Sentences with phrase «money than your spouse»

You might earn more money than your spouse, but you'll be awfully glad to have someone at your side when you're stuck at work and the Kindergarten is closed, your kids are ill or they need to go to the swimming classes.
If you make a considerable more amount of money than your spouse, you may want to set up a spousal RRSP.
Men making the decision to stay at home have become a more common decision these days, with extended paternal leave benefits, and partners who are making as much or more money than their spouses.

Not exact matches

Because it's been less than three years since money was contributed to the RRSP, the $ 10,000 is added not to your spouse's income but to yours since it is essentially the income you weren't taxed on when you made the contribution.
In the end, our relationship with our spouses, families, and those around us will matter a lot more than how much money we made or how much time we spent in selfish endeavors.
But more often than not, if they use the police department it is only as an «alibi»: having lost an intolerable sum of money, they will go to the police station and claim a false robbery in order to conceal the loss from a boss or a spouse.
Some Christians continue to characterize fathers who share parenting responsibilities or stay at home with their children as «man fails» and «worse than unbelievers,» instructing women to intentionally avoid earning more money than their husbands, even if it is less practical for their family to do so, or else they will injure their spouse's ego.
And as Johnson and Loscocco note, married black couples are at greater risk of divorce; they have lower marital happiness and satisfaction than white spouses; they disagree more than white spouses about such things as sex, kids and money; and black women get less benefits from marriage than white women and even black men do.
* Spouses are usually exempt as the marriage is seen legally as single entity, so money is entering the marriage, rather than transferring the money between parties; this merging of money is one reason why divorces are frequently so messy.
However, new spouses who graduated from college before getting married typically earn more money than those who did not and can invest in their health by purchasing such things as a gym subscription or healthier, more expensive foods.
Women that suffered physical abuse while pregnant as well as women who had emotional, spouse or money related stress were more inclined than other women to have reported to be severely depressed.
Yet fewer than half of Americans reported that they or their spouse have tried to predict how much money they'll need for retirement, according to the Employee Benefit Research Institute's (EBRI) 2013 Retirement Confidence Survey.
This is a variation on the above strategy, but in this case, rather than the lower - income spouse buying the investments with his or her own money, the higher - income spouse lends money to the lower - income spouse, who then uses it to buy the investments.
If one spouse earns significantly more money per year than the other, filing jointly at tax time can bump the one who earns less into the favorable income range for these investment accounts.
Before inserting the total allowances you are claiming in the box ensure that both you and a spouse are not both claiming a child, as if enough tax is not deducted from your paycheck you can end up owing money rather than receiving a refund.
In general, gifting money or assets to another person, other than a spouse, is a taxable event.
Because it's been less than three years since money was contributed to the RRSP, the $ 10,000 is added not to your spouse's income but to yours since it is essentially the income you weren't taxed on when you made the contribution.
If your beneficiary is other than your spouse, they may be required to withdraw a certain amount each year but they'll still get the money tax - free.
If you take over certain loan payments, make less money than your former spouse or are required to make alimony payments, you will need to re-establish your monthly budget and financials.
If you're a stay - at - home spouse, make marginal income, or your partner makes more money than you do, it might be enticing to include a spouse's income on a credit card application.
Filing taxes together as a couple highlights a big financial fact of life — one spouse often earns more money than the other.
If either spouse is not committed to careful money management, it could actually cause more problems than the first - to - die policy was meant to solve in the first place.
But if you file for benefits at 62 rather than wait, and lower your payments in the process, your spouse will get less money each month as well.
TORONTO — A new survey suggests that Canadian couples may be more willing to forgive a cheating spouse than to overlook money problems.
Other benefits include accidental death, which provides benefits when death occurs as a result of an accident, family plan for insured spouse and children, disability waiver of premium, which waives the premium payments if the insured becomes disabled for more than 6 months and mortgage payment disability benefit which offers money to continue making payments if the insured individuals becomes disabled for 60 days or longer.
Second, spouses can withdraw money from an IRA early, for medical or education expenses, without the usual 10 - percent penalty (if those expenses are greater than the IRA - holder's adjusted gross income by 7.5 percent).
Plus, three key regulatory changes have made these loans safer than ever by eliminating lump - sum withdrawals, covering non-borrowing spouses and requiring a financial assessment that ensures the borrower has enough money to pay taxes and insurance.
So if you happen to not be one of those who is able to negotiate a higher salary, or have parents or a spouse who is happy to support you, or have loads of savings or a pile of money that someone has bequeathed to you, and your debts are more than your yearly salary, and you have access to sufficient credit to cover all or a significant chunk of your student loans (and any other consumer debt), then bankruptcy after flipping the debt might be a good option for you.
A surviving spouse who is younger than 70 1/2 and doesn't need the money generally should make the IRA her own.
When it comes to who you spend the most money on during the holidays, 38 % of respondents said their dog, beating out kids (36 %) and spouse (26 %), and if holiday expenses had to be cut back on this year, 55 % of people would spend less on their spouse than their pooch.
The receiving spouse also benefits from lump sum spousal support because he / she can take that money and invest it somewhere or buy a property with it and earn interest on it rather than having to wait each month to get paid or be dependent on his / her ex-spouse.
Our BC Family Law Act cases can involve more than the two spouses when parents of one of the spouses are involved with advancing money to the couple.
Typically, spousal support in Loudoun County is paid when parties have been married and one of the spouses earns a significant more amount money than the other.
Before long, your spouse will figure out that this process is costing them more money than it's costing you.
It does not sound as if the spouses could have arrived at a mediated solution — but if they had, the wife might have got more money than the Court of Appeal has given her.
This can be an equal amount per spouse or perhaps one partner will kick in more money than the other.
Another benefit of this system: It keeps money matters on a level playing field, even if one spouse earns more than the other.
If you choose to name someone other than your spouse as a beneficiary, some states require your spouse to sign a form waiving rights to the money.
If either spouse is not committed to careful money management, it could actually cause more problems than the first - to - die policy was meant to solve in the first place.
Joining policies with your spouse once you're married in Boise, ID will save you more money than if you keep your separate policies.
This strategy assumes that upon your death, your spouse invests the death benefit proceeds, which will earn a conservative 6 %, and draw off of that money to pay down the mortgage over time, rather than apply the entire $ 350,000 to the mortgage balance immediately upon your death.
Even if Jim passes away tomorrow, his spouse will have more than enough money to last her the rest of her life.
If you want to leave money to your heirs and have a spouse, a second - to - die joint life insurance policy is likely to be significantly less expensive than purchasing individual policies.
For example, if you haven't settled with your spouse because you feel you deserve a larger than 50 percent share of the marital property and the judge states in the pretrial hearing that he would not rule in your favor, you might not want to spend the time and money on trial because you're probably not going to get what you seek anyway.
Typically, an uncontested divorce occurs where both spouses understand that it would cost them more money to litigate a divorce than either one of them wants to spend.
Unless these funds are owned by one spouse alone as a result of money from before the marriage or as a result of a gift from someone other than the other parent, the funds will be divided along with all of the other assets and debts of the parties.
Under the old tax law, because the spouse receiving alimony or spousal maintenance is usually in a lower tax bracket after a divorce, more money stays with the divorcing couple rather than going to the Federal Government.
However, being the breadwinner (i.e., earning more than a spouse) was associated with men being more likely to cheat; the opposite was true for women — they were less likely to cheat when they made more money than their husbands.
My experience is that the benefit of having such neutral experts at the table results in a better, fairer settlement which focuses on the children's best interests, and which, in the end, can actually save you money as the process is more likely to move along more quickly than if the emotional roadblocks are not addressed by an expert who can help the spouses move around, over or beyond them and on to a final settlement.
If both you and your spouse are motivated and ready to move forward, Collaborative divorce tends to take less time and cost less money than litigation or more traditional negotiations.
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