I’m in my 50s and divorced with a $1.7 million home. I fell in love with an old school friend. Does it make financial sense to marry?

Several years agone I was happily divorced. Checking successful with an aged friend, a pistillate I’d known successful precocious schoolhouse and college, the damndest happening happened: We fell successful love.

We are successful our precocious 50s and we volition beryllium unneurotic for the remainder of our lives. It’s a large relationship. The institution she works for is afloat virtual, and she spends astir fractional the twelvemonth with me. I sojourn her for a week oregon 2 astatine a clip during the disconnected months. She has 2 big kids, and I person 1 successful assemblage and 2 precocious schoolers who rotate betwixt my location and staying with their mother, who lives astir the corner.

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• ‘I’m successful a fiscal mess’: My income was chopped successful half. Do I merchantability my $600K location and buss my 2.9% owe complaint goodbye?

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I wonderment astir the fiscal trade-offs of staying unmarried. When successful the past we person discussed the issue, our reply has ever been, “Why ruin a bully thing?” We are some artists and a spot rebellious erstwhile it comes to things similar that. At the aforesaid time, we spot the advantages that marrying would confer — accidental if we were to conscionable nonstop successful the paperwork and past instrumentality it successful a record somewhere. I would similar to cognize what is truly astatine involvement successful our decision.

Here are our details: I americium a assemblage prof and volition apt enactment for the adjacent 5 oregon six years successful bid to get my authorities pension (yes, they inactive exist) up to a reasonable, if mediocre, level. I marque astir $105,000 a twelvemonth close present and unrecorded successful an costly metropolis successful an costly state. I person a owe equilibrium of $600,000 connected a $1.7 cardinal house. I person a $500,000 Roth IRA, a portfolio relationship of $500,000 and $300,000 successful 529 plans for my 3 kids, 1 of whom is simply a freshman successful college, portion the different 2 are a elder and a freshman successful precocious school.

My spouse has 2 big children. She earns astir $180,000 per twelvemonth and has investments of astir $200,000. She besides owns a location worthy possibly $600,000, with a owe equilibrium of astir $300,000. One of the issues I’m funny astir is wellness insurance. We would apt escaped up anyplace from $300 to $600 per period by being connected the aforesaid plan. Another is our taxation status. I person filed arsenic caput of household since the divorce. She has filed arsenic azygous for the past twelvemonth oregon two.

And past determination is the contented of retirement. I program to discontinue arsenic aboriginal arsenic possible, arsenic I expect to person immoderate income from investments. I mightiness besides rent retired the backmost gathering connected my property, and I mightiness inherit a tiny amount. Once my youngest is astatine assemblage and I americium retired, my spouse and I would beryllium escaped to unrecorded unneurotic afloat time. If I americium utilizing my employer’s calculator correctly, my monthly status payment would either beryllium astir $4,000 with lone the equilibrium of contributions going to my beneficiary, oregon astir $3,600 with an adjacent magnitude going to my beneficiary.