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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I see a lot of distrust in these comments. [b]My husband has helped me set up retirement accounts [/b]and such (yes I need help with that kind of thing). But i guess I’m super naive in believing him when he says he’s devoted to me and the family for life. I get other things besides divorce can happen. But I’ve always been perplexed by the notion of going into a marriage assuming one will get divorced eventually. [/quote]

Unless you’re talking about an IRA, these aren’t retirement account. They may be earmarked for retirement, but they don’t have the benefits of a traditional retirement account like bankruptcy protection.

An IRA limit is $6k a year.  I doubt that’s going to really provide a great retirement for you.

I’d definitely suggest looking into what these “retirement accounts” are and not just going by what your husband is telling you.  [/quote]

My having little understanding of these things should not be confused with my husband trying to get one over on me. [/quote]

No, it doesn’t. However it does create the impression that you are ill prepared to take care of yourself and your children if something were to happen. Of course you think that it will never happen to you. That’s what everyone thinks when they make the decision to give up their earning potential. But it does happen, more than you would think. I’m 45 and have three acquaintances  who became widowed virtually overnight. That is not even counting those who suddenly divorced.

Look, I am not saying that your DH is tricking you or that he is not a good guy or even that you shouldn’t do this. I know a lot of women who SAH and it’s great for them. What I am saying is that it is important to understand your financial position and consider the risk of what happens if your family’s sole source of income is no longer able to provide (ex: death, job loss, affair, divorce) Good luck.[/quote]

We are well off. I’m not worried. [/quote]

That’s great! As my earlier comment said, this advice does not apply if you have independent wealth. Enjoy![/quote]

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