The situation: I may retire 11/06 with $75k per year from pension at age 50. We currently live in California. We have $1,000,000 dollars in equity. I also have $185k currently in TSP/401k account. I have been married 6 years to a 36 year old wonderful woman, who does not get along with my 20 year old daughter. My wife does not have any kids.
I am afraid of the long haul. When I die, will she share the wealth with my daughter? Is it true that the longer we stay together, the more of my pension she can take? What about other states? We are considering moving to either Colorado or Nevada. Would my situation be any better in those states? Here in California, she makes $90k a year, to my $165k. After retirement, I will make $75k. If we move, neither one of us will work, at which time my pension will be our only income. Would waiting till we live in Colorado, a non-community property state, help my situation?
Thanks in advance for any response.