SAHM and retirement - Am I missing something? - I (62F) see a lot of posts here as people struggle to figure out if they can afford to stay at home with the kids. I am also recently retired and subscribe to various retirement subreddits and Facebook groups. Some posts there are heartbreaking: A woman in her 50's loses her husband to death or divorce and suddenly finds herself impoverished as she approaches what were supposed to be the golden years.
It feels like a disconnect. Perhaps I erred on the side of caution perhaps brought on by poverty in my youth, but throughout my working career I had my eye on retirement and I guarded that incredibly closely; for example, in my divorce I gave up the house and the car so that I could keep my retirement intact.
For the stay-at-home parents out there: Is retirement and social security entering your computations? Maybe this post is really a pleading one, especially for women, to please look at what your years outside the workforce will do to your eventual retirement savings. Being on this side of the equation and recently retired, it can be huge.
It would be great if our country (US) did a better job with child care and also addressing stay-at-home parents' retirement accounts, but we're sure not there yet.Personal Finance
SAHM and retirement - Am I missing something? - I (62F) see a lot of posts here as people struggle to figure out if they can afford to stay at home with the kids. I am also recently retired and subscribe to various retirement subreddits and Facebook groups. Some posts there are heartbreaking: A woman in her 50's loses her husband to death or divorce and suddenly finds herself impoverished as she approaches what were supposed to be the golden years.
It feels like a disconnect. Perhaps I erred on the side of caution perhaps brought on by poverty in my youth, but throughout my working career I had my eye on retirement and I guarded that incredibly closely; for example, in my divorce I gave up the house and the car so that I could keep my retirement intact.
For the stay-at-home parents out there: Is retirement and social security entering your computations? Maybe this post is really a pleading one, especially for women, to please look at what your years outside the workforce will do to your eventual retirement savings. Being on this side of the equation and recently retired, it can be huge.
It would be great if our country (US) did a better job with child care and also addressing stay-at-home parents' retirement accounts, but we're sure not there yet.
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