Median household, not individual, is $83k.I mean of course you can find examples but households with 2 $400k incomes isn't exactly normal. Quick google says only 2.9% of households have $400k+ total and only 1.5% individuals bring in that much.
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Median household, not individual, is $83k.I mean of course you can find examples but households with 2 $400k incomes isn't exactly normal. Quick google says only 2.9% of households have $400k+ total and only 1.5% individuals bring in that much.
Now how about the other scenario?I mean of course you can find examples but households with 2 $400k incomes isn't exactly normal. Quick google says only 2.9% of households have $400k+ total and only 1.5% individuals bring in that much.
For me personally if I married someone who makes even half my salary I'd be better off financially. That half would more than cover the cost of 2 kids, highest tax bracket would be the same but less would be taxed at it, regular utility and mortgage bills would stay essentially the same.Now how about the other scenario?
There is for one party to the marriage...Financial benefits of being married…….ok what am I not getting?
If you don't have a prenup then everything is pretty much fair game in a divorce settlement and if kids are involved it will likely be even more complicated. Have heard of stories where both parties were reasonable and just came to a settlement on everything with little argument because they just wanted it to be over with and closed and others that were just flat out nasty and drawn out for a long period of time because 1 party wanted certain things.Well the rate of divorce is above 50 percent. People also tend to get petty in divorces and take things to the extreme. There are some people that use it as a meal ticket and never planned to go until death do them part. Infidelity, bad financial behaviors, on and on.
You can always be married and file separately if your math works out that way. The additional income more then offsets the additional 3% tax from moving to a higher bracket.Now how about the other scenario?
This state has some ****** up laws.
Why would anyone want to get married? This is madnessBTW OP your friend is kind of an idiot. When I was going through my divorce I had to have my wife sign off that I could take a bartending gig that would not count toward child support. It was either that or I was gonna not take the job. It was just a job for fun but I didn't want it to increase my child support and it was possible it put me in a higher tax bracket. So I could have ended up losing money by taking the job. I explained it to her and she allowed me to get the job without going after more money. Dude should have known his ex was gonna come after everything. He should have had it signed off on.
Just don't be bad at it.Why would anyone want to get married? This is madness
Why would anyone want to get married? This is madness
Yep, seen it 100's of times. If your spouse is staying home with the kids as homemaker you've essentially guaranteed you will also be required support them even if they decide to leave you. I've had men crying in my office they were working 50-60 hour weeks to be the sole provider with the benefit of knowing their wife and kids are home; then realizing they have to do the same thing just to stay afloat after wife filed divorce and won custody of the kids.All states do and if anyone has been through a divorce, it's crazy lopsided against males. I am not doing a poor me thing even though my ex took me to the cleaners in our divorce (Money Wise).
Or, hear me out, 40 year olds are much different and more mature than 25 year olds and it's completely possible to find a person whose life and outlook on life fits better with your's now that you've gotten to know yourself better.Oh I never will again. It's a terrible idea to be honest. I understand when you are young you kind of get caught up in it and get married. Any male who has been married once and it don't work out, then get's married again must be insane. That is the only thing I can really think of when I see guys getting married again. Ohhh losing half of everyting you have worked for was not enough one time and you are gonna do it again? Ummm no not for me.
I hear that. Got married super young (19 yo) in a highly religious situation. Ex and I figured out we just weren't a good fit about 10 years and one child later. Divorce went very smoothly, and coparenting has been successful. I've read that statistically the younger you get married, the higher the chance for divorce.Or, hear me out, 40 year olds are much different and more mature than 25 year olds and it's completely possible to find a person whose life and outlook on life fits better with your's now that you've gotten to know yourself better.
Yeah, surprised the bank didn't red flag this guy too. A lot of places won't even loan if the financial situation isn't vetted.Marital / Divorce / Custody laws in Iowa favor the wife. There is no question about that, and any experienced family law attorney will tell you that.
However, in this case, pretty dumb move by your buddy to buy that place without anything protecting himself. When I bought a condo after my wife an I split, the bank had a contract that I had to get my soon to be ex to sign to specifically prevent this situation before they would approve the loan.
Or, hear me out, 40 year olds are much different and more mature than 25 year olds and it's completely possible to find a person whose life and outlook on life fits better with your's now that you've gotten to know yourself better.
Ya I tell myself that. Believe me as a 41 year old single never married man, dating is BRUTAL in modern culture.Or, hear me out, 40 year olds are much different and more mature than 25 year olds and it's completely possible to find a person whose life and outlook on life fits better with your's now that you've gotten to know yourself better.