Reply to What a self made multiple millionaire would do in your shoes to increase your net worth.

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[quote=Anonymous]My situation is somewhat thorny and unique.  I honestly can't think of a better place to get advice without spilling all my beans to family or friends!  I am paralyzed about making my next financial moves: 1)as a divorced mom of three, or 2) hold on for another couple of years to see if I marry my BF, which seems pretty likely.

Me:  44, divorced with 2 elem aged kids, and one going to college this fall.  Likely to marry my BF in a year or two.

My income: 120K, company car, 5% company match which I fully take, 2% profit share/yr, great benefits including $1000 toward HSA each year.

BF's income (we are not currently nor planning to live together):  ~$175-250K in sales, company car, $30K loan for truck, no company match on retirement, potentially high medical bills due to chronic illness, one child in high school.

My assets:
Home: TH worth $450, owe $320 at 4.75% (I should refinance but if we get married and get a new place...see?)  PITI: $2200, HOA $100, 401k loan on DP $200/mo=$2500/mo payment fully loaded
401K: $360K invested in mix of 1/3 each: Large Caps, Mid Caps, and Company Stock (financial)
Retirement Account/ Pension fund:  $90K
Savings Liquid: $40K in the bank (see paying off CC debt)
CDs:  $12K
529b: $20K
Child Support: $700/mo for two small kids (a joke)

My expenses:
Debt: $25K credit cards @15%, 13% from divorce costs
Mortgage: $321K

BF's Assets (vaguely):
$500K retirement from prior employer, rolled over to an IRA
Partial of ownership (~$150 equity) of a small corporation, hoping to grow the business and sell in 6 years for $3-5M.
$50K savings accounts
$40K college fund 529b

BF's Expenses:
Rent: $2K/mo (he rents due to a short sale/ divorce and can buy in another 3 years, assuming it's a 5 year ban for the short sale)
Beach house: $1K/mo year round
Truck loan: $30K
No card debt, no student loans, no liens
Child support: $800/mo for 16 y/o

Neither of us expects any inheritance from parents, though he could have another banner year in sales making >$500K anytime the market decides to recover.

Would also love to hear OP's thoughts on proceeding full speed ahead solo with a refi or selling and getting into MF home w/ a basement rental in the VA burbs, or pausing thoughtfully (or investing in other than real estate) for 1-2 years to buy a new place together.

Thanks!

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