SAHMs, how much money do you have in your own name that is not joint?

[Anonymous]

DH earns a very high income and most of our accounts are joint. I have a savings account from high school that has around 30k in it and around 150k in my old work 401k. We have a net worth of about 2 million but most of it is in DH's name or joint. For example, our house is paid off. I feel like I should have more retirement savings of my own. We are in our late 30's with 3 children.

[Anonymous]

I can see the pitchforks coming. Brace yourself, OP.

[Anonymous]

Answering for my DW, the contents of her IRA, small pension (not yet vested), and what's in her wallet.

All of our accounts that can be joined are joined. The paid off house, the money in the mutual fund, the bank account, etc. We meant our vows; if I go early, everything is hers, and vice versa.

[Anonymous]

Oh, I don't pay attention to all that financial mumbo jumbo, lols.

I am assuming I've got a zillion dollars or something like that.

[Anonymous]

$0, but we have a post-nup that is very clear on what I'd get of our assets, including ones that are technically in his name because they can't be joint.

Didn't have a pre-nup and that was fine, but got a post-nup before becoming a SAHM. Don't think I'll need it but I am happier and sleep better because I have it, and DH is happy if I'm happy.

[Anonymous]

none!

[Anonymous]

All of my money is mine. $150K total (cash and retirement).

[Anonymous]

but most of it is in DH's name or joint

Isn't the distinction REAL important?

[Anonymous]

Anonymous wrote:Answering for my DW, the contents of her IRA, small pension (not yet vested), and what's in her wallet.

All of our accounts that can be joined are joined. The paid off house, the money in the mutual fund, the bank account, etc. We meant our vows; if I go early, everything is hers, and vice versa.

OP here. I would get everything if DH does go early. It is in his will and life insurance policy. We have no prenup or postnup. All our assets were acquired after we were married so no inheritances.

I just feel like I should have more in my name only.

[Anonymous]

Anonymous wrote:

but most of it is in DH's name or joint

Isn't the distinction REAL important?

Our cash ~$500k is joint. Houses are joint. DH has some brokerage, IRA and 401k that is in his name only. I think he has around 400k or so in those. Not really sure.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Answering for my DW, the contents of her IRA, small pension (not yet vested), and what's in her wallet.

All of our accounts that can be joined are joined. The paid off house, the money in the mutual fund, the bank account, etc. We meant our vows; if I go early, everything is hers, and vice versa.

OP here. I would get everything if DH does go early. It is in his will and life insurance policy. We have no prenup or postnup. All our assets were acquired after we were married so no inheritances.

I just feel like I should have more in my name only.

It depends on your outlook on life, marriage, etc. We've got no nups either. I suppose our vows were the prenups and our kids are the post nups, ha. I don't think it bothers my wife because she knows we're in it together for life. We also joined all our accounts before we made the SAHP decision too, so it would be weird to split things up now. We'd have a joint IRA if that were possible.

[Anonymous]

Everything should be joint.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Answering for my DW, the contents of her IRA, small pension (not yet vested), and what's in her wallet.

All of our accounts that can be joined are joined. The paid off house, the money in the mutual fund, the bank account, etc. We meant our vows; if I go early, everything is hers, and vice versa.

OP here. I would get everything if DH does go early. It is in his will and life insurance policy. We have no prenup or postnup. All our assets were acquired after we were married so no inheritances.

I just feel like I should have more in my name only.

It depends on your outlook on life, marriage, etc. We've got no nups either. I suppose our vows were the prenups and our kids are the post nups, ha. I don't think it bothers my wife because she knows we're in it together for life. We also joined all our accounts before we made the SAHP decision too, so it would be weird to split things up now. We'd have a joint IRA if that were possible.

OP here. I spend way more money than DH and he never says anything. Our finances were always joint when I was working. I had a nightmare yesterday where I had no access to money. I just feel like I should also be saving for retirement even if I am not working. DH has $5m as his goal for retirement. I am sure he will have several million in his retirement fund and he is contributing while mine has grown very little since I don't contribute anything.

[Anonymous]

Start investing on your own.

Mid-30s.
I invested my own money into stocks I picked myself and have about 100K now.
My husband gave me stocks in a separate account in my name, and that comes to half a mil.
The house is joint.
The rest is in my husband's name only.

[Anonymous]

I have roughly 10 million in an irrevocable trust. Our net worth as a couple outside of that (as we don't use it) is fairly significant.