Anonymous
09/17/2013 14:24
Subject: if you SAH, how do you plan for DH leaving, dying, etc.?
It must be horrible to live your life with the uncertainty of "what if" over your head.
I totally get the OP.
My MIL was married for my FIL for like 33 years. They ended up getting a divorce. She has nothing. She had a small savings and a small inheritance. None of her own retirement savings, no real social security because she didn't work much / contribute much. So at age 62 she had to start over. my FIL has to pay alimony and all that, but I'd imagine the whole painful process would have been a lot easier on her if she had her own money somewhere.
I'm sure she assumed everything would be fine, I mean 33 years?
Life insurance is a different story - it's helpful. But relying on your spouse to provide for you for the rest of your life isn't a sure thing. It's best to be realistic, it's not "worst case". It's protection.
I totally get the OP.
My MIL was married for my FIL for like 33 years. They ended up getting a divorce. She has nothing. She had a small savings and a small inheritance. None of her own retirement savings, no real social security because she didn't work much / contribute much. So at age 62 she had to start over. my FIL has to pay alimony and all that, but I'd imagine the whole painful process would have been a lot easier on her if she had her own money somewhere.
I'm sure she assumed everything would be fine, I mean 33 years?
Life insurance is a different story - it's helpful. But relying on your spouse to provide for you for the rest of your life isn't a sure thing. It's best to be realistic, it's not "worst case". It's protection.
Anonymous
09/17/2013 14:14
Subject: if you SAH, how do you plan for DH leaving, dying, etc.?
Anonymous wrote:I never thought about that until I moved here and heard women's opinions on sahms. I find it a non-issue. If we got a divorce I'd take half and child support. I work in a field where I could pick up where I left off with no problem.
+1
Anonymous
09/17/2013 14:11
Subject: if you SAH, how do you plan for DH leaving, dying, etc.?
Good life insurance on both of us. I don't plan on divorce. Like PP, I would not be a SAHM if I thought that would ever happen. I know there are surprises, but I'm not planning for that one.
Anonymous
09/17/2013 14:07
Subject: if you SAH, how do you plan for DH leaving, dying, etc.?
We have life insurance and I can go back to work.
It must be horrible to live your life thinking of the worse alway. Yuck.
It must be horrible to live your life thinking of the worse alway. Yuck.
Anonymous
09/17/2013 14:06
Subject: if you SAH, how do you plan for DH leaving, dying, etc.?
Anonymous wrote:Life insurance is a good idea.
As far as divorce...I don't plan for it. Seriously. The way we make our marriage work is that we are both in it 100%, no contingency plans. And I wouldn't stay home if I wasn't sure about that.
How will you fund retirement with only one person contributing?
Anonymous
09/17/2013 14:02
Subject: if you SAH, how do you plan for DH leaving, dying, etc.?
I would only SAH if DH had fantastic life insurance and short and long term disability insurance.
Anonymous
09/17/2013 14:00
Subject: if you SAH, how do you plan for DH leaving, dying, etc.?
Anonymous wrote:Anonymous wrote:I never thought about that until I moved here and heard women's opinions on sahms. I find it a non-issue. If we got a divorce I'd take half and child support. I work in a field where I could pick up where I left off with no problem.
Do you have an enforceable pre or post-nup that says this?
Yes.
Anonymous
09/17/2013 14:00
Subject: Re:if you SAH, how do you plan for DH leaving, dying, etc.?
I WAH for that reason.
DH had great insurance --life, disability, and makes a boatload--but we are in our 40s with young kids.
I want my own retirement fund. I like my fed benefits. I like the security of never having to rely on a man--it gives optio a even if you never need or want to use them.
DH had great insurance --life, disability, and makes a boatload--but we are in our 40s with young kids.
I want my own retirement fund. I like my fed benefits. I like the security of never having to rely on a man--it gives optio a even if you never need or want to use them.
Anonymous
09/17/2013 13:59
Subject: if you SAH, how do you plan for DH leaving, dying, etc.?
Life insurance is a good idea.
As far as divorce...I don't plan for it. Seriously. The way we make our marriage work is that we are both in it 100%, no contingency plans. And I wouldn't stay home if I wasn't sure about that.
As far as divorce...I don't plan for it. Seriously. The way we make our marriage work is that we are both in it 100%, no contingency plans. And I wouldn't stay home if I wasn't sure about that.
Anonymous
09/17/2013 13:58
Subject: if you SAH, how do you plan for DH leaving, dying, etc.?
Anonymous wrote:I never thought about that until I moved here and heard women's opinions on sahms. I find it a non-issue. If we got a divorce I'd take half and child support. I work in a field where I could pick up where I left off with no problem.
Do you have an enforceable pre or post-nup that says this?
Anonymous
09/17/2013 13:57
Subject: if you SAH, how do you plan for DH leaving, dying, etc.?
we both work, but still have life insurance policies in case one of use were to die. Stay at home or not all parents should have life insurance.
Anonymous
09/17/2013 13:57
Subject: if you SAH, how do you plan for DH leaving, dying, etc.?
Life insurance.
Anonymous
09/17/2013 13:55
Subject: Re:if you SAH, how do you plan for DH leaving, dying, etc.?
I haven't really planned for divorce, but we have life insurance for both of us in the event of death (DH would have childcare expenses he does not currently have if I died). I also do things to keep my skills and network up as I do plan to return to work when the kids are a bit older.
Anonymous
09/17/2013 13:51
Subject: if you SAH, how do you plan for DH leaving, dying, etc.?
I never thought about that until I moved here and heard women's opinions on sahms. I find it a non-issue. If we got a divorce I'd take half and child support. I work in a field where I could pick up where I left off with no problem.
Anonymous
09/17/2013 13:50
Subject: if you SAH, how do you plan for DH leaving, dying, etc.?
I'm pregnant with our second, and I'm thinking of SAH, but I am really nervous about reality of being a one income family. What if DH is injured or gets sick or worse? How do you plan for divorce (don't think its at all likely, but I don't live under a rock)? I can't imagine not contributing to a retirement plan and just hoping DH is there for me. Does everyone who SAH just have it so good that these aren't real worries? How did you plan?