wheretostart
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Reged: 02/06/07
Posts: 12
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Re: Just getting started and overwhelmed
02/06/07 08:57 PM
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Is your income consistently over $100k? no, 2005 I just hit 100k and then this year I did as well.
So you are saying she could reenter the workforce tomorrow and instantly make $45 to $50k? Her last position she was making $43,000, so i believe she can make at least that plus possibly a little more. She has been mentioning going back to work.
What kind custody do you want? 50/50. Or will she be primary parent? That hasn't been decided although more than likely she will be the primary.
Due to the fact that your marriage is under 10 yrs and she hasn't suffered much of a career interruption, I'm guessing alimony will be minimal. Can you define "minimal"?
You have to ask yourself if this is what you want for your kids. If she's willing to continue staying at home until the youngest reaches school age and you can afford it, that might be something you want to consider. Afterall, it's very hard to work full-time and be primary parent to 2 toddlers. That could drive even the most normal person insane. Is that the kind of life you want for your kids? Are you willing to take 50/50 custody and share that "pain" or are you expecting her to do most of it? I am not expecting her to do most of it. Of course I want what's best for my kids. 50/50 might get too complicated especially if I move to a different city. I will share the "pain".
If I were a man in your position, I'd be willing to pay alimony for 2 more years to keep my wife at home taking care of the kids. Then, once the kids entered k-garten, I'd expect her to return to the workforce to her best capacity. With our mortgage even when she returns, could be very tight for her. I suggested selling the house and she is against it. So you are saying I should basically keep things the way they are and support them 100% for the next 2-3 yrs? How does child support play into this? Sorry for the questions, but i am learning as i go...
Lastly, you would QDRO your 401k. That will allow her to roll over her portion of your 401k into a qualified IRA/401k with no penalities to anyone. It will also allow her to withdraw the $$$ and only have to pay income tax on it, but no penalities. Thank you for that info, what about Stock options??
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