This request for information is specific to mpoppins1/ I realize your post is quite old, but you seem to be the most knowledgeable for my situation.
Married for 29 1/2 years. Husband left for another woman. 2 adult children. I had a brain stroke 16 years ago and have not worked since. I was awarded SSDI immediately.
We currently live in separate cities but share the same bank account and have amicably split both our incomes equally each month and pay our own bills. I am currently on his insurance.
He makes roughly 150K year. and will be able to retire with full pension in 18 months. I receive 24K year SSDI which will continue for life.
I have spoken to attorneys and feel like I know more than they do about the new tax laws, disability et al ;Which is very frustrating.
From my research, I need to know what I am entitle to before negotiations. Please advise.
When he turns 62 in July 2020 he is entitled to full retirement pension, He plans on moving to another state and working at least 5 more years and thus receiving a retirement from that state.
Community Property State, presiding law states that after 25 year marriage, both parties should remain basically on equal financial status going forward (for the rest of our lives)
What is your opinion on my proposal?
I would like him to pay for the Medicare advantage insurance plan. I have medicare A now, but have not used it as he covers me through his work insurance currently. I figure about $500 month
50% of our assets
50% of our combined pensions
50% of our combined 401K investments
Spousal support for life? amount ??? 40% of our combined income? until when???
how does this work? He can and will work until he's 70. 150-200K year
I realize he will be paying all income tax now as of the 2019 change in law.
One attorney said I should go for 60% of assets, retirement and investments because he will earn 150-200K in the next 8 years. But i think he just wanted my business and then after spending a bazillion dollars, we end up back at 50/50.
Please help me. I have one shot and I don't want to mess this up.