Anonymous wrote:Sorry OP. I get wanting to take a break. I’d be resistant to DH taking time off of work too. As would he if it were me. It might take you a while to find a job though. Enjoy the time and negotiate a farther out start date, if you can.
Anonymous wrote:Anonymous wrote:Anonymous wrote:It's expensive to ret and we very easily could be going into a bad economic downturn. (Though who knows.) I would guess your DH is reacting to that. My DH and I are continuing to work as long as we can to more solidly secure our retirement for the unknowns to come. And we are older than you. I would not be happy if either of us lost our jobs right now if were in our 40s.
But at what net worth and spousal income would you change your position? What if DH’s income was over $700k base, he was hard to fire without cause, and NW was mid- or high-seven figures? The biggest thing weighing to on me, after his change of heart, is that our youngest kid’s 529 plan isn't fully funded up to an Ivy, and I'm the only one who has cared enough to fund them so far.
I think when you hit your 40s, the money thing really becomes real in a way that it wasn't before. At least in my case. And as we get closer to retirement, mentally I see how it is harder and harder to deal with the unknowns we might face when we no longer have a source of income other than what our investments generate. We have far exceeded our "number." But still, the more we have the more we see the uncertainty of the future.
Yes, I get that his is psychological. But most of dealing with money is psychological, unless one is like someone who I know who doesn't believe in worrying about money at all. They will deal with problems as they arise. Suddenly, however, as they are getting closer to retirement, potentially forced retirement, the idea that the money they have is all the money they will ever make is scary.
All to say that at your income and NW range, sometimes you see the advantages of continuing to "add to the pot" as they say.
FWIW, I would take a deep breath and look for another job, but enjoy your time while you aren't working. Just the exercise of looking while living solely on his income, might help him to relax into you not going back to work. Also, he might not like his job. And you not having a job makes it so that he has to keep his job. It is easier to stay in a stressful job if you believe you have an out than when you feel you are stuck.
Anonymous wrote:Anonymous wrote:It's expensive to retire and we very easily could be going into a bad economic downturn. (Though who knows.) I would guess your DH is reacting to that. My DH and I are continuing to work as long as we can to more solidly secure our retirement for the unknowns to come. And we are older than you. I would not be happy if either of us lost our jobs right now if were in our 40s.
But at what net worth and spousal income would you change your position? What if DH’s income was over $700k base, he was hard to fire without cause, and NW was mid- or high-seven figures? The biggest thing weighing to on me, after his change of heart, is that our youngest kid’s 529 plan isn't fully funded up to an Ivy, and I'm the only one who has cared enough to fund them so far.
Anonymous wrote:Here’s why I think, or partly: no job is secure right now and he’s nervous to be the only one with a paycheck. In dmv quite a few households have both adults with job loss.
Anonymous wrote:It's expensive to retire and we very easily could be going into a bad economic downturn. (Though who knows.) I would guess your DH is reacting to that. My DH and I are continuing to work as long as we can to more solidly secure our retirement for the unknowns to come. And we are older than you. I would not be happy if either of us lost our jobs right now if were in our 40s.
Anonymous wrote:My husband was fine with me staying at home after I was affected by the federal return to work order. Like you, I had saved for my retirement - close to 1 mil in IRA and TSP, not including pension. We have one child, I am in mid forties, and wanted to be present for our child. I am also very happy at home - cooking, cleaning (let go of cleaning lady), working out, etc. A problem to be will come when he retires as we have an age gap -but likely I will fund health care from inheritance. I will note that we anticipate he will need me to provide significant care to him as he ages as his parents had/have alzheimer’s and dementia, and I will care for him. I would have been very resentful working full time non stop while missing my child, and eventually providing care for him. I am grateful to stay at home.