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Relationship Discussion (non-explicit)
Reply to "Economics of Dating a Divorced Man w/ 2 noncustodial kids"
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[quote=Anonymous][quote=Anonymous]My BF make $250k but pays alimony and child support to his 2 kids, ages 7 and 9. His ex-wife is a SAHM (does not work and has no skills or education). I haven't met his kids yet but they seem great and would be great stepbrothers to our future LOs. BF fully expects to pay for his kids' colleges, as he should. I haven't asked BF his monthly budget, but I'm seriously worried about getting really serious with him, marrying, and having 2 kids of our own and struggling because of his kids and alimony. I make $120k. I wonder if I should I get out before we get too serious.[/quote] 1) If he intends to pay for college, how much has he saved to date? If he has already purchased pre-paid Union and has a healthy amount in 529s ($50k), then itis close to being done. 2) Child support to Ex will only last ten years of your marriage (assuming the 7 year old will be 8 by the time marriage rolls around). 3) How long is the alimony supposed to last? I would think not beyond the children turning 18 at the very most. 4) DOes your possible fiancé own his current house? Do you own your current house? 5) How much have you saved for retirement? How much has possible fiancé saved for retirement? 6) Do you live inthe DC area or a lower cost area? 7) Do you plan or prefer to be a SAHP for your children or do you plan to work? You need to have a frank talk where both of you come to the table with your financials and financial plans for the future. Then you can see where things lie and if it is okay with you. "Honey, things seem to be getting serious between us and I can see a future with you. I think we need to talk about each of our plans and expectations moving forward." Then you can talk about kids, houses, finances, retirement plans.......... The whole kit and kaboodle. [/quote]
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