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Reply to "single income family/ SAHM major disadvantage "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Also SAHM have huge 401ks sometimes. Remember the stock market used to be cheap. There is a saying the money you put in stock market 21-35 will be bigger than money you put in 35-65. Mainly because of compounding. My wife is a SAHM since January 2001 when the Dow was 9,900, today it is around 49,000. When she started working it was 1,800. This means SAHMs all will have six figure 401ks by retirement on their own. Their husbands well compounding is a crazy thing. You are lucky to have at most twice their balance. Todays SAHMs who are younger may have joined work force in 2003 and quit in 2019 got a ton of stock dirt cheap during post 9/11 and the great recession in 2008/2009 era it was as low as 6,500. [/quote] lol no your crappy 401 balance of a woman who hasn't worked in 25 years is not part of the financial picture. If it is that much of your household wealth, you probably shouldn't have gone down to one income. [/quote] Heard of compounding, moron?[/quote]
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