u/BinghamL

Divorce. Any blind spots?

It's still not real yet, but it's clear I need to take steps to protect myself financially at this point. Seems things are amicable at this point but I'm not sure they'll stay that way while we untangle everything.

37M (me), wife is 34F. About $110k/yr income each. No kids.

House worth 700k-750k, owe 500k

401k - 340k (me), 143k (her)

Trad. IRA - 32k (me), 21k (her)

Roth IRA - 17k (me), 0 (her)

Shared brokerage 44k total

Checking etc combined 15k

Shared vehicle 25k, no loan

"Sellables" (excavator etc) about 20k, no loans

We've been on our way to this point for a while now, but of course all came to a head right after closing on a Friday. So I haven't contacted a lawyer yet but I intend to. Any particular kind that is more well suited to this than another?

Changing passwords on my accounts now.

What else are the gotchas or key details? I read / hear all the time that divorce is one of the biggest hits your FI plan can take so I'm really scared I'm going to miss something huge. My mind is spinning, if there are resources as to how to to about this with FI in mind, please point me to them. Thank you.

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u/BinghamL — 6 days ago