Your net worth is only $500,000 more than your annual income? Whoa, you guys spend a lot. We make $500,000 and our net worth is 9 times that (we are in our 40s though).

To answer your question, do you have a prenup? If not, I'd get 50% of the assets put into your own name.

Anonymous wrote:

Anonymous wrote:Answering for my DW, the contents of her IRA, small pension (not yet vested), and what's in her wallet.

All of our accounts that can be joined are joined. The paid off house, the money in the mutual fund, the bank account, etc. We meant our vows; if I go early, everything is hers, and vice versa.

OP here. I would get everything if DH does go early. It is in his will and life insurance policy. We have no prenup or postnup. All our assets were acquired after we were married so no inheritances.

I just feel like I should have more in my name only.

Why? You have your employment related stuff and he has his. Consider your $ in joint as payment for SAHM.

There's no income limit to make a tax deductible IRA contribution for a non employed spouse; upto $5.5k (6.5k if >50 yrs old). Every SAHP should do this.

My mother is 79 years old. My dad is 80. They have had a "traditional" 1950's Ward and June Cleaver setup throughout their 57-year marriage. My mom was always a SAHM. And my dad was the full-time worker. Their marriage was always solid. And both of their parents' marriages were solid and only ended when spouse died.

Yet my mother INSISTED throughout their whole married life, even today, that she have some money only in her name because you never know. She didn't do it because she was planning or even thought that there would be a divorce or cheating or other improprieties. She did it because one truly never knows how someone might change or circumstances could change at the drop of a hat. In her words, "you can't be too careful."

As her daughter, I too, have always kept money in my name only. And my marriage is solid. I can't see either one of us being unfaithful or leaving. But I also couldn't see nearly half of the voting public picking Trump for President either, so sometimes it pays to have a backup plan just in case.

I have $450K in my own retirement account and $200K in various savings/investment accounts in my name only (about half of that was from accounts I had before I was married). My husband has $775K in his own retirement account and about $100K in savings in his own name. And combined we own the house and have about $300k in investments.

$280k from before we were married.

About 500K.

Anonymous wrote:I think pre and post nups are smart. To the lady upthread who said her vows were her prenup--lol! Actually, your prenup is the divorce laws in your state at the time you divorce, and guess what ladies, with the conservative crazies taking over, I would expect equitable distribution as a concept to get a lot fucking shittier for the stay at home mom crowd. You guys should be thrilled to give up everything to raise his babies and cook his meals and then walk away with jack shithole if he dies, according to these red pill freaks and they are taking over. Beware.

This, a thousand times. The republicans have more judicial power than ever before and I'm not even talking about what might happen with SCOTUS. Any gains women have made in family court could be undone, and soon.

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Anonymous wrote:

Anonymous wrote:What would be the goal of the retirement savings on your own? Is your DH's 5M not enough?

Isn't OP already retired?

OP here. When I mention going back to work, DH always tells me that I should consider myself retired.

Wow OP. How does this make you feel?

FWIW, I've been a SAHM for the past 16 years and have no plans to re-enter the workforce for another ten years or so. My husband would support me going back to work and wouldn't dismiss my goals or desires.

Umm, you will not be able to,go,back to,work after a 26 gap, what are you smokng?

You have no idea what I did or can do.

And you can always go back to work. It might not be in corporate or some high powered career I can brag about at dinner parties, but I can do something useful and productive that I will feel proud of.

Look, I went back after a 5 year gap, that was doable. 26 years, that isn't realistic, at least if you plan on being paid unless you plan on going back to school for a specific field first. I would agree there is plenty you could do on a volunteer basis.

You go back and start at the bottom. I'm sure that she's done it before and she can do it again.

Right, lots of employers are looking to hire the fifty something, not employed for three decades person for their starter position over the bright young thing that just graduated from college. Good luck with that.

It depends on the position. There are some jobs that might be better suited for a candidate with a little life experience.

Be real, no one is going to hire anyone after three decades at home. That is a pipe dream. It isn't like the poster even cares, if she wanted to work, she would be by now. I'm sure she can find a meaningful volunteer work, but in terms of an actual decent paying job, no way. The job market s pathetic for fifty year olds who have been working.

Anonymous wrote:Really stupid because keeping accounts seperate green lights him to do the same . It's safer and better for your marriage to keep everything joint , you dummies.

I have never heard of a joint 401K account. Have you?

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What would be the goal of the retirement savings on your own? Is your DH's 5M not enough?

Isn't OP already retired?

OP here. When I mention going back to work, DH always tells me that I should consider myself retired.

Wow OP. How does this make you feel?

FWIW, I've been a SAHM for the past 16 years and have no plans to re-enter the workforce for another ten years or so. My husband would support me going back to work and wouldn't dismiss my goals or desires.

Umm, you will not be able to,go,back to,work after a 26 gap, what are you smokng?

You have no idea what I did or can do.

And you can always go back to work. It might not be in corporate or some high powered career I can brag about at dinner parties, but I can do something useful and productive that I will feel proud of.

Look, I went back after a 5 year gap, that was doable. 26 years, that isn't realistic, at least if you plan on being paid unless you plan on going back to school for a specific field first. I would agree there is plenty you could do on a volunteer basis.

You go back and start at the bottom. I'm sure that she's done it before and she can do it again.

Right, lots of employers are looking to hire the fifty something, not employed for three decades person for their starter position over the bright young thing that just graduated from college. Good luck with that.

It depends on the position. There are some jobs that might be better suited for a candidate with a little life experience.

Really stupid because keeping accounts seperate green lights him to do the same . It's safer and better for your marriage to keep everything joint , you dummies.

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What would be the goal of the retirement savings on your own? Is your DH's 5M not enough?

Isn't OP already retired?

OP here. When I mention going back to work, DH always tells me that I should consider myself retired.

Wow OP. How does this make you feel?

FWIW, I've been a SAHM for the past 16 years and have no plans to re-enter the workforce for another ten years or so. My husband would support me going back to work and wouldn't dismiss my goals or desires.

Umm, you will not be able to,go,back to,work after a 26 gap, what are you smokng?

You have no idea what I did or can do.

And you can always go back to work. It might not be in corporate or some high powered career I can brag about at dinner parties, but I can do something useful and productive that I will feel proud of.

Look, I went back after a 5 year gap, that was doable. 26 years, that isn't realistic, at least if you plan on being paid unless you plan on going back to school for a specific field first. I would agree there is plenty you could do on a volunteer basis.

You go back and start at the bottom. I'm sure that she's done it before and she can do it again.

Right, lots of employers are looking to hire the fifty something, not employed for three decades person for their starter position over the bright young thing that just graduated from college. Good luck with that.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What would be the goal of the retirement savings on your own? Is your DH's 5M not enough?

Isn't OP already retired?

OP here. When I mention going back to work, DH always tells me that I should consider myself retired.

Wow OP. How does this make you feel?

FWIW, I've been a SAHM for the past 16 years and have no plans to re-enter the workforce for another ten years or so. My husband would support me going back to work and wouldn't dismiss my goals or desires.

Umm, you will not be able to,go,back to,work after a 26 gap, what are you smokng?

You have no idea what I did or can do.

And you can always go back to work. It might not be in corporate or some high powered career I can brag about at dinner parties, but I can do something useful and productive that I will feel proud of.

Look, I went back after a 5 year gap, that was doable. 26 years, that isn't realistic, at least if you plan on being paid unless you plan on going back to school for a specific field first. I would agree there is plenty you could do on a volunteer basis.

You go back and start at the bottom. I'm sure that she's done it before and she can do it again.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What would be the goal of the retirement savings on your own? Is your DH's 5M not enough?

Isn't OP already retired?

OP here. When I mention going back to work, DH always tells me that I should consider myself retired.

Wow OP. How does this make you feel?

FWIW, I've been a SAHM for the past 16 years and have no plans to re-enter the workforce for another ten years or so. My husband would support me going back to work and wouldn't dismiss my goals or desires.

Umm, you will not be able to,go,back to,work after a 26 gap, what are you smokng?

You have no idea what I did or can do.

And you can always go back to work. It might not be in corporate or some high powered career I can brag about at dinner parties, but I can do something useful and productive that I will feel proud of.

Look, I went back after a 5 year gap, that was doable. 26 years, that isn't realistic, at least if you plan on being paid unless you plan on going back to school for a specific field first. I would agree there is plenty you could do on a volunteer basis.

Our accounts are joint, but I have full access to everything. I am also the part owner of our extra business, in case anything happens to my husband and I have to run it. Our other business that we own half of would also be transferred to me in the event of his death. Because he is a LEO, we have to be prepared at all times, although with my COPD diagnosis it's a toss-up between which one of us will go first. I spend what I want, and buy what I want without needing to look at our bank account. We always have extra money for whatever we choose to buy. My needs are simple, however. I require heavy metal music and the open road. That is all.