4 ms·

Put into any bank or brokerage account in your name only now. Don't commingle with community funds when you get married. Separate property remains separate

by jbronn 10y ago

Put into any bank or brokerage account in your name only now. Don't commingle with community funds when you get married. Separate property remains separate -- it's what you acquire and earn during the marriage that's considered community property. If still worried, get a pre-nuptial agreement before taking the plunge.

mistermann 10y ago
To those young-uns worried that asking for a pre-nup might upset your potential future wife: it's much better to see what kind of personality she has in a controversial situation now rather than 2, 5, 10 years down the road. Sometimes it is only under stress where a person reveals their true personality, and believe me you are going to encounter stress during marriage.
- HarryHirsch 10y ago
  Not only that, the terms you propose in the pre-nup give your potential wife a very good indication how you value the effort of child-raising and her career that she will give up for you (it's still usually the wife that follows her husband). Then she can also make an informed choice.
  - vsipuli 10y ago
    Spot on.
  - shostack 10y ago
    "a very good indication how you value the effort of child-raising and her career that she will give up for you (it's still usually the wife that follows her husband)" Is that still the trend these days? Are most couples able to afford to only have a single working parent anymore?
    - varjag 10y ago
      Cases where wife follows her husband in job-related relocation are more common than the opposite, and they are typically detrimental to the partner's career.
    - HarryHirsch 10y ago
      What you usually see is that one spouse (the wife, usually) spends time with the children when they are very young and then works part-time. Obviously, that impacts career progression. Salary data would support the theory. It's not a single working parent, it's 1.5 working parents for a few years.
      - shostack 10y ago
        I suspect you are right. Now that I think of it, I actually recall hearing a podcast on this (Planet Money? Freakonomics?) where they dissected the statement around women only earning something like $.75/dollar compared to men. I believe they found that if you looked at earnings before having a child, they were equal, and that the reduced earnings came from taking time off or sacrificing workload (and presumably total contribution) for flexibility. This then resulted in not advancing as rapidly as say, someone putting in twice the hours, or who did not take several years off and thus has that many more years career experience, despite being the same age.

by jbronn 10y ago

mistermann 10y ago

To those young-uns worried that asking for a pre-nup might upset your potential future wife: it's much better to see what kind of personality she has in a controversial situation now rather than 2, 5, 10 years down the road. Sometimes it is only under stress where a person reveals their true personality, and believe me you are going to encounter stress during marriage.

HarryHirsch 10y ago
Not only that, the terms you propose in the pre-nup give your potential wife a very good indication how you value the effort of child-raising and her career that she will give up for you (it's still usually the wife that follows her husband). Then she can also make an informed choice.
- vsipuli 10y ago
  Spot on.
- shostack 10y ago
  "a very good indication how you value the effort of child-raising and her career that she will give up for you (it's still usually the wife that follows her husband)" Is that still the trend these days? Are most couples able to afford to only have a single working parent anymore?
  - varjag 10y ago
    Cases where wife follows her husband in job-related relocation are more common than the opposite, and they are typically detrimental to the partner's career.
  - HarryHirsch 10y ago
    What you usually see is that one spouse (the wife, usually) spends time with the children when they are very young and then works part-time. Obviously, that impacts career progression. Salary data would support the theory. It's not a single working parent, it's 1.5 working parents for a few years.
    - shostack 10y ago
      I suspect you are right. Now that I think of it, I actually recall hearing a podcast on this (Planet Money? Freakonomics?) where they dissected the statement around women only earning something like $.75/dollar compared to men. I believe they found that if you looked at earnings before having a child, they were equal, and that the reduced earnings came from taking time off or sacrificing workload (and presumably total contribution) for flexibility. This then resulted in not advancing as rapidly as say, someone putting in twice the hours, or who did not take several years off and thus has that many more years career experience, despite being the same age.