The first is that,
for dual income households, marriage is a form of unemployment insurance: if one partner loses a job, the other can offer financial support.
It is uncommon for household duties to be split 50 - 50, Even
in dual income households, one spouse typically bears a disproportionate level of the parenting responsibilities.
The latest Profile of Home Buyers and Sellers by the National Association of REALTORS ® found that
dual income households comprise a greater portion of the housing market and singles are declining.
This dual income household puts away the maximum $ 18,500 a year each in their respective 401 (k) s. With the passage of new tax laws in 2018, they've lost their ability to deduct more than $ 10,000 worth of state income, sales, and property taxes.
Apart from urging employers to make greater accommodations for
dual income households, the only other practical antidote is to increase both the quality and quantity of educational attainment.
If you have
a dual income household, maximizing contributions to a couple of personal IRAs as well as fully funding 401K contributions through your employers» programs can really amount to quite a lot.
Taking
a dual income household and converting it into two single income households can make it impossible for either partner to make ends meet.
If you are
dual income household that has lost half of your income for whatever reason, disability, death of a spouse, even loss of a job, an interest only mortgage could be used as a short - term fix to your cash flow problem.
Here are some tips on structuring a plan to get the most out of
a dual income household:
Whether you are single or a couple, are a one - income or
dual income household, this is a lot of money and it doesn't include the cost of college.
Dual income households are comprising a greater portion of the housing market and helping sales recover, according to an annual study released today.