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

Posted on 7/21/17 at 4:26 pm to
Posted by baldona
Florida
Member since Feb 2016
20634 posts
Posted on 7/21/17 at 4:26 pm to
quote:

they do not receive the benefit of setting up an IRA for the wife if she does not earn income.


Anyone can contribute to a Roth I believe? I guess Roth is not for high income earners though. What about a trad? Ok but if not for an IRA, at least have some clue about taxed investment accounts.

Yes just because a wife is "stay at home mom" doesn't mean she is not involved in the family finances. For example, many pay the bills. But furthermore, if you are solely dependent on the husband you would certainly think they would be involved in the savings, life insurance, and retirement discussions because if he died or was otherwise unable to work they should be involved in planning for those things?

I just don't understand how so many women married to wealthy men until the divorce, "have no idea where the money is or how much they have". The only reason you can have no clue is by being both ignorant and your husband trying to hide it.
Posted by SLafourche07
Member since Feb 2008
9935 posts
Posted on 7/21/17 at 5:19 pm to
Edited to remove wrong information.


Corrected below.
This post was edited on 7/21/17 at 5:59 pm
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