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Money and Finances
Reply to "SAHM: what do you do to protect yourself financially?"
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[quote=Anonymous]Working Moms are ones who need protection. Now SAHMs. My wife for example. Has not worked since January 2001. She is 55. We have three kids, 13, 17 and 19. Our net worth was around 300K all in (home equity). Today if we did divorce she gets child support till youngest turns 18, she gets to say in my home till youngest turns 18, she gets alimony maybe for life as Maryland takes into account long term SAHM near retirement age may not be able to work. I have done the full SS so she gets 1.2 my SS which is Max amount. Our net worth today is around 5 million. So she gets a check for 2.5 million. I have a women working for me she makes 150K a year and her husband 75K a year. She has worked 20 years. In a divorce she is one getting screwed more. She is breadwinner. I picture myself in a basement apt with a barebulb and a twin bed in divorce. My wife is keeping house. Remember, SAHMs dont divorce you. You have to divorce them and they dont leave easy. [/quote]
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