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Reply to "SAHM’s who used to work - what salary did you leave behind?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I just left my biglaw job to stay at home. I was making $560k. My husband makes much more than I do and we have a lot of savings, so it wasn’t a big deal financially, but I still have a lot of angst about it. I actually love(d) my job, and it makes me sad that it will be very difficult to find a path back. [/quote] Do you take any steps to protect yourself financially, like a postnup? How do you get comfortable that you're not saving in your own name anymore, for example, no more 401k contributions, and possibly, no more control over how future income is saved and invested because you don't have a paycheck? Asking because I'm hung up on these issues and still working. [/quote] Why would you not have control over future income savings and investments? I wouldn't be married to someone who didn't allow 50/50 with that, no matter who brings in what income. I've been a SAHP for 25+ years (married for 35+) and I manage the finances. We joke spouse would have no idea how to access our money. We make financial decisions together when younger, now we discuss major ones, but are on the same page so I manage them all. When I quit my job to become a full time parent (without a paycheck) I didn't have to ask for money, it's all OURS [/quote] That’s not the point of a post-nup. The point is to lay out housing and alimony to a spouse who may have to re-enter the workforce post divorce at a significantly lower salary than their marital HHI. Which is what happens a vast majority of the time. [/quote]
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