Quick info:
Married 14 years. 5 kids, ages 4-13. Mostly amicable at this point. She filed a few weeks ago. We live in Utah. Her demand (or whatever) was for $2,600 in child support and $6,000 in alimony. (So $8,600/month combined.)
I work full time, she's a stay at home mom. No debt. We own our house.
I'm hoping to have a reasonable counteroffer we both can be happy with that she'll want to accept as-is and not go back and forth a lot. I'm happy to enable her to continue to be a stay at home mom until our youngest is in school full time and then to only work what she chooses for a while (she's applying to work at their elementary school) and be there for them after school/etc.
Numbers/my planned counter offer (rounded a bit for simplicity):
Asset split:
- She gets some cash, the SUV, and the House. (58% of the shared assets)
- I'll get some cash, some stock investments, the 401k, and a car. (42% of the shared assets)
Child support: $4500/month (based on my state's calculator)
Alimony: $3500/month
Combined: $8000/month
Annualized:
- $310k gross income (2023 AGI; $230k base, 25% bonus potential, stock awards)
- About $98k in taxes (if I was filing singly, but she lets me claim the kids; includes federal, state, and payroll taxes)
- About $96k in child support & alimony ($54k CS, $42k alimony)
- $116k left for me/my share of child expenses
So that's about 32% of gross to taxes, 17% of gross to child support, and 13.5% of gross to alimony (about 27% of income after taxes + child support).
The main variable here is my income has been down the last few years w/my company's stock performance. If all I made was my "regular" base salary, the ratios are:
About 32% of gross to taxes (probably a bit less at the lower income), 24% to child support (also a bit less at a lower income), 18% of gross to alimony (41% or a bit less of income after taxes and child support).
She's indicated she'll not agree to anything below a total of $8k/month. ($600 less than her demand.)
Is this a good deal? She can focus on being a full-time mom, have no house payment, and have $96k of tax-free income to support her and her half (and a bit more) of the kids' needs. I'll be able to (I think) afford to buy a house in the same neighborhood at some point soon so I can host all my kids as comfortably as they are in her house.
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