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Reply to "Is giving up making your own money a bad idea for ANY woman? (philosophical ponderings)"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Personally, I think that a woman should always keep her foot in the door but because of the price of child care and the stress of being a working mom, some women feel the need to stay at home for their own sanity. Perhaps the bigger issue is how can we make motherhood and working compatible.[/quote] Well said.[/quote] +1, very good point. The labor force participation rate amongst mothers in the US is shockingly low compared to other developed countries. That's a problem when the courts aren't providing much for the stay at home partner (usually the woman) after a divorce. [/quote] Division of marital assets and support depends a great deal on the length of the marriage. It is still generally the case in marriages of twenty or more years duration, wherein the working spouse is very successful, that the non-working partner will be awarded at least half the assets, as well as generous child and spousal support based on the accustomed standard of living. For some ex-spouses, that settlement will be more than enough to see them through a comfortable retirement (i.e., they are in no worse a position than if they had worked and saved for retirement themselves).[/quote] I all bullshit. I was married nearly 20 years (19) and I got lifetime CC and SS, but it will in NO way pay for me not to work. (And it's extremely generous.) And what about benefits? I have never, ever heard in all my years of knowing wealthy divorced moms, of someone who gets a settlement that enables them to never work again. Not working is a HUGE risk. I did it and the odds did not work out for me. Would I have done it differently? Yes and no. The first three years of a child's life are so critical to his/her emotional stability and welfare that I am grateful that I was there for them. Having said that, I should have worked part-time as they got older. I was just lazy and managed to keep myself very busy doing volunteer work (which is useless when you try to re-enter the workforce.) Maybe the real question isn't working or not working, but rather, keeping your skills up. Working part-time, consulting, or freelancing. When you let those go, you start running some big risks. I'm lucky to have family money and a generous support agreement. My salary isn't enough to cut it for my kids and I in DC. As for the poster who said her husband is already divorced, my breath stopped when I read her post. She is CRAZY not to work. I had no red flags like that in my marriage, and it still failed. Women like her should be dusting off their resumes. Second marriages only have a 25 percent survival rate. [/quote]
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