Reply to Explain to me the financial risk of SAH if partner is a high earner

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]women file for divorce 80 - 90% of the time which indicates that men are not the ones who predominantly leave the marriage.
If you are concerned about his "leaving" you then your risk is relatively low. You are more likely to leave the marriage than he is.
If he is making 2+ million a year, then the child support will be significant and you will get 50% of all marital assests.
This looks like low risk-high-reward in your favor to me. In other words, his labor results in community property that you, through no-fault divorce, can take 50% at any time.
Also at 2+ million a year, you will not be doing any significant house work because you can hire cleaners.

You are worried for nothing. He, on the other hand, should be scared out of his mind.[/quote]

+1000000

I’m part of a 600k HHI and we mostly need my income.  My husband is earning about 400k of it.

I can’t imagine my husband making millions a year but me to continue this 200k job under the slim chance he decides to divorce me.  Life is short and I don’t get a lot of joy from working.  I don’t dislike it but I enjoy traveling and hobbies way more.  How sad would that be to miss out on ski trips out west just so I can continue a paper pushing job so my husband doesn’t leave me and our kids destitute?  [/quote]

If ski slopes are more important to you than 30% chance of being potentially destitute in retirement and kids not having college education (yes, college accounts under husband control are easily emptied, too) then indeed you can stay home. I regret not having an easy paper pushing job (remote preferably so I could still enjoy traveling). [/quote]

Superfund some 529s and be the owner. That is what I did. And once the 5 years is up, I am going to super fund them again. Just do not be dumb. Be involved in your finances. If your husband is not the kind of guy who is ok with this, don’t give up your job. [/quote]

Alternatively don’t procreate with the type of man who would liquidate 529s upon divorce.

If things are that bad and he’s being that hateful then I don’t see exactly what having a job would even do for you.  This guy apparently wiped out millions of dollars, liquidated a 401k, moved money offshore and then closed his kids’ 529s?  That’s all a special kind of evil and I’m not sure being gainfully employed is really going to improve things that much.  [/quote]

NP. It’s not that uncommon a scenario in wealthy people divorce. I would say what the PP described is actually pretty average in high net worth divorce. [/quote]

No it isn’t. You must know a lot of aholes [/quote]

No. I don’t. But I have worked in male-dominated environments my whole life (except for the years I stayed home myself), and I am friends with some high net worth family attorneys. Between those experiences, I have enough of a picture.

It’s just not this weird black swan event you think it is. Sorry to break your idealistic bubble. PP didn’t mention things like false allegations of spousal abuse or child abuse, money being routed to drugs and alcohol, etc. Wealthy divorce can get so, so much worse that what the PP described. What the PP described? That’s just basic table stakes in these divorces. [/quote]

yep, my exH also tried to present me as an alcoholic, initiated criminal allegations against me at work (thankfully it's very hard to persuade attorneys general to get involved in divorce related cases), and when he couldn't implement either strategy, he "fired" himself. He now has zero US income living in a $4mm mansion, and pays $1000/month CS[/quote]

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