I have been in a relationship with a railroader who seems financially bogged down by his ex and their 2 kids. He plans to retire in 5 yrs and says he will be set financially with railroad retirement. He hasnt really saved anything for his retirement and I am afraid his ex wife will come in to claim a share of the benefits.
I am 12 yrs younger than he and I dont want to marry him if its going to ruin me financially. I guess what I am saying is I do not want to support a man who made bad financial decisions and is dependent on me to pay his medical bills and support him because his ex wife has 1/2 his retirement and still has her finger in the pie so to speak. He says she is not entitled to retirement from him because she has re married.
He has health problems. Does the railroad continue to insure him or will he have to purchase his own insurance after retirement. We dont talk about it because he plays stupid and acts like he doesnt know the answers. Any helpful suggestions?
2007-10-09 03:47:07 · 3 answers · asked by happydawg 6 in Business & Finance ➔ Personal Finance
As to the ex getting part of his retirement that should be in the settlement papers. My sister got part of her ex's retirement in her settlement and it will be taken off his payments and sent to her.
Insurance will be in the retirement settlement. Some give good insurance and some don't and he'd need to get additional insurance or be covered under your policy where you work.
If you feel this strongly about finances now then you should get on with your life with someone else. One needs to be realistic but you're seeming very cold-hearted.
Also, if he refuses to talk about the realities or you both don't want to talk about it then that's not a good thing for a long-term relationship.
2007-10-09 04:09:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
He might not really know the answer. Railroad retirement and health insurance are known for avoiding giving straight answers, and for screwing over the railroaders at every chance they get. Even if he has asked the right questions, they don't give straight answers, or pass the buck until you are playing telephone leap frog with people from both agencies, and eventually give up.
2007-10-09 03:59:57 · answer #2 · answered by Sarah J 2 · 0⤊ 0⤋
He really needs to analyze his advantages first. If the railroad has a sturdy coverage retirement kit he might want to be better off staying with it. He also needs to pass to the social protection workplace and get his retirement papers all started so even as he retires the advantages will commence instantly with none put off.
2016-10-20 06:11:15 · answer #3 · answered by ? 4 · 0⤊ 0⤋