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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.  [b]They also don’t seem to understand that their husband’s 401k is only in his name[/b].  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]

This isn’t the SAHM fault. Why isn’t it a law that married people can share their names on a 401k? All other assets from the marriage are usually considered joint property.[/quote]

I don't see what the big deal is with the 401K being in the husband's name.  in the case of divorce the 401K is a marital asset and split. [/quote]

It’s not a huge deal.  It’s more the principle of the matter.  Would you want your primary residence only in the name of your spouse?  Sure, your husband can give you the log in and you can perform trades, transfer money etc.  But it’s not your money.  To make it your money, you’d need to get divorced and have the assets transferred into your name.  [/quote]

I agree its inconvenient, annoying, and 1950s-esque.  I was responding to the idea that SAHPs don't have retirement when it's all in their partner's name.    [/quote]

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