Reply to SAHM: what do you do to protect yourself financially?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]No, because it's not a fairly set up benefit. It largely privileges wealthy women who don't need it. A fairer system would be to increase benefits to everyone who paid in and get rid of spousal payment entirely.[/quote]

Whose husbands likely paid the max rate into SS over a 40+ year career, not to mention being in a high tax bracket. We also give benefits to lots of people who don’t pay in, for example “disabled” people (not to be confused with actual disabled people.) We also pay for daycare, food and medical for my friend’s disabled child even though she does not work and her husband makes $1M/year.

Lots of benefits are unfair. Now, if we want to get rid of them all and lower taxes, by all means...[/quote]

Read about Katie Beckett and why Ronald Regan passed a law providing these benefits in her name.

Your friend’s very HHI is anomaly. It is important to distinguish that these benefits are for the well-being of the disabled child, despite however you think this unfairly benefits your friend.

Anyhow, ultimately, Reagan was a fiscal conservative and this law was a fiscally sound (as well as compassionate decision) because before this law parents were too often forced to surrender their disabled children to institutions because they could not afford the medical care or cost of caregivers to fill in while they worked to pay for the medical care. Institutionalization provided medical care but was far more costly.

Providing these benefits is the cheaper option for our country and keeps families together.

Being a SN parent is hard enough without this kind of prejudice. As for her husband’s high income, good for them. I hope he is funneling a lot of that money in a SN trust fund.

My husband went back to school and completely changed careers so we could afford for me to be a SAHM, pay for our disabled child’s extra expenses, and save enough for our retirement PLUS fund a SN trust to care for our child who could likely outlive us by 40+ years.

I didn’t opt to be a SAHM and having a SN child for the “perks.” It is something that happened to be and I am thankful for those benefits and anything else that comes our way. My life is a marathon and my worries and grief over my lost dreams and lost career can be soul-crushing. [/quote]

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