Reply to What is the reasonable HHI income for wife to stay home?

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[quote=Anonymous][quote=Anonymous]So I am actually thinking about doing this- DH and I are still talking through the pros/cons. We have 3 (5 and 3 year old in daycare, and an infant with a nanny). He makes 200k in the private sector and I make 100k as a fed. My take home money basically goes to the nanny after I pay for healthcare and retirement. Also, I am not enthusiastic about my job. Both DH and I currently feel like we are both stretched so thin, mentally and time-wise, that we aren't fully successful at any of our responsibilities.

I'd be watching the baby at home, and I'd fully take on all the home responsibilities and family logistics stuff, like bill paying, etc. This would free up a ton of DH's time so he could focus more on work. He's enthusiastic about this arrangement, but I worry about giving up my fed stability and retirement benefits.

One thing we were discussing, is that[b] instead of him maxing out his 401k, if he did a half portion and then contributed half to an IRA for me.[/b] This would assuage my fears that if something happened to us, I wouldn't be left high and dry because I left the workforce during my prime working years to enable him to focus on his career.

Has anyone done something similar to this? Or made a similar arrangement?[/quote]

If 2/3 kids are still in full daycare that’s not a SAHM. And I would personally find a way to do the full 401k amount plus both IRA’s. That’s what we do. [/quote]

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