Reply to Family of 5, appx $300K HHI - would you do anything different?

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[quote=Anonymous][quote=Anonymous]Just reporting back. 
I spoke to a friend who recently divorced and she said it doesn’t matter whose name the retirement funds are in - the default is that it gets split 50/50. 
I’m sure there are various stages of getting your $h!t together and I’m kind of in the not happy stage where I’m like crap - at some point I was spending less than I earned so had amassed a cushion but for quite a while now I’ve been spending more than I earned and now I have to figure out how to reign it in.

I am not yet at the part of my financial journey where I know what would be a good amount to save for retirement (though I expect my husband has some ideas) & if 17:39 is correct, then my husband actually has me on an accurate spending leash - and I really need to figure out how to stay within these new confines. [/quote]

The absolute minimal for retirement for you right now is if your company offers a 401k and a match, you need to be contributing the minimum amount necessary to get whatever match they offer.  Not doing at least this is leaving good "free" money on the table and makes absolutely no sense for someone making the money your are making.

Here are a couple of videos on the "FOO" - Financial Order of Operations which will help inform where you should be allocating your money and in what order:

https://www.youtube.com/watch?v=UfR9WqxDhGk[/quote]

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