Business Update

 

By Robert Pagliarini, Tribune Media Services

 

In a divorce, a woman’s life is turned upside down — nearly everything about her existence changes. But for the man, sometimes the most he has to change is his phone number and address. Women who had left jobs to raise families are at a significant disadvantage and find it difficult as they try to re-enter the workforce they left years earlier. I don’t have marriage advice, but if you do a few simple things in the other eight hours, you can survive a divorce and get back on your feet as quickly as possible.

Tribune Media Services

 

Q: It’s been suggested that I withdraw about 4 percent of my retirement savings ($430,000) each year in addition to my current income of approximately $3,000 per month. I am 70 and my wife will turn 64 this year. We have no mortgage payments, although we do have a $550 monthly car payment for the next five years. Does 4 percent sound about right? – R.B., via the Internet