Paulnz
Posts: 411
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quote:
ORIGINAL: FirmhandKY quote:
ORIGINAL: Paulnz quote:
A big, buzzzzzz...you lose on this answer. Jewel gave up her job for Scooter before they got married, about 5 years ago. That's not what the OP says, here it is again:- I moved in with Firm four months ago, and when I did, I left behind my professional career and the lifelong habit of earning a living outside the home. Firm's instructions to me at that time were that he would provide for all my financial needs and in turn, my responsibilities would be to devote my time and efforts to taking care of him, his business, and his home. The words " when I did " clearly indicate that the leaving behind occurred in order to facilitate the new arrangement and were not unrelated events. You appear to be inventing facts or imagining things. When someone frames their current circumstances in terms of having foregone a previous benefit, things never seem to work out. I'll let Treasure respond, if she wishes, in detail. I'll just say that you might be under a bit of mis-apprehension. It was two years after Treasure and I met before she moved in (which was 4 months ago), and she has a pretty good idea of the challenge that faces her in learning my profession. As well, it was never a pre-condition that she not continue her career, if she wished to, and she has my permission, if she so desires. These were issues discussed beforehand and are understood between us. I'm not one of those who finds pleasure in having people do something that makes them unhappy. Firm Ok, that clears that up, you sound like a pretty level headed chap. You'll be aware that such a decision carries with it a fairly heavy financial penalty. Looking at the OP's age, she has 19 years of earnings foregone assuming the relationship lasts until retirement age. At a conservative $50,000 a year, that is $950,000 income over that time. Assuming $10K of that can be saved a year, the person leaving behind their career will be left $190,000 down in life savings ( not taking into account any compounding going on ). To replace this would mean about $100,000 extra would have to be invested today, to collect $190,000 in 19 years time ( assuming again that it could net 4% ). If that starter $100,000 isn't a gift, then $250,000 would have to be invested now. And this is being simplistic as the $10,000 invested now grows to be a lot more and is more valuable than $10,000 saved a year away from retirement. In real terms the ' foregoing of career decision ' is worth a lot of money and is a serious financial decision, and if it goes pear shaped ( the relationship that is ) the financial downside can be devastating.
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