Unfortunately, MLC, A's, losing your mind is a human condition nothing more. Some of us have the ability to cope well when faced with adversity or temptation. For others it takes a lot longer and sometimes they never can.
Very well said. Next time, I hope I meet someone that copes well with life challenges not for someone that falls into temptation and runs.
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Oh..I also learned that my W's L is the one pushing for me to give her the cash equivalent to half of my 401(k). She mentioned to him that I wouldn't budge on this. Doesn't her L know that I work for an Investment Bank and understand the time value of money. I guess my W did not inform him of this.
If your wife wants 1/2 of your 401k because she doesn't have any retirement savings of her own, why would she want the cash equivalent? There are no tax advantages in doing it that way. If she wants half, you should do a QDRO. Then, the account would be split. I have only dealt with the pension side of QDROs so don't hold me to this, but I would assume that she would be entitled to 50% of your 401k balance as of your D date and then she would roll that into an IRA of her own. With you keeping the house and buying her out, it doesn't seem like you would have enough cash to give her half of your 401k. Plus, your young enough, so you still have plenty of time to build your 401k back up...of course with being in the investment field, you should be able to get twice the return the rest of us can get (if only it was that easy).
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I cannot wait for the day I can walk into my house and relax knowing that my W is not lurking.
Glad to see that you have gotten to the point that you know that you are going to be okay without your wife. You will be able to put 100% focus on your girls and yourself and you won't have her watching over your shoulder. Have fun on your vacation to the Wisconsin Dells with your girls. Looks like we both have our well-deserved mini-vacations coming up this weekend.
M:28, D finalized: 8/28/07 Current Thread
"When life gives you a hundred reasons to cry, show life that you have a thousand reasons to smile."