Anonymous
Post 01/07/2014 20:45     Subject: Retirement accounts for SAHM
Anonymous wrote:What % of your income are you looking to put away?


What if I have quite a bit of interest income?
Anonymous
Post 01/07/2014 18:37     Subject: Retirement accounts for SAHM
Anonymous wrote:
Anonymous wrote:We do either a roth or nondeductible ira. I forget which but the rules allow your spouse to pay if you do not work. Its not a big deal at all.


But it is capped at approx $5000. You can't do the $17.5k the same as if you're working.


Then, do $5,000 for last year - there still should be time and another $5,000 for this year and put the rest away for next year.
Anonymous
Post 01/07/2014 18:36     Subject: Retirement accounts for SAHM
To answer OP's point, we do an IRA. The 17.5k is for 401(k) plans, the cap for IRA is much lower.
Anonymous
Post 01/07/2014 18:35     Subject: Retirement accounts for SAHM
Anonymous wrote:Where would you be getting the money from to deposit into a retirement account? Stealing it from your husband?




Oh yes, that's how we roll, complete with handcuffs and a gag.
Anonymous
Post 01/07/2014 17:43     Subject: Retirement accounts for SAHM
Anonymous wrote:What % of your income are you looking to put away?

LOL
Anonymous
Post 01/07/2014 17:41     Subject: Retirement accounts for SAHM
Anonymous wrote:We do either a roth or nondeductible ira. I forget which but the rules allow your spouse to pay if you do not work. Its not a big deal at all.


But it is capped at approx $5000. You can't do the $17.5k the same as if you're working.
Anonymous
Post 01/07/2014 17:20     Subject: Retirement accounts for SAHM
We do either a roth or nondeductible ira. I forget which but the rules allow your spouse to pay if you do not work. Its not a big deal at all.
Anonymous
Post 01/07/2014 16:17     Subject: Retirement accounts for SAHM
Anonymous wrote:Where would you be getting the money from to deposit into a retirement account? Stealing it from your husband?


Nah. He will lovingly give it to me. He thinks I am fab and wants me to feel secure.
Anonymous
Post 01/07/2014 16:07     Subject: Retirement accounts for SAHM
Anonymous wrote:Where would you be getting the money from to deposit into a retirement account? Stealing it from your husband?


whoa, do you consider sahm to be "stealing" from their husbands every time they pay their credit card bills?
Anonymous
Post 01/07/2014 16:06     Subject: Retirement accounts for SAHM
Anonymous wrote:
Anonymous wrote:What % of your income are you looking to put away?


Well, I don't have an income. I would like to park $17,500 somewhere just like when I worked.


in order to do that, you would have to get a job making at least that much. barring that, as long as your hhi isn't over the limit, you can put $5500 in an IRA.
Anonymous
Post 01/07/2014 16:03     Subject: Retirement accounts for SAHM
Where would you be getting the money from to deposit into a retirement account? Stealing it from your husband?
Anonymous
Post 01/07/2014 15:35     Subject: Retirement accounts for SAHM
Anonymous wrote:What % of your income are you looking to put away?


Well, I don't have an income. I would like to park $17,500 somewhere just like when I worked.
Anonymous
Post 01/07/2014 15:32     Subject: Retirement accounts for SAHM
ira
Anonymous
Post 01/07/2014 15:29     Subject: Retirement accounts for SAHM
What % of your income are you looking to put away?
Anonymous
Post 01/07/2014 15:11     Subject: Retirement accounts for SAHM
Are there any options for retirement accounts for a SAHM other than regular brokerage accounts?