It depends. Most likely, yes, but it isn’t guaranteed. Regardless contributing to two 401ks is better than only one. |
Have we even established that OP has a 401K that she contributes to now? |
Don’t worry about feeling guilty that you are at home taking care of the baby. From my own experience, it’s your husband who will feel bad leaving you alone to navigate first time parenthood while he goes into the office. Babies are tough. |
| I wish someone had given me this advice: I don't recommend staying home with the kids to anyone unless they have significant financial resources of their own, apart from their spouse, or a job that they know they can re-enter easily, if that exists. Otherwise you are taking a big risk to become dependent on a spouse. The employed spouse can leave for someone else and be fine because they can support themselves, leaving the stay-at-home spouse scrambling to find a job after years out of the workforce. It happens every day. |
It has been established that OP is already doing all (ALL.) house-related things already. Try to focus and answer the question that is actually asked. |
+1. Not sure why any woman would put herself in this position |
Absolutely agree. I really wish I could have stayed home's (couldn't afford to) - it felt absolutely unnatural to ship my kids off ALL day, and daycare is very rough on babies / toddlers. It's hard. And yes, all of our friends who have divorced are dual income families, and I agree there's something to the idea that that lifestyle breeds resentment (and stress) |
| There's nothing wrong with being a SAHM OP. Maybe make a plan that you'll go back to work when your child starts preschool or something. Your income isn't contributing anything and working to pay for daycare is absurd. |
It’s not too hard to figure out that a SAHM is less likely to divorce her husband. She isn’t working and would probably be forced by the courts to get a job. Most divorces are initiated by women. It’s like saying there aren’t many divorced in Saudi Arabia. I doubt it’s because they have such great lives. |
You can’t compare the rate of divorce of a sahm couple vs a dual working couple. Given that women are most likely the initiaters of divorces, of course the rate of divorce for the dual working couple will be higher. Women in those marriages actually HAVE the option to leave because they can financially support themselves. Sahms may want to leave but often they can’t because they can not support themselves if they did. |
+1. As a SAHM you don’t have many, if any, options. |
This. Taking care of an infant and the household is a full time job. Some people enjoy it, and some people don’t. There is no way to tell which camp you will fall in. But I guarantee that you will not feel like you are sitting around doing nothing while your husband is working. |
Well, all of our friends who have divorced had a SAHM. See how useless that information is? |
And what happened to them all? |
Haven't you two talked about this already? Maybe do it with a third party (rabbi, priest, counselor) and get down some personal and family goals for the short, medium and long term. THen talk about how congruent these goals are or are not. If you know you are married to a workaholic potential rainmaker, he is never going to do things around the house unless YOU make it a family goal. Heck, he might even dial it down to a Fed atty or in-house counsel job which pay just fine, have more reasonable hours, and allow him to be a more involved spouse and father. What are his goals? What does he want his role to be in his own family? Just a paycheck? A thankful and grateful paycheck? Someone has to manage the homefront, raise the kids, plan the schedule. And it's not all outsourceable. What did his parents do? Finally, what are your goals? If you aren't planning a higher paying promotion or job step then that has to factor in b/c $35k W-2 income for 40 hours of work is very low. I say this as someone who has worked at non-profits but made $200k/year since age 30, w grad degree. If you just want a lifestyle NGO and are not accountable for ROI for donor funds or demonstrating what the donations did for the cause (i.e. Gates Foundation), then leaving the work force is NBD. |