Can I still be ok in the future post divorce?

[Anonymous]

35yo

$60k in retirement, currently putting $1200 in per month
$18k emergency fund
$140k equity in my house and 19 years til mortgage is paid off

$130k salary (new- was way, way lower)

No debt.

Childcare will end this summer and save me $2000 per month
Access to company sponsored health insurance in March will save me $700 per month

Tell me I have time to recover still.

[Anonymous]

What did you have before the divorce?

[Anonymous]

Yes, you can recover. You will be fine

[Anonymous]

You’ll be fine. You’re doing really well if you are able to keep putting 1200 per month in retirement.

[Anonymous]

Anonymous wrote:What did you have before the divorce?

A bunch of financial infidelity is the short answer

[Anonymous]

How long were you married? Your ex may have rights to half your retirement to date, and you to his.

[Anonymous]

You have plenty of time!

1) You need to know down to the penny how much you spend every month. Keep track of it.
2) Play around with online calculators. That will help you feel more empowered.

Perhaps start with these, then as you learn you can find other calculators.
https://www.calculator.net/retirement-calculator.html

Also, a good resource for learning about investing, a place to ask questions, is bogleheads.org.

[Anonymous]

my retirement account that was $0 when I was 40 is currently $700k at 50. as long as you can keep saving, you'll be just fine.

[Anonymous]

You are going to be great. You have plenty of time

[Anonymous]

Anonymous wrote:my retirement account that was $0 when I was 40 is currently $700k at 50. as long as you can keep saving, you'll be just fine.

You saved $700k in 10 yrs? What’s your secret?

[Anonymous]

Do what women do best. Find a financially stable man and pressure him to marry you. And since men are idiots it will work. Sadly it doesn't work for men lol. Well off women are smarter than that.

[Anonymous]

Anonymous wrote:Do what women do best. Find a financially stable man and pressure him to marry you. And since men are idiots it will work. Sadly it doesn't work for men lol. Well off women are smarter than that.

some of them are not that start to give financially stable man all that he wants.

[Anonymous]

what about me - 43F, nurse, $15K in retirement and add about $400/mo, $65K salary, and about $90K debt including auto and credit cards etc.

[Anonymous]

Anonymous wrote:35yo

$60k in retirement, currently putting $1200 in per month
$18k emergency fund
$140k equity in my house and 19 years til mortgage is paid off

$130k salary (new- was way, way lower)

No debt.

Childcare will end this summer and save me $2000 per month
Access to company sponsored health insurance in March will save me $700 per month

Tell me I have time to recover still.

Doing great. Don't put all $1200 and later $2000 into retirement. Regular investment account is fine. It may even be nearly tax free one day. Learn all about investing and taxes concerning you. You can get better returns on your own versus what work has for you.

[Anonymous]

Anonymous wrote:what about me - 43F, nurse, $15K in retirement and add about $400/mo, $65K salary, and about $90K debt including auto and credit cards etc.

$400 a month into a good ETF- VOO, QQQ, VTI, VUG for next 20 years and you should be fine. You got to work extra shifts to get rid of the $90k.
Don't forget, retirement account will be taxed as ordinary income if you put the money in pre-tax. You should have the $400 invested inside of a Roth.