wheretostart
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Reged: 02/06/07
Posts: 12
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Re: Just getting started and overwhelmed
02/06/07 07:09 PM
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First we need some facts.
How old are the kids? 6 and 2.5
How long have you been married? 7 yrs
Did your wife contribute to your education or career successes in any manner? Not really, maybe she helped by staying at home and that allowed me to work more??
How long has your wife been out of the work force? 2.5 yrs
What is she capable of making? probably 45-50k
Will she need training/education to become viably employed? no
If so, how long will that take? n/a
How much money do you make a year and in what state? it varies, but last year 128k (58 salary, 70 bonus/comm) plus I exercised options worth 19k. I am in sales and live in Ohio.
How old are both of you?she is 37, I am 34
Who will watch the kids if/when she goes back to work? our youngest will more than likely go to daycare and our oldest is in kindergarden half days and will probably do daycare before and after school.
Assets are typically divided 50/50. However, you may want to consider a different split, in liew of alimony or for a reduced amount of alimony. Any suggestions??
Your 401k and stock should have a $ value. True, but most of my stock is options and not all are vested. The value could be misleading. How do you divide 401(k) without getting hammered with penalties?
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