Monday, June 28, 2010

Victim #168: Retirement Expectations Dashed

.... All of us has our own horror story, and I guess it's all relative. Personally, I turned over $425K in assets, plus half of my retirement to the Ex at the time of the divorce, and have paid her initally $3,500/mo. for the first 5-1/2 years, reduced to $3,200/mo. as per by our mediated settlement for the next five+ years.

Her alimony was exactly twice what I later found out was the maximum of any of my working contempories.

Now that I just retired, she is petitioning the court to have the alimony "RAISED", at the same time as the failure of my former employers pension fund, and subsequent takeover by the federal government.(PBGC). I'll be luck to get 25 cents on the dollar of what I expected my retirement pension to be.

My only bright spot is that I stashed a fair amount away by keeping my lifestyle conservative.... Yeah, she describes me as "Cheap".