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Relationship Discussion (non-explicit)
Reply to "How common is it to regret getting a divorce?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think there’s a lot of regret, but not all of it regretting the divorce. Divorce typically comes with a big financial hit that can take many years to recover from. [/quote] +1 Divorce is the single worst financial decision you can ever make. Your worth gets cut in half and your expenses double. So basically you are left to live on 25% of what you had. Often, people who aren't the earners in the family don't understand the gravity of this. Divorce should only be a worst case decision, not simply because you're "unhappy". It's much easier to work towards " happiness" within a marriage, when you're not also going through financial hardship.[/quote] It wasn’t my choice but I regret it. Our retirement plans were joint and made sense for two thoughtful, financially measured people. When DH bolted and our savings and retirement were split and our equity was split before it could grow for the amount of years we’d planned…well, 25% for me is definitely accurate. DH’s career is just entering the years where his comp will grow in a way that’s a reward for all the grinding years before. Mine is entering the years where any year could be the last. I regret ever meeting him, but I don’t think that’s what OP was asking![/quote] Does he at least have trusts for your kids? Or are they SOOL too? [/quote] 529s underfunded because he believed that it made more sense to use them as a rolling tax protected tool to pay for private school tuition each year and then pay in cash flow along the way for college and invest in better vehicles for the long term. One not rich grandparent on my side has put a bunch away, though. [/quote]
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