She paid cash out of her ira.
I sent you another question yesterday and when I hit submit I looked up and saw you were offline. So I will try and remember my question.
I purchased the home we live in now when I was single, 4/20/2010 w/ VA loan. House was appraised at $90,000. We had no plans to marry but we then 7/6/2010 and at the time my wife was working full time at a savings bank making approx. $40,000. We set up a plan of her coming down to part time and then retired 9/1/2010. Everything worked like clockwork. The main benefit of her taking full retirement 9/1/2010 would be 12 months after that date she would receive IRA worth $125,000. 12 months later she did receive this IRA and added her two sons and myself to this IRA in case anything might happen to her. Several months ago when we were having some problems she took my name off this IRA. I know you think I am after her money. The answer is no, but after my concern about buying this home I am concern about the ball field being fair. Last question, I have been on full disability since June 1, 1993, the same date I took early retirement from my job after 32 yrs. and 26yrs. in the Indiana National Guard. When it comes to the part of either of us going out and financially helping ourselves after divorce I can tell you their is no way unless it is under my terms:work when I feel like it.
Thank you very much.
p.s. I have to sign off as I have a dr's appt..
I will check my e-mails when I get back.
First I would like to thank you very much w/your information. This has been very hard on me. Also going on seventy four and it came down to choosing my family of fifty yrs. or my wife of almost three yrs.
Following are my last questions, I hope.
1.I receive three pensions, military, Principal, and Met-life. Her atty. is going after my pensions. I bring in approx. $2900 ea month and my wife brings in $1100. Her atty. said the gap is to wide between ea of our monthly income. Can she do this?
2.Both names on mortgage and the new leased CR-V Honda 2013. The mortgage balance is $64,000 and I have thirty payments left of $296 ea month for the Honda. On contract for Honda they show after 36 payments I will have paid $15,392. On latest statement they show a payoff of $25,160 after the May payment. Divorce was filed May 7 this yr. Knowing mortgage debt by both is $64,000 what would our debt be for the Honda per In. law. Then would not the combination of the two debts be divided by two to show each one responsibility? By the way I have always made both payment. Latest appraisal (May) on home is $77,000, was $90,000 when I purchased April 2010
3. Court statement of the ability of either one going back to work to make up whatever the court orders additional income to the other.
4.Is her IRA $125,000 consider part of assets?
Thank you and good night(just kidding)
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