if you SAH, how do you plan for DH leaving, dying, etc.?
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Anonymous
| I'm pregnant with our second, and I'm thinking of SAH, but I am really nervous about reality of being a one income family. What if DH is injured or gets sick or worse? How do you plan for divorce (don't think its at all likely, but I don't live under a rock)? I can't imagine not contributing to a retirement plan and just hoping DH is there for me. Does everyone who SAH just have it so good that these aren't real worries? How did you plan? |
Anonymous
| I never thought about that until I moved here and heard women's opinions on sahms. I find it a non-issue. If we got a divorce I'd take half and child support. I work in a field where I could pick up where I left off with no problem. |
Anonymous
| I haven't really planned for divorce, but we have life insurance for both of us in the event of death (DH would have childcare expenses he does not currently have if I died). I also do things to keep my skills and network up as I do plan to return to work when the kids are a bit older. |
Anonymous
| Life insurance. |
Anonymous
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we both work, but still have life insurance policies in case one of use were to die. Stay at home or not all parents should have life insurance.
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Anonymous
Do you have an enforceable pre or post-nup that says this? |
Anonymous
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Life insurance is a good idea.
As far as divorce...I don't plan for it. Seriously. The way we make our marriage work is that we are both in it 100%, no contingency plans. And I wouldn't stay home if I wasn't sure about that. |
Anonymous
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I WAH for that reason.
DH had great insurance --life, disability, and makes a boatload--but we are in our 40s with young kids. I want my own retirement fund. I like my fed benefits. I like the security of never having to rely on a man--it gives optio a even if you never need or want to use them. |
Anonymous
Yes. |
Anonymous
| I would only SAH if DH had fantastic life insurance and short and long term disability insurance. |
Anonymous
How will you fund retirement with only one person contributing? |
Anonymous
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We have life insurance and I can go back to work.
It must be horrible to live your life thinking of the worse alway. Yuck. |
Anonymous
| Good life insurance on both of us. I don't plan on divorce. Like PP, I would not be a SAHM if I thought that would ever happen. I know there are surprises, but I'm not planning for that one. |
Anonymous
+1 |
Anonymous
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It must be horrible to live your life with the uncertainty of "what if" over your head.
I totally get the OP. My MIL was married for my FIL for like 33 years. They ended up getting a divorce. She has nothing. She had a small savings and a small inheritance. None of her own retirement savings, no real social security because she didn't work much / contribute much. So at age 62 she had to start over. my FIL has to pay alimony and all that, but I'd imagine the whole painful process would have been a lot easier on her if she had her own money somewhere. I'm sure she assumed everything would be fine, I mean 33 years? Life insurance is a different story - it's helpful. But relying on your spouse to provide for you for the rest of your life isn't a sure thing. It's best to be realistic, it's not "worst case". It's protection. |