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The Scuppers This is a new forum for the not necessarily fishing related topics...

 
 
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Old 03-20-2014, 03:56 PM   #20
nightfighter
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The numbers don't surprise me. Divorce and the recession has wiped out many well planned retirements. In my case, ex wife's lawyer got the court to approve the splitting of my retirement accounts, AND wire 50% to my ex's bank account! It was not rolled over so I was responsible for the taxes and the early withdrawal penalty. She pissed through the money, government got their significant cut, and I had less than 8% of the original amount, which I ended up having to use as I reinvented myself after getting thoroughly fleeced in probate court.... It was just ten years ago that I got into a position to be contributing to a retirement again.
While I am clearly worried about the amount needed, I am better off than many, but clearly well behind what I had initially planned on.
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