Reply to Working Moms and Do It All Expectation

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]People who say they work in case their husband divorces them or dies.

My friend married since 2006 to his wife who actually was so anxious to be a stay at home quit work while they were engaged to help plan wedding and she moved in. Well since then they bought a new home worth now around 3 million. Have two cars, I know my friend who makes around 500K has made almost 10 million in salary during marriage. And he goes max 401k and does IRA for her and has 529s fully funded all three kids. Since marriage greater than 10 years she gets his SS. In divorce she is entitled to 1/2 at this point, plus alimony, child support and if he drops dead she gets it all plus his multimillion life insurance policy.

Why would she need to work? Do you really think her making 100K a year is even going to matter. She did not have a big job. At his age he has around 10 million invested he makes around 1-2 million a year just on dividends, interest and capital gains a lot of years.    [/quote]

Now do the math for if he had died or divorced 5 years into the marriage. Or if (like the majority of Americans) he didn't make 500K. You're being ridiculous and you know it.[/quote]

Well there was no pre-nup. He was making 500K premarriage. He also had maybe back then just two million in assets. By year five she had 1/2 of 2.5 million in earnings and maybe 1/2 of one million in interest, dividends and capital gains. So maybe she have 2 million. She only made 50K a year pre marriage. So she have to work 20 years to make that.

I give credit he had a 1.5 million home in his name alone in 2006 he owned outright as got lucky in 1999 internet bubble and bought it Feb 2002 and paid cash. She then got him to buy a two million home in both their names by 2010. BTW he also invested pre-IPO in Circle as an advisor he mostly likely made 10 million this month alone.

And also who takes care of kids. By marrying a 10 year younger person in perfect healthy with time to exercise, no stress, do yogas, go to doctor appointments she will most likely live to 100. So his kids will have her. His other choice was a women his age, same job but to be honest she is now 59 and looks like a dried up prune.  his wife at 49 looks like Reese Witherspoon at 49.  [/quote]

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