As so many of you are Stay-at-Home-Moms (SAHM), I want to tackle a few financial issues that are specific to you. First up is Retirement Savings. I interviewed Jeff Rose, an Illinois Certified Financial Planner(TM) and co-founder of Alliance Investment Planning Group. He is also the author of Good Financial Cents, a financial planning and investment blog. You can also learn more about Jeff at his website Jeff Rose Financial.
Thanks for agreeing to answer some questions for my blog, Moneywise Moms. My audience (from my recent reader survey) is over 50% stay-at-home-moms (SAHM), and I would like to find out more about how they can approach retirement savings. These questions come from conversations I’ve had with moms’ clubs and groups:
What are the options for a SAHM to save for retirement?
On a side note, for life insurance on a stay at home mom, I would suggest not to short change how much she provides to the relationship. If the SAHM were not there to provide all the normal daily duties, the surviving spouse would be subject to an increase set of expenses.
For more family finance, head over to Jeff’s blog, Good Financial Cents.