My husband worked for a large Corp GE that immediately after reaching his 30 year anniversary, they made him take an early retirement pkg at the age of 59. He has a pension and a 401k plan. I have only a 401 k plan. He has chosen to stay retired and not go back to work. They allowed him to take his pension early ($1989.00 a month & it will go down to $1,500 when he turns 62 1/2 because he can collect SS then which will be almost $1700. A month) He is also withdrawing Funds from his 401k ($1,000. A month) to live off of as well. He has medical and dental insurance paid for for life. I'm still working at a job that I've worked at for 17 years. When he was working he made double what I did. We've been married 12 1/2 years. Needless to say ,he has been the primary provider of income in our house. I have a mentally ill daughter and have $27,000 left of a residential treatment facility debt from 5 yrs ago that was originally $90,000. We also own a home together that was purchased almost 7 yrs ago Jun 2nd. Thank you
You are entitled to your community interest in his pension. Spousal support depends on the disparity in income after you receive your share of the pension.
Your community property share of his pension is your separate property, but the support is decided by court or pursuant to a marital settlement agreement. Good luck. Zaher Fallahi, Tax Attorney, CPA.
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