancer that I need to deal with, Asthma, and Arthritis...... We currently pay $1130 per mo for catastrophic insurance, with a $6800 deductible each.....
What other advantages could there be of being divorced> I would be signing over all property and my IRA to my DW. I do trust her, so I am not worried that she would kick me to the curb...... If she did, then I would return to the workforce and start over.......
I am just looking and wondering if it would be in "our" advantage financially to get divorced on paper and still continue living in retirement together .....
Thoughts Please
Married for 33 years
DW - Retired at 59.5, currently 62 and first SS check arrives next month
Me - Retired/Left workforce at 52, currently 54
We both rolled over our 401ks to IRAs and are currently living off DW, she draws from two Annuities and her SS to begin next month.... All Taxable.... Approximately $110K Per Year
I have 0 income --- With approximately 900k in a rollover IRA, no plans to withdraw any until 59.5, hopeful that we are not spending as much by then (5 years), as we do today...... We retired early to enjoy life while we are still able and not real real old .....
I am thinking we could get divorced, then I would qualify for better health insurance, with being able to get Obama Credits ..... I have Basal Cell Cancer that I need to deal with, Asthma, and Arthritis...... We currently pay $1130 per mo for catastrophic insurance, with a $6800 deductible each.....
What other advantages could there be of being divorced> I would be signing over all property and my IRA to my DW. I do trust her, so I am not worried that she would kick me to the curb...... If she did, then I would return to the workforce and start over.......
I am just looking and wondering if it would be in "our" advantage financially to get divorced on paper and still continue living in retirement together .....
Thoughts Please
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