You are in for a special treat this week! We are doing #AskTheMoneyGuy right here in the studio. Every week we answer listener requested questions, but this week we felt we wanted to dedicate more time and make this question into a full show.
Are you the Chief Operations Officer (COO) for your household? Perhaps more specifically, are you a stay-at-home spouse who manages all the household finances? If you have ever wondered about retirement, social security, or your financial future in general, you won’t want to miss this episode. We discuss the options of building personal assets versus depending on your working spouse. We agree this is an important topic. Thank you Kate for submitting this question!
Tune in to this week’s episode as we answer the question, “How to plan for your financial future as a stay-at-home spouse.”
Here’s What You’ll Find Out in this Episode:
- What the annual stay-at-home parent is worth (monetarily)
- How divorce, or the likelihood of divorce, factors into financial decision making
- The importance of having assets in both spouses’ name
- Why you should create a net worth statement for a stay-at-home spouse
- What you need to know about federal and state probate laws
- What investment and tax-saving opportunities exist for stay-at-home spouses and how these work to build wealth
- How social security benefits work for non-working spouses
- Why you should understand all options for pension determination
- Why a stay-at-home spouse should have life insurance and how to calculate how much
Resources Mentioned in this Episode & Related Episodes
Enjoy the Show?
- Make sure you subscribe so you get updates, announcements, and exclusive post-show deliverables!
- Leave us a review on iTunes
- Send us your questions or share your story!
- You can also use #AskTheMoneyGuy on social media!
- Get your FREE copy of The 30-Minute(ish) Financial Plan
Tune In and Go Beyond Common Sense with the Money Guys
This show would not be what it is today without the support of our wonderful listeners. We strive to continue making the show better and your feedback is an important part of that process.
If you have any questions/suggestions/comments/concerns (or just want to say hi!), feel free to reach out to us: [email protected] and [email protected] You can also join the conversation on Facebook or connect on Twitter @MoneyGuyPodcast.
If you enjoyed this episode, be sure to join our community! You’ll never miss special announcements and offers, plus you’ll get future podcasts and blog posts delivered straight to your inbox so you can get in on the action right away.