Tykimeister
Recycles dryer sheets
- Joined
- Aug 21, 2008
- Messages
- 98
Long story short, my girlfriend and I have been together since 2009 and we need to get married. We are both 30 years old. The thought or process of getting married isn't easy for me because my parents are divorced and I don't have a very positive perspective after seeing what they did to each other. But I do want to be with someone during my life, similar goals, maybe a kid, more family to visit, etc. So being "single" forever isn't something I am interested in. We both are frugal and save our money, we live below our means, healthy, college educated, stable jobs. There is just one thing I cant get a grasp on.
I started maxing my roth IRA every year starting at age 26. As of today its only worth $45,000, but when I retire it is going to account for most of my net worth. What responsibilities do I have to assure such assets cant be taken from me, due to a failed marriage? My girlfriend and I will both be maxing our IRA every year if we were married or not. But she didn't start hers until 2016 at age 29. How can I protect my premarital assets when they continue to grow as you are married, or if you continue to contribute to the same investment during the marriage?
From what I understand a prenuptial agreement only protects what I currently have. But I don't need protection for the $45,000 its worth today, but the $500,000 it will be worth in 30 years.
What would be the best way to settle a situation like this? I'm not worth very much and don't have any likely chances of inherited income. Aside from $30,000 in the bank all I really have is my roth IRA and a 401 (a) defined benefits plan at my work (vested, 8 years of service). I rent an appartment, own my car, no debt.
I know the best thing to do is probably talk to a lawyer. Which I plan to do. But I would like to see what others have experience on, horror situations to avoid, or different perspectives.
Thanks!
I started maxing my roth IRA every year starting at age 26. As of today its only worth $45,000, but when I retire it is going to account for most of my net worth. What responsibilities do I have to assure such assets cant be taken from me, due to a failed marriage? My girlfriend and I will both be maxing our IRA every year if we were married or not. But she didn't start hers until 2016 at age 29. How can I protect my premarital assets when they continue to grow as you are married, or if you continue to contribute to the same investment during the marriage?
From what I understand a prenuptial agreement only protects what I currently have. But I don't need protection for the $45,000 its worth today, but the $500,000 it will be worth in 30 years.
What would be the best way to settle a situation like this? I'm not worth very much and don't have any likely chances of inherited income. Aside from $30,000 in the bank all I really have is my roth IRA and a 401 (a) defined benefits plan at my work (vested, 8 years of service). I rent an appartment, own my car, no debt.
I know the best thing to do is probably talk to a lawyer. Which I plan to do. But I would like to see what others have experience on, horror situations to avoid, or different perspectives.
Thanks!