Reply to After working 20 years became SAHM - how to protect self financially

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]oy. Ignoring the post-nup nuts...

OP, in addition to making sure your bank accounts are truly joint (not just that you have a card with your name on it on his account), make sure your house, car, and utilities are joint too. This is for your credit, but also, if he dies it can be a real pain to transfer things instead of just dropping his name from the account. Also make sure that all accounts with designated beneficiaries (401K, IRA, life insurance) are up to date, and list the correct person (the spouse as first). Take some of your own money now and put it in a relatively liquid, interest earning account such that you and only you will have access to it in case of his death or a separation or some other occurrence that makes it impossible for you to access your joint cash. That is your personal emergency fund for day to day expenditures post-personal-catastrophe (or lawyers fees). Also if you can, you guys should start contributing to an IRA in your name, since you won't have a work retirement account to contribute to anymore. That is not just for you, but is a way for you as a couple to maximize your joint retirement savings.[/quote]

Finally, some good advice.  Thank you.  [/quote]

+100 I agree.[/quote]

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