Divorced 15 years ago after a 25 year marriage, I recently filed to terminate or reduce permanent alimony because I was terminated from my job at 65. The court ruled that I had to find a job and/or pay alimony by liquidating retirement assets. The Net income from those assets would be less than the alimony, and my total income in retirement, including SS would be equal to ex-spouse who is 61. Ex has blown $800,000 in equitable distribution and other assets over past 15 years, while I've managed to save-back enough for a low-end retirement. Both ex and I have underwater mortgages, mine due to an attempt to help a child, hers due to a need to buy over her head. My only options appear to be: (1) work til I'm dead to support ex or; (2) spend down retirement savings and take my chances
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