Anonymous wrote: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.
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
THIS, same here
Anonymous wrote:For those who left careers to be an SAHM -
What salary / comp did you walk away from?
Are you happy with your decision financially? Would you do it again with what you know now?
Anonymous wrote:Anonymous wrote:Anonymous wrote: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.
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.
Why in the world would you do that. You make more than enough to hire full-time live in help.
Anonymous wrote: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.
Anonymous wrote:Anonymous wrote: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.
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.
Anonymous wrote:Anonymous wrote:Anonymous wrote: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.
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.
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
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:350k stressful job 5 years ago. Spouse makes 180k and recently I get worried about the economy but not worried enough to try to get a paying job. I love my freedom and time.
Maybe this is just me, but absent very specific circumstances (tons of money in the bank already, massive inheritance, child with very severe special needs requiring a parent at home etc), I just don't get this at all. Unless it's some kind of troll post.
You would understand if you’d ever had an incredibly stressful and/or toxic job situation. It interferes with all aspects of life including physical health. It’s not worth any amount of money if you have ti give up your health, physically or mentally
You need some money to live. $180k seems very, very low these days.
Just a reminder, $180K is more than double the US median household income. ($83,730). So, most of the nation survives on far less. Also, if they have a low mortgage and send their kids to public school, it's really not all that lean. In fact, it's not lean at all. My family's household income is around that. We have some family help (family money will pay for kids' college). But could also make it work without the family help.
180k is terrible. We make around 250k and it only buys a modest house not close to our work.
Anonymous wrote:Anonymous wrote: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.
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.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:350k stressful job 5 years ago. Spouse makes 180k and recently I get worried about the economy but not worried enough to try to get a paying job. I love my freedom and time.
Maybe this is just me, but absent very specific circumstances (tons of money in the bank already, massive inheritance, child with very severe special needs requiring a parent at home etc), I just don't get this at all. Unless it's some kind of troll post.
You would understand if you’d ever had an incredibly stressful and/or toxic job situation. It interferes with all aspects of life including physical health. It’s not worth any amount of money if you have ti give up your health, physically or mentally
You need some money to live. $180k seems very, very low these days.
Just a reminder, $180K is more than double the US median household income. ($83,730). So, most of the nation survives on far less. Also, if they have a low mortgage and send their kids to public school, it's really not all that lean. In fact, it's not lean at all. My family's household income is around that. We have some family help (family money will pay for kids' college). But could also make it work without the family help.
180k is terrible. We make around 250k and it only buys a modest house not close to our work.