I have been at my current job a long time and recieved annual increases to the point where I am literally off the charts when I look at salary surveys for my job. I have looked at job listings and talked to recruiters and if I have to change jobs, I will likely be looking at positions that pay 40% of what I make now. What happens if I get laid off? Even if I find another job quickly, I am likely to be making far less. Is alimony always a set amountor can it be a percentage?
Along the same lines, I was planning to retire in my early 60s. I could easily do it on about 20% of my current income if I am reasonable about living expenses. I have been saving enough in retirement funds to do that, but not if I am still paying alimony as if I were making my current wage.