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re: Why don't more wives demand their own retirment account?

Posted on 7/21/17 at 12:00 pm to
Posted by baldona
Florida
Member since Feb 2016
20634 posts
Posted on 7/21/17 at 12:00 pm to
quote:

The ones that do understand this concept are not going to be stay at home spouses.


I disagree. There's tons of women that work "professionally" as say a teacher, nurse, etc. that are not at all in charge of their families finances and are pretty clueless on retirement.

There's tons of women that got a professional degree but decided to stay home with the kids and their husband makes 6 figures or much more.

It just seems like you routinely hear about women "needing" a divorce settlement to have any money at all and they go work a "min" wage job to survive after being married 25 years to a doctor, or lawyer, or someone else that is worth $3-4 mil+ plus.

I just don't understand why more women don't demand a percentage of money being set aside for them. I don't understand how you can just live your life completely dependent on someone else I guess?
This post was edited on 7/21/17 at 12:05 pm
Posted by notsince98
KC, MO
Member since Oct 2012
18152 posts
Posted on 7/21/17 at 2:21 pm to
quote:

I don't understand how you can just live your life completely dependent on someone else I guess?



that is something that is hard to understand until you have a family. also, it is a 2 way street. just because a wife stays home doesn't mean she is completely dependent. in a good marriage, the stay-at-home wife is just as crucial to good finances as the working husband. Some examples:

1) My wife is responsible for shopping through the ads every week and making sure we are wise in how we spend money on groceries, clothing and other essentials. I'd say in general she saves us about $4k/yr doing this about 30 minutes a week.

2) My wife is responsible for taking care of our 3 kids during the day. This saves us about $12.5k/yr assuming 2 weeks per year we don't need it due to vacation.

3) My wife is responsible for so many day-2-day activities/scheduling that I couldn't even begin to put a value on it.

4) She provides added value of knowing my kids are safe and healthy.

5) There are so many added values of having a capable stay at home mom/wife that it is very difficult to put a $ number on that.

In the end, me and my kids are just as dependent on my wife as they are on me.
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