4 ms·
I doubt I will be able to recover from mine. I'm paying $1700 per month in child support for two kids, even though I have custody of them 45% of the time. I ha
by dsnuh 8y ago
I doubt I will be able to recover from mine. I'm paying $1700 per month in child support for two kids, even though I have custody of them 45% of the time. I have Smith-Ostler riders to collect 12% from any bonus, stock option sales, RSUs, etc. I basically have to restart from scratch on my 401k, as that was used to pay off the divorce costs and equalizations. I finished paying off spousal support, which was another $1800 per month, but now I am so far in the hole that I doubt I will ever dig out. It's been over two years since the divorce, but I am still struggling just to make my mortgage every month.
I don't know if people on HN (who I assume a majority of are high earners) realize just how much money you can be on the hook for if you have a motivated ex-spouse with an attorney. My ex was a stay-at-home mom with a side business as a photographer. Good luck getting a fair shake in court when you get a W-2 salary, and the other party runs their own business.
Edit: typo - I have 45% custody, not 55% custody.
- deleted 8y ago[deleted]