Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: NuclearRedneck Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5116  
Subject: FIRE and SAHW/H Date: 8/7/2003 7:06 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
How many people are combining one partner working and the other staying home?

In my particular case, me wife and I are both Lieutenants in the US Navy. That's equivalent to Captain in the other services. We have no kids, just two dogs. We have about 12 years to till retirement. Probably we would retire as Commanders (Lieutenant Colonel). Our retirement would be about equal to our pay right now and it should be inflation adjusted.

The fly in the ointment is this: Out of 8 years of service, we have spent about 3 years and 6 months apart for training or deployments. We are seriously talking about one of us becoming a stay at home spouse. Because of my nuclear training and being a ship driver, I make about $32K more than she does annually. This is bonus money and does not count for our pension calculation. We are currently saving about 35% of our gross pay and there are several areas where we could cut back to save more. Our current living expenses (housing, utilities, gas, and food) are within one of our paychecks.

The question I have is: What factors went into the decision to have a stay at home spouse?
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.