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Posts tagged "retirement funds"

When older divorced parents need assistance

On behalf of Goldstein & Bachman posted in Divorce on Wednesday, October 24, 2012

As we have reported in the past, divorce among the baby boomer generation is on the rise in New Jersey and elsewhere. What this means is that a larger number of older people than ever before are going to be alone during their golden years, and they could be depending more on their children.

In fact, according to a study published recently in the journal The Gerontologist, one out of three members of the baby boomer generation is currently unmarried, and 60 percent of these individuals are divorced. Unfortunately, the study concluded that unmarried baby boomers face a greater chance of being poor and not having health insurance than their married counterparts.

Continue reading When older divorced parents need assistance

Tags: Baby Boomers, divorce, finances, grey divorce, retirement funds

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What are the biggest expenses after divorce in New Jersey? Part 2.

On behalf of Goldstein & Bachman posted in High Net Worth Divorce on Friday, June 22, 2012

In a recent post, we talked about the emotional and financial impact of getting a divorce. Many people expect to be emotionally drained after a divorce, but fewer people are prepared for the financial toll of getting divorced. We already talked about the additional costs of finding a new place to live and splitting all your bills.

Many couples in Old Bridge have worked hard to accumulate wealth in a few places. In addition to having equity in their homes and vacation homes, many couples also invest in stocks and make significant contributions to their retirement accounts. Today we'll talk about the cost about the cost of splitting your pension or 401(k), your stocks and CDs, and any other financial assets you have.

Continue reading What are the biggest expenses after divorce in New Jersey? Part 2.

Tags: asset division, divorce, finances, financial affidavits, retirement funds

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Divorcing in retirement: What baby boomers need to know

On behalf of Goldstein & Bachman posted in Divorce on Friday, June 1, 2012

Divorce is a complicated process for any married couple, and in almost all cases, it's an ordeal that is best navigated with the help of professionals. Although some couples do choose to divide assets and finalize the terms of a divorce without the help of an attorney, that's rarely the most effective things for individuals to do -- particularly in a high-asset divorce case.

And as divorces among the baby boomer generation are on the rise in New Jersey and elsewhere, more and more divorce cases are being seen between couples who have built large financial assets -- including investment and retirement accounts -- over the course of their marriage.

Continue reading Divorcing in retirement: What baby boomers need to know

Tags: Baby Boomers, asset division, divorce, equitable distribution, retirement funds

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Financial considerations for couples over 50 who divorce

On behalf of Goldstein & Bachman posted in High Net Worth Divorce on Friday, March 25, 2011

In the past year, a number of high-profile Baby Boomer couples announced they were getting divorced. Every high net worth couple that gets divorced in New Jersey must make financial considerations that lower-income couples don't have, but divorcing couples over 50 have even more things to consider.

Because of the amount of time they have spent in the workforce and the size of the assets they have acquired together, there is more at stake. To avoid making costly mistakes, individuals should consider three main things:

Continue reading Financial considerations for couples over 50 who divorce

Tags: Baby Boomers, divorce, high net worth divorce, retirement funds, spousal support, trusts

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Goldstein & Bachman's founding partners - Mark Goldstein and Howard Bachman - have each practiced law in New Jersey for more than 20 years.

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