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Reply to "SAHMs with no retirement or college savings"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What’s interesting to me is that a lot of SAHMs don’t seem to realize they aren’t contributing to retirement. They will often say their husband is saving in other accounts, but they don’t recognize how the benefit of a 401k is bankruptcy, tax deferred etc. They also don’t seem to understand that their husband’s 401k is only in his name. My own mother stayed home and I have power of attorney for my dad. She can’t even call up the brokerage firm to make a transaction since her name isn’t on the account. SAHms are truly screwed on the retirement front. [/quote] SAHM can contribute to IRAs and should. I stopped working 16 years ago but still have more money in my 401ks and IRAs than my husband because I contributed more in my 20s and 30s. [/quote] Stop spreading lies. It’s to a Roth which is limited to a small dollar amount each year. Compared to a lot more if you’re employed with a 401k and match. [/quote] If she's telling the truth, her H is a loser with a low salary. [/quote] NP. I thought only middle schoolers and Trump called people losers. [/quote]
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