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Relationship Discussion (non-explicit)
Reply to "SAHMs that never return to workforce?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't think it is that uncommon, I think it is just less visible. I have several friends in their 50s+ who never returned to work. My one caution to you is make sure you have your own interests and passions and ways to spend your time that isn't only centered on raising your family. Empty nest hits hard and can be hard on a marriage in some cases, but those who did well seemed to have interests of their own. [b]You may want to consider a post-nup agreement depending on the state you are in and community property rules. Have also seen women get hit hard during mid-life divorce on retirement accounts.[/b] [/quote] Fundamentally, you do what is best for you and your family. If this is what works, great! I'm glad you have the option to do that. And, about +1000 on the bolded above. While you're not working outside the home, you should have your own retirement accounts and ensure that in the (hopefully) unlikely event of divorce, you are walking away with a monetary amount equivalent to the work you contributed.[/quote] +1 I was working a P/T, low-paying, but very fulfilling job when hit with a divorce. Husband got a very good lawyer, 50% custody (after calling his daughters a bunch of bit's, just like their mom) and he got away with a lot of *our* money. Secure your standing in writing, even when you think it could never happen to you.[/quote] Of course. Here is what all women (SAHM, low earning WOHMs, trophy wives) should be doing in a marriage. - No prenup - Hold all assets jointly and be beneficiary of all accounts - Loads of life and disability insurance for both. Make sure that if your DH dies, you have enough to keep your house, retire, afford medical care, pay for your kid's college and wedding/first car/downpayment for home - without ever needing to go back to work - Have access to all accounts, know what to do incase of death or disease of spouse, pay the bills, keep all papers together - in short - take care of your financial business. All women should have, control, invest money of their own. Regardless of if this money was - earned, married into, gifted, inherited, won, stolen, found, bestowed upon etc. [/quote]
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