Reply to Are there really men whose dream it is to have their wife not need to work?

Forum Index » Relationship Discussion (non-explicit)

Reply to "Are there really men whose dream it is to have their wife not need to work?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Please make sure you have your own retirement savings. So many women I know were SAHMs until divorce happened. [/quote]
You should get half of his retirement savings in a divorce. The bigger issue would be lack of current income. [/quote]

People live a long time.  1/2 retirement is not enough to live on/retire on for a woman in her 50s faced with entering the job market for the first time in over 25 years.

I have a parent in assisted living. You have no idea how expensive those places are--my mom can afford it on her own retirement + my dad's pension after he died.  I can't imagine how women left stranded could make retirement/old age work...it's of epidemic proportions--elderly care and lack of housing and the astronomical expense.  Americans are ill-prepared.[/quote]

They only get 1/2 of what was earned during the marriage and [b]since they can't really contribute much after the divorce they are screwed and working into their 70's.[/b][/quote]

This. They lost the magic of time (aka compounding returns) in their peak earning years and there's no amount of saving they can do to "catch up" when they re-enter the work force in their 50s.

If you were SAH from 2010 to today, you missed the greatest bull run in history caused by ZIRP. One we likely won't see again in our lifetimes because we are getting burned on inflation. If you get divorced in your 50s in 2027, there's a good chance your investments as you re-enter the workforce will see a "lost decade" of returns (similar to the 2000-2010 period). [/quote]

Oh yes, Honey, yes!!!!!!!!!!!!!!!!!!!!!!!!!!!  My own TSP went through the roof.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics