Category Archives: marriage

Time to be Honest About the Fear That’s Getting in Your Way

CARL RICHARDS There is something you have been working on, isn’t there? Something big. Something exciting. Something you have always dreamed of. It’s that perpetual “work in progress” that you tell only your close friends and loved ones about. The novel that is in “final edits.” That website that you are going to start … tomorrow. That email you are going to send your boss explaining why you are quitting your job to be a… Read More »

Financial Drawbacks of Remarrying Later in Life

Our last article looked at possible financial benefits of remarriage; this week’s looks at potential financial drawbacks. Some risks are obvious. A future divorce can be very detrimental. In nine states with community property rules, most wealth or debt accumulated during the marriage may be divided equally. The remaining states typically follow equitable distribution; a judge divides assets, which may include one spouse’s pension. Here are a few other potential drawbacks:   Pensions and Social Security.… Read More »

Financial Benefits of Remarrying

Remarriage among Americans over the age of 55 is on the rise. For many, the financial impact is positive. An Ohio State University study found married people generate 4 percent more wealth per year than singles, accumulating twice the wealth of singles over time.* One obvious reason is the savings achieved by sharing housing, utilities and food expenses. Another big factor is married couples tend to plan for the long-term more. Here are a few… Read More »

Deductible Charitable Donations

Many gifts given in December were never on a shopping list. According to a recent NBC story, it is the top month for charitable giving, accounting for 18 percent of annual donations. You may not need a shopping list for these benevolent gifts, but there are things to remember if you hope to receive tax deductions for them. First of all, you can only claim charitable contributions if you itemize your tax return. Secondly, there… Read More »