Been away from this blog for a bit – I guess that’s what happens when you find a new girlfriend – LOL. Well, I assume most of us are out looking – otherwise, you would be at home content with your ole lady. And so, I appologize for my absence, with work and a bit of travel, I’ve been pretty busy lately.
I found an investment I was interested in putting some money into. The vehicle pays monthly interest and if I buy it in a non-qualified plan I’ll have to pay taxes on it. I have some “free” money in my IRA (Individual Retirement Account) so I thought that I’d buy this investment in the qualified plan.
And so, I’m filling out the application and I come to the part where it asks for my beneficiaries. In other words, the company is asking, “If you die, who gets your money?” I selected my one and only beneficiary (in my case it is a trust – the ONLY way a man should secure his wealth).
Just below, I came to this question, “Are you married?” If so, you must have SPOUSAL PERMISSION to name anyone other than your wife as beneficiary.
If I’m married I don’t even have control over who gets my money when I die?
Well, here’s the catch. It’s not really your money any more. It’s 1/2 hers.
That’s right, as soon as you say “I do,” you also say, “Here’s 1/2 of all my shit. I thought at least you had to go to divorce court to settle it. But no, Federal Law is such that 1/2 of your retirement account is hers. Divorce, she gets 1/2. Die, she gets it all. She’s a crack whore and you want to leave it to your kids? You’re screwed, she gets the $
You can be a 63 year old man with a $4,000,000 IRA account, get married to your new Ukrainian wife, she runs off with the gym trainer and you decide to change your beneficiary to protect your money. Too late, you’re screwed. She’s already entitled. Ok, lets say that you have your son as beneficiary. Crack whore import wife runs off with the pool boy but you already set your kid up as beneficiary. You’re stuck with that finance company – you can’t leave or else you have to put the wife on as beneficiary. No doubt her divorce lawyer will have your ass in court anyway, but the fact that you don’t even have the authority to set your own beneficiary was shocking to me.
Why in the fuck would you want to get married if you can’t even control your own money?
If your woman wants a commitment, give it to her. She wants a ring, but it. Just don’t get a marriage contract or otherwise fall into “common law marriage.” If she wants to tell her folks she’s married, whatever. JUST DON’T SIGN THE MARRIAGE CONTRACT! It is financial suicide.
Not only does this Federally Required authorization make you get your wife’s signature, it even advises her to seek legal and tax representation.
When did men give up all of their rights? Only a stupid chump would get married today. At a minimum, set up a trust account and get a very very good prenuptial agreement. I’ll be writing more about trusts coming up – a very effective way to protect yourself – especially if you are considering importing a wife.
Good luck & good hunting men!
The use of copyrighted material in this website is protected by the Fair Use Clause of the U.S. Copyright Act of 1976, which allows for the sharing of copyrighted materials for the purposes of commentary, criticism and education. All shared material will be attributed to its owner and a link provided when available. All other stories, posts, reports, photos, videos and content on this site is copyright protected and is the property of the Western Women Suck blogpage, all rights reserved.