sahm deserves high pay - Page 2

[zinemama]

But, Zaftigmama, not everyone does have the ability to save for retirement. There are plenty of sahms in families who are just making it on one salary and are not able to set $$ aside for old age. What happens to them?

TiredX2, your plan sounds plenty palatable to me. I think the idea of a family contribution to SS is excellent.

[zaftigmama]

I agree that not everyone has the ability to save for the future. But with SS the government is taking money out of your paycheck and deciding what to do with it, and there's no saying you'll get it back. So, if that's all you have for retirement, you could be in the same boat as a SAHM that doesn't work outside the house. Whoever said they want to put their money in investments they control, that's exactly what I'm talking about. At least you know it will be there when you need it.

A family contribution isn't a bad idea either, but I still don't want the government controlling it. I'd rather if my dh could split his 401(k) into accounts for both of us. I'm all for paying taxes that go to education, community assistance, etc.,. But forced retirement planning and saving? No thanks.

[AJP]

Talk of SS benefits for SAHPs may be entirely academic, since it might not be there at all by the time any of us are of retirement age, regardless of which side of the aisle comes out on top of the current debate.

I'd settle for tax credits and other similar acknowledgement for SAHPs.

[onlyzombiecat]

It doesn't make sense to me to say that people who have had less income have less expenses. We are a "less income" family and still have rent, car payment, food, electricity, gas, water, clothing, etc to pay for... the fact that it is all covered by one income doesn't really cut our expenses. We have the same expenses that anyone would have but less money to cover them. We try to be as frugal as possible but there still is not much left over after taking care of our basic expenses.
I'm not asking people to hand me money when I retire. It'd be nice if there was some way society would recognize that SAHM are valuable and provide some financial credit for us though.
I have no confidence that if I was WOH and paying into SS that I'd get anything back from it.