How to retire if SAHP

iVillage Member
Registered: 10-02-2007
How to retire if SAHP
84
Thu, 11-01-2007 - 3:48pm

Hi all:


Just curious how all the SAHP's plan on having enough to retire someday? One of the main reasons I work is for the pension, so I wonder how SAHP's plan for this? College fund? Wedding for the kids? Etc?




Edited 11/1/2007 3:51 pm ET by kelmarpet

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iVillage Member
Registered: 03-26-2003
Thu, 11-01-2007 - 3:52pm
I think in many cases the SAHPs aren't SAHPs their whole adult lives, so they retire on what they invest during the working parts of their lives.

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iVillage Member
Registered: 12-07-2003
Thu, 11-01-2007 - 3:54pm
I think some families with a SAH set up an IRA for the SAH spouse.

iVillage Member
Registered: 08-14-2007
Thu, 11-01-2007 - 3:55pm
The same way WOHPs do .. by saving.
iVillage Member
Registered: 03-14-2007
Thu, 11-01-2007 - 3:57pm
I don't know about other SAHP but I plan to go back to work later in life.

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iVillage Member
Registered: 03-26-2003
Thu, 11-01-2007 - 3:58pm

Welcome to the board!


How do you SAH if you're a single parent???


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iVillage Member
Registered: 01-15-2006
Thu, 11-01-2007 - 4:08pm
but those funds can be attained if you sah and save,too....i don't know how my parents did it but they did it well,very well.

 

iVillage Member
Registered: 03-26-2003
Thu, 11-01-2007 - 4:21pm
But surely that's only a part of the puzzle. Nobody's going to be able to retire if they only put away $4K a year.

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iVillage Member
Registered: 10-24-2007
Thu, 11-01-2007 - 4:38pm

I worked for 14 years before staying at home, 12 with the same company, and thankfully I have a company pension to look forward to from that.

iVillage Member
Registered: 08-08-2006
Thu, 11-01-2007 - 4:44pm

<.i don't know how my parents did it but they did it well,very well.>

More than likely your working parent(s?) have a pension plus social security; today's workers' will more than likely have neither. It's an entirely different retirement model. My dad had modest savings on retirement, but he lives quite well on his SS and teacher's pension.

iVillage Member
Registered: 10-02-2007
Thu, 11-01-2007 - 5:01pm
Plus I think that things like housing ate up a much smaller percentage of one's take home income for the older generations. My grandparents generation had it the best, IMHO. My grandfather was an operating engineer (fancy name for a road builder) without a college degree, and he was able to have a stay at home wife, buy a house in an upscale town in

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