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How To Plan for Your Financial Future as a Stay-at-Home Spouse

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

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