Will I Have to Go Back to Work After My Divorce?


Going through a Pasadena divorce is never easy, but it's especially challenging if you've been a housewife for several years and are now facing the possibility of having to go back to work.

Unfortunately, even relatively wealthy divorcees will likely need to think about earning an income at some point. As a rough guideline, you need a nest egg that's at least 400 times your monthly expenses in order to live off the interest alone. However, this does not take into account cost of living adjustments or special expenses you might encounter such as high medical costs due to an accident or a chronic illness.

Another problem to consider with planning to live off the interest of your investments is that this takes great financial discipline. If you have several million dollars in your bank account, it's going to be hard to resist the temptation to splurge on designer clothing and fancy vacations. Occasional splurges are harmless, but repeatedly dipping into your nest egg will quickly lead to financial ruin.

Do not count on alimony preventing you from needing to find a job. Judges rarely award permanent spousal support and most spousal support awards require that you have developed a plan to become self supporting -- even if you need to go back to school in order to train for a new career.

It can be very intimidating to go back to work if you've been out of the workforce for several years, but it's not impossible. There are professional career counselors who can provide job-hunting advice for your specific situation, including tips on how to prepare a great resume and how to ace an interview. If you need to go back to school, almost every college has special support services for adult students.

How Can We Help?

Please call our office at (626) 683-8113 or email us at info@PasadenaLawOffice.com if you are in need of legal representation for your divorce. Our team of skilled Pasadena divorce attorneys can answer questions that you may have about alimony, child support, and the division of marital assets while we help you to obtain the most favorable settlement possible.