To @AB Bride:
not 100% sure I understand…
A to L method:
A + B = C – D – E = F / 2 = (G & H)
A = Your Income
B = His Income
C = Total
D = Fixed Living Expenses (Mortgage, Utilities, Insurance, Food etc)
E = Joint Savings (an amount you both agree upon for something like a vacation, home repairs, boat, whatever fits your fancy)
F = Sub Total
G & H = 2 Equal amounts
And then G & H are further divided… but done so individually
I & J = Equal Amounts you each agree to put into your Long Term Savings (ie Retirement)
K & L = Is Equal Amounts you both have for Spending as you like
So… Our RRSP contributions would come out of our Income EQUALLY at I & J
— — —
Now if you are talking about topping up a Spouce’s RRSP (Higher Income earner as a method to Tax Savings), then naturally that would be something that a couple would have to be worked out in some other way in the long term… same at the backend when it comes to sourcing income from an RRSP… altho I would think that would be easier, as it would be now going into the Income Column.
*For the record, when my Ex & I split, the issue wasn’t so much with what was held in his various Pension programs… as all that stuff is clearly well maintained by paperwork and filed with Revenue Canada etc.
What caused an issue, was the “extra money” that he had at the end of the percentage method that he was investing on his own, without a strong papertrail (ie I wasn’t entirely aware of upfront). So monies that he had in Stocks, Bonds, Investments, GICs, OTHER Bank Accounts etc.
Because we had used the Percentage Method of paying for things our whole marriage, I naturally ended up at the end of the process with less disposible money to spend and to invest. My Pension plans / Investment Portfolio paled in comparisson. Altho the law says I was entitled to my half of these things.
In the 5 Years from our Seperation to ultimate Divorce… he had a lot of time to “manage” that money to his benefit, and make it “disappear”
The Court System requires each Party to volunteer financial info. It can also petition paperwork… but altho that sounds easy, it isn’t. Especially so when you as a spouse don’t have a clue where to begin to look !!
The RRSPs were as I say easy to track down, much of the other stuff, never were… despite the fact that he outwardly told me, “Good luck with that… you’ll never see a dime of that stuff, as you’ll never find it”
And he was right…
That was until he was sick / died … then most of it showed up… and I could have petitioned the court to reopen our Divorce Settlement.
BUT by then I was past worrying about “fighting for it” (10+ years of this stuff being front & centre in your life is more than enough… it really takes its toll on you)… and by then I was with Mr TTR and long past that “horrible place in my life”. And as the inheritance was going to go to our kids, I wasn’t about to fight them over it (that would have been tacky & tasteless).
In time, I trust they’ll come to realize the type of man their Dad really was… but I figure it ain’t mine to tell them / burst their bubble. He was always a good father, just not a nice person or spouse.
But then alcoholics can be like that.