I got killed in a nasty divorce last feb. by a judge who spilt all 50/50 without a trial tho the x was faulted, and left the children out of the equation.
I am 56 and have the 3 (16,15,12) children with 85 per month support from the x, (who never vists or calls or adds to that) lost half my variable annuity and half my savings and my rental house, which was to be used for children education. Assets have now appreciated to
700k in variable annuities (TIAA-CREF)
200k in individual stocks (20k of that in state muni bond)
30k in a small ira that can't be added to (tax laws changed) (It was owrth 17k last April; I'm happy ewith that)
home with 100k mortgage but about 150 equity but in need of lots of repair
car with little equity
no debt besides the mtg and car loan
I have a pour over will in a revocable trust.
I know I'll be OK but i'm very worried about children's education and being able to retire.
about 1000 goes into retirement biweekly; 250 per month to stocks.
I'd really appreicate any ideas . I considered a financial manager type but I think i'm on the right track without that extra cost. Oh, and i'm at Schwab and am concerned that a full service broker choice may be better for the 200k (It was 160k in April-I sold off and bought and its 200 k as of Dec). However i hate the cost. Maybe i'm just being insecure but i'd appreicate any advice on how this looks. Thank you thank you.
Thank you thankyou.