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Relationship Discussion (non-explicit)
Reply to "Explain to me the financial risk of SAH if partner is a high earner"
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[quote=Anonymous][quote=Anonymous]This post has reinforced why I still work despite DH making $1m+ most years. To me, taking a less demanding but still professional job has been a good compromise as I still have some time for family. It is nice to have stayed off partner track at my firm and more or less coast for many years at 40 hours a week, most of which I work from home. I think I could ramp up, build a bigger client base and become partner in the course of a few years at any point. Really glad I never quit. It's allowed me to fund my own 401k, brokerage account and 529 accounts that I control. Sure, they're marital property, but I control them in the event of death or divorce, and to me, that is huge. I also have enough income to support myself if anything goes wrong. I definitely could not afford our current lifestyle, but downsizing to a cozier house and giving up some memberships wouldn't have a big impact on my quality of life. My advice to OP and others is to create a career that works for this life stage rather than abandon it entirely. [/quote] If the wife doesnt' work, the only way of replicating what you are doing is to control joint real estate. But husbands also understand that and no everyone would be eager to build a portfolio of joint rentals vs having his own brokerage account/offshore entity which wive checks regularly but which is controlled by him.[/quote]
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