Thanks all it sounds like a very personal decision of which is not going to be an easy one. My oldest told me this morning that she loved her room....uggh. At my W's apartment she shares a room with our youngest since it is only a two bedroom and I know as she gets older she is going to want her own space.
I know first world problems.....right
I do know my W wants cash in her savings account and I would only be willing to give her more of the 401 if she didn't want to cash that out because me paying the taxes on it would not be financially smart. So here are my options.
1. Sell the house, we each walk away with our 1/2 of the equity and I go buy a smaller house. It would not be our family home but it would be a fresh start, each would have their own bedrooms and our dogs would still have a home. Also a smarter investment that an apartment.
2. Ask her if she is willing to take her portion of the equity and split it between cash on hand and the rest from additional 401k money with the intent that she will use that portion for retirement and not cash it out. She would then still have half of her portion of the equity in cash. This way I would only be refi half of her portion of the equity and not all of it
3. Move to an apartment, take my equity and live the single life!
