Yeah. I would be left with nothing, Nothing! |
This. OP is a royal PIA |
The retirement income, if a 401k, is effectively joint. In a divorce, it is split. In the event of death, it is inherited. Furthermore, spouse has to sign off on it if it goes to anything other than the spouse. |
I would have hidden the money better. A girlfriend once told me that, if she could, she'd give me 10k (a lot of money in the 1980s) before I got married so I could always afford to leave when things got bad. Her mother was is a horrifically abusive relationship. I had 30k liquid, just out of sight, when I got married. And, when I was divorce with two kids, that money made a whole lot of difference in terms of our experience adjusting to life without a partner. Any woman to leave her future at the mercy of a shifting tide is a f&cking fool. |
I told my BFF something very similar. We met in HS and have seen each other through a lot. She is a SAHM and I am not. She once called me and asked what she was going to do... She had no money and no credit and they had been in counseling for about a year. I told her I would cosign her housing lease, cosign a CC, and wire her cash. We'd work through the emotional stuff once she got settled. She and her DH ended up reconciling but she knows that if she ever wants to leave I'll help her financially and emotionally. |
OP if you divorce the money you have saved up is a marital asset. |
This post is made up to make SAHM look bad. |
|
This post doesn't make SAHM look bad. It makes this particular OP look like a twit or a troll. Take your pick. |
This post was written by somebody at work who hates their job and all SAHM. |
This post is made up. I am a SAHM and I take care of all household finances. A real SAHM would be writing the check for the mortgage and not yelling at DH for paying the bill. |
OP, if you have enough money to squirrel away into a savings account, why aren't you putting that money into an IRA? |
You all need to educate yourselves. Maybe only two posters have a clue about what constitues a marital estate and they are 19:01 and 18:18. From the date if your marriage to the date of your separation all earnings and income are marital property absent a premarital agreement specifying otherwise. Inheritances, gifts, and premarital property are separate property. This is regardless of how the property is titled. So, the choices you make regarding both spouses working outside the home or one working inside the home will bear upon both of you in divorce. If Virginia at least, if one party works inside the home his/her nonmonetary contributions are considered in dividing the marital estate upon divorce. The account OP describes is 100 percent marital property and if she is worried about a lack of savings then she needs to contribute to the marital estate.
Everyone needs to understand these concepts and stop acting as though money earned during the marriage is either his or hers or if a spouse stays home he/she is not entitled to a working spouse's earnings. Absent a pre-nip it is ALL marital. |
Excuse me...18:01 and 19:18. |
True, but you have to go to court to get it. And many times when a divorce happens, one or both parties doesn't want to disclose or share. Each person in a marriage should have access to a pot of ready cash. But this OP is still a deluded brat. |