Pete

[cancunhound]

... in response to Re: Re: Solutions, posted by Pete E on Oct 4, 2003

if you were not accrueing anything during the term of your marriage.  Otherwise, it's a rubber stamp 50/50 for most cases for the piece that was accrued during marriage.  QDRO's (Qualified domestic relation orders) suck - IRC 401a(4) {Don't quote me on my regs, I'm just taking a break in the ball games now!).  And sometimes there are state issues to deal with such as California {clusterf%ck}.

But would 60 acres in Panama, with cow, be that bad?

[Pete E]

... in response to The pension sounds right..., posted by cancunhound on Oct 4, 2003

Its the 60 acres that would have a cow that sounds bad.Cow and fun just don't go together for me.Guess I stepped in too much cow sh!t in my life.Just joking,didn't take the cow thing seriously.
Yes,I know all about womens rights if they are married to you while you are accumulating the years inn the pension.They basically get 1/2 of the pension,times the years you were married and paying for the pension divided by total years.Some of my friends got bit big time on that.One guy,the director of planning at the City of San Jose divorced his wife after 27 of the 30 years to get the pension.She gets almost half.He was at the time the pension big hitter,$110,000 year.He gets about $68,000 of it.
When I got divorced the first time my wife had 2 years credit basically.Her lawyer tried to get her to go for itbut she said no.Another friends first wife gets about 25% of his.His second wife is pissed as is he.But thats not unfair I don't think.The interesting thing is the benefit would be almost nothing if he had not put in the 30 years.
BUT - -  did you follow what my wife could have got if I went back and re retired???Follow this,its huge!!Forget her 1/2 of 1/30 of the pension while I'm living.She would have got 1/2 of the pension for the rest of her life after I died.It goes up 3% a year.If I lived 10 more years it would be about $55,000 at that time.She would start getting half,and if she lived 40 years it would go from$27,500 to about $70,000.Say average $50,000 a year for 40 years.Thats $2,000,000.Plus medical and dental the whole time.I could have bought her that if I could have got myself hired back and worked one year.The problem is for that year I would have lost the $40,000 pension plus the $100,000 plus I make in real estate unless I made money part time.I thought about it.It makes huge financial sence.But I was so happy when I got to retire out of there 6 years ago and do what I wanted to do.And I would be really pissed if I handed her $2,000,000 worth of benefits and she still wouldn't give a sh!t about me.If what I gave her already didn't matter,neither would that.But she would have been one rich retired lady in Cali.
She would have thought it was a gift from god,I didn't really have anything to do with it.

Pete

[lswote]

... in response to Re: The pension sounds right..., posted by Pete E on Oct 4, 2003

You know my ex-wife and I were talking about a year after we had been divorced.  I was very unhappy being alone and started having some physical problems.  One of the reasons we divorced is she became a born-again Christian and she was going to church all the time and wasn't home much on weekends.  So when I mentioned to her how unhappy I was she said it was because I had lost my Christian covering when I had divorced her.  I was really floored by that comment because when I married her she wasn't religious but she had three small children without any financial support from the natural father and I raised them as my own, being married to her 13 years until the last one left home.  In other words I had been HER covering all those years, making sacrifices and loving her children as my own and she paints the situation as God had been taking care of her and the children all those years, not me.  And her gratitude for that protection was to say I lost by covering, that God wasn't looking out for me anymore.

[Pete E]

... in response to Re: Re: Solutions, posted by Pete E on Oct 4, 2003

I meant direct deposited to Panama.Panama has US currency as their money,plus many other advantages.

Pete

[H2Oh]

... in response to Re: Pete, posted by Pete E on Oct 4, 2003

GO PETEY GO!!!!! My only regret for you is the time you wasted on this woman that came here to live in your house. I don't want to use the word wife because from what I saw and see she was never a wife or companion to you. Run Petey and don't look back. Good Luck!!!

H2-Oh

[Pete E]

... in response to Re: Re: Pete, posted by H2Oh on Oct 4, 2003

Howard,
Thanks,After our last talk I thought you might be pulling your hair out when I said I was going to take care of her on the way out.But its got an advantage too.I don't want some lawyer telling her how she can get at me.There's not anything they can get I don't think,but they could screw up some of my plans.Plus I want to be on good terms with the family in Cali.That might be the first place I go for awhile.I am going to get a family friend to write them in spanish explaining  my side of the thing to them in a very possitive way,not knocking Rocio,who they dearly love.So if I run in to them in Cali with a chica on my arm they won't think I am the a-shole of the world.Another woman might be suspicious of what really went on with me and my wife.It would be nice to get a personal recommendation from her mother.
And there's Sebastian,what a good kid.I told him I'm sorry whats happening,he was taking it hard.But regardless of what happens with me and your mother I will always be there for you.If anything good has come out of this other than learning how not to do it next time,its that I was able to change his life and he now has opportunities he would have never had.He is a very bright kid,he can do anything he wants to do.Would not have been possible in Colombia I don't think.

Pete

[Pacino]

... in response to Re: Pete, posted by Pete E on Oct 4, 2003

You have a good attitude about all of this, I wish you luck..cuidate..