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Money and Finances
Reply to "Getting divorced and need financial reboot. Any advice?"
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[quote=Anonymous] You've been married less than ten years, and for someone in their late 40s have little saved in your own name. Obviously you need to earn more and spend less. The lack of savings at your income levels is pretty shocking. That is my tough love for you. You do have a retirement account and you have no debt, a great start. You definitely need to work full time. Think about it, you are now running a two person household and you, as the main breadwinner need to be working full time. Do not let your ex convince you to stay part time for his convenience. You will never save for retirement that way! The things I would want from the divorce settlement- a fair and reasonable amount of child support and share of his retirement. Next, given the income disparity, have him pay for college, private school, experience camps, travel sports, tutoring, etc.[/quote]
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