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Marriage is bad for me financially
Hello, I am 58 years old and have a 17 year old child -- she has no father as I had her on my own.
Six years ago I got married. He has two children in their 20s from a previous marriage. All is good with us
a family but I took a tax hit when I went from single, head of household with one kid to married -- and we
file separately. We do this because we decided not to mix our money - he leaves his extra money if any to his
kids, I leave mine to my kid. We probably should not have even gotten married but we fell into the romance of it.
And that part is good. Sadly though, keeping our money separate is getting hard now. I recently lost my job
and live on my savings, which is fine for a while, until I work again (I will) but the worst part is college is coming
for my kid. I want to apply for financial aid -- I'll be paying for it as much as i can, I have a bunch saved, but not
at all close to what it all costs (WOW) so I'll need aid. But, now I'm worried as a married person they will request my
husbands taxes and they will impact what I can get as aid. He is not paying anything towards my kids tuition.
Since being unemployed we are on his medical, but that's new. I own the house we live in and he gives me some money for bills
but that's it. WE ARE SEPARATE financially.
My question. Should I get divorced -- LOL. I know that's a crazy way to fix this, but I'm being screwed for getting married as I was
not thinking about the money part. We both would be fine to do that ... we would stay together but not have this money burden
I don't want to be part of. My house is going to be left to my kid, it's in our prenup -- just FYI. Any tips?? Thanks, Rose