Thanks for all the input, it's given me a lot to think about. For those of you who might opine some more here are a few more details. I'm 57 and plan on retiring at 60 and drawing SS as a widower. My base salary is higher than hers and with RSUs that I will cash out each year until retirement probably double hers. Her divorce structure includes a lot of child support for tax purposes but evaporates when the kids are out of the house. Her income at that point does not support the expenses needed to maintain her current house and that house will essentially fund her retirement upon sale. renting out my house easily will pay my mortgage, taxes and insurance and provide for maintenance and perhaps even provide some income for me in retirement.
Ultimately her position in retirement should be significantly better than mine so I want to be careful not to sink to much money into her asset that I will have no direct benefit upon its sale, but I also want to ensure I'm paying my fair share. If her house had a mortgage there would be no question as neither of us could afford to live there and fair market rent in this house is not affordable for me.
As much as she would like to stay in the house it's probably more feasible that she move in with me and determine what she should contribute to my situation.
Ultimately her position in retirement should be significantly better than mine so I want to be careful not to sink to much money into her asset that I will have no direct benefit upon its sale, but I also want to ensure I'm paying my fair share. If her house had a mortgage there would be no question as neither of us could afford to live there and fair market rent in this house is not affordable for me.
As much as she would like to stay in the house it's probably more feasible that she move in with me and determine what she should contribute to my situation.
Statistics: Posted by MTMOriver — Mon Jun 10, 2024 11:38 pm