spin_dry Posted September 12, 2019 Share Posted September 12, 2019 7 minutes ago, racer254 said: Yes, my buddy was paying a little over 1200 a month for 2 children. She was remarried, had her own business, and her new spouse worked as well, but the only income that mattered was what she reported on her taxes as her income. You’re still howling at the moon over someone else’s angst? Damn. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted September 12, 2019 Share Posted September 12, 2019 36 minutes ago, Zambroski said: It sounds like you are divorced or separated? I think that makes a difference in how you view parenting. It’s all psychological fodder but, having the “guaranteed” time for yourself probably makes a difference. We’ve stayed married and I spent far less than 50% of my time with my child her first 10-12 years. I was always gone but, every spare moment I had was with her and much of what I did was for her. It was a really tough and exhausting balance sometimes. You daughter couldn’t wait for you to leave. Gives her ears a rest. 1 Quote Link to comment Share on other sites More sharing options...
1jkw Posted September 12, 2019 Share Posted September 12, 2019 5 minutes ago, frenchy said: I got separated like 6 years ago. About 18 months ago a registered letter gets delivered. I open it up and it's my divorce papers. Didn't even have to pay a dime for them A guy I worked with was separated from his wife like 4 years, no kids no property, hadn't seen her at all in those years, she called him and said I want a divorce, he said who is this? She went absolutely nuts on him. 4 Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted September 12, 2019 Share Posted September 12, 2019 Divorces are bad shit! Neal Quote Link to comment Share on other sites More sharing options...
XC.Morrison Posted September 12, 2019 Share Posted September 12, 2019 11 minutes ago, racer254 said: Yes, my buddy was paying a little over 1200 a month for 2 children. She was remarried, had her own business, and her new spouse worked as well, but the only income that mattered was what she reported on her taxes as her income. Ouch. I just ran the numbers and it came out to a flat $259,200 if you had to do that for 18 years. Now say you invested the same payments in the market every month, for 18 years at 12% annual return, you'd have $899,131. At least he'll be fulfilled Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted September 12, 2019 Share Posted September 12, 2019 30 minutes ago, racer254 said: Yes, my buddy was paying a little over 1200 a month for 2 children. She was remarried, had her own business, and her new spouse worked as well, but the only income that mattered was what she reported on her taxes as her income. yes thats how it works. $1200 aint bad. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted September 12, 2019 Share Posted September 12, 2019 8 minutes ago, XC.Morrison said: Ouch. I just ran the numbers and it came out to a flat $259,200 if you had to do that for 18 years. Now say you invested the same payments in the market every month, for 18 years at 12% annual return, you'd have $899,131. At least he'll be fulfilled Now you have an investment tool that gives you close to 100K/yr. Basically shattering most DB pensions. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted September 12, 2019 Share Posted September 12, 2019 Just now, Angry ginger said: yes thats how it works. $1200 aint bad. $1200 for two kids is pretty good. Quote Link to comment Share on other sites More sharing options...
XC.Morrison Posted September 12, 2019 Share Posted September 12, 2019 Just now, ArcticCrusher said: Now you have an investment tool that gives you close to 100K/yr. Basically shattering most DB pensions. I trust the math. Whether or not one actually achieves sustained 12% annual return is another matter of course. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted September 12, 2019 Share Posted September 12, 2019 1 minute ago, XC.Morrison said: I trust the math. Whether or not one actually achieves sustained 12% annual return is another matter of course. 12% is tuff, but 8-10% is what I would actually target. Its exactly what my private equity portfolio is delivering and will do so even if the markets tank. Quote Link to comment Share on other sites More sharing options...
XC.Morrison Posted September 12, 2019 Share Posted September 12, 2019 1 minute ago, ArcticCrusher said: 12% is tuff, but 8-10% is what I would actually target. Its exactly what my private equity portfolio is delivering and will do so even if the markets tank. Yes, agreed. I just punched the numbers in on Dave Ramsey's site real quick: Quote Link to comment Share on other sites More sharing options...
racer254 Posted September 12, 2019 Author Share Posted September 12, 2019 (edited) 26 minutes ago, spin_dry said: $1200 for two kids is pretty good. Really, 1200, plus variable expenses, plus HC, while 50/50 custody? What were you paying? Edited September 12, 2019 by racer254 Quote Link to comment Share on other sites More sharing options...
frenchy Posted September 12, 2019 Share Posted September 12, 2019 17 minutes ago, racer254 said: Really, 1200, plus variable expenses, plus HC, while 50/50 custody? What were you paying? the formula is meant to ensure the children can live a life they were accustomed to pre-divorce at both dwellings. Not the children's fault the parents can no longer live as a single unit so whoever earns more bears the brunt of ensuring the children don't suffer when not with him/her. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted September 12, 2019 Share Posted September 12, 2019 1 hour ago, spin_dry said: You daughter couldn’t wait for you to leave. Gives her ears a rest. I spoke for a living. I like things quiet at home. Quote Link to comment Share on other sites More sharing options...
racer254 Posted September 12, 2019 Author Share Posted September 12, 2019 (edited) 31 minutes ago, frenchy said: the formula is meant to ensure the children can live a life they were accustomed to pre-divorce at both dwellings. Not the children's fault the parents can no longer live as a single unit so whoever earns more bears the brunt of ensuring the children don't suffer when not with him/her. I understand the concept. But this would also depend on if the household has more $$$ coming in, not just the income of the ex spouse don't you think? Just a reason I brought up the application for assistance. One formula bases it off household income, the other off strictly ex-spouse income. Edited September 12, 2019 by racer254 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted September 12, 2019 Share Posted September 12, 2019 8 minutes ago, Zambroski said: I spoke for a living. I like things quiet at home. What did you do? Walk into a hall filled with people and start talking. Everyone went into a trance and you had the joker’s team of crooks pick their pockets while they were unconscious? 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted September 12, 2019 Share Posted September 12, 2019 58 minutes ago, racer254 said: Really, 1200, plus variable expenses, plus HC, while 50/50 custody? What were you paying? I started paying in 1984. I remember it was $650 month at that time. It remained at 16% of my gross through 2000. I also paid her health insurance. My ex and I swapped the deduction year to year. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted September 12, 2019 Share Posted September 12, 2019 Just now, spin_dry said: What did you do? Walk into a hall filled with people and start talking. Everyone went into a trance and you had the joker’s team of crooks pick their pockets while they were unconscious? Not exactly. My personality is magnetic and my voice is hypnotic. They just gave me their money. Quote Link to comment Share on other sites More sharing options...
01mxz800 Posted September 12, 2019 Share Posted September 12, 2019 7 hours ago, Rigid1 said: You should see how pissed a woman can be that has to pay support..A whole nother level of anger.. my ex sure wasn't happy about it LOL 2 Quote Link to comment Share on other sites More sharing options...
Edmo Posted September 12, 2019 Share Posted September 12, 2019 23 minutes ago, 01mxz800 said: my ex sure wasn't happy about it LOL A friend’s wife was an exec. Caught him in their bed with the neighbor’s wife and divorced him. No she’s paying him bigly. Cracks me up. 1 Quote Link to comment Share on other sites More sharing options...
ManOnManOral Posted September 12, 2019 Share Posted September 12, 2019 10 hours ago, Mainecat said: What a selfish prick....really it’s food for kids how low can you go? Send me 5k i will buy food for my kid. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Blackstar Posted September 13, 2019 Platinum Contributing Member Share Posted September 13, 2019 9 hours ago, ArcticCrusher said: I just don't understand why some don't want kids. A buddy of mine and his wife decided not to have kids. They both retired at 47. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted September 13, 2019 Gold Member Share Posted September 13, 2019 7 hours ago, frenchy said: the formula is meant to ensure the children can live a life they were accustomed to pre-divorce at both dwellings. Not the children's fault the parents can no longer live as a single unit so whoever earns more bears the brunt of ensuring the children don't suffer when not with him/her. And when the child support stops usually the household has to adjust the standard of living without the support coming in. 1 Quote Link to comment Share on other sites More sharing options...
frenchy Posted September 13, 2019 Share Posted September 13, 2019 1 hour ago, BOHICA said: And when the child support stops usually the household has to adjust the standard of living without the support coming in. Of course. But by then the children are no longer children. Quote Link to comment Share on other sites More sharing options...
XC.Morrison Posted September 13, 2019 Share Posted September 13, 2019 (edited) TBH, divorced men saddled with extensive child support payments should be some of the biggest advocates for women achieving equal pay for equal work. Edited September 13, 2019 by XC.Morrison Quote Link to comment Share on other sites More sharing options...
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