Sentences with phrase «home spouse»

Supporters of income splitting argue that this recognizes the contribution of a stay at home spouses who are caring for young children.

Stay - at - home spouses who care for children should have insurance too.

Stay - at - home spouses need life insurance, too.

Actually in this day and age, most people can't afford to have someone stay at home spouse as inflation rises and wages aren't going up in proportion.

Meanwhile, the large savings will go to families with one partner in the top tax bracket and a stay at home spouse with a tax rate of zero.

This helps an unemployed or stay - at - home spouse save for retirement.

The death benefit, payable if the insured stay at home spouse dies, could help pay for childcare, housekeeping, meals, and other services your family can't do without.

Don't overlook buying life insurance for a stay - at - home spouse if your family will feel a financial impact, along with the obvious emotional impact, of their loss.

Whether or not both spouses work even the stay - at - home spouse contributes greatly to a family and to replace those efforts would be costly.

Even stat - at - home spouses need to be insured, so that in times of any unfortunate incident their financial needs are met.

In a case, for example, where one spouse has been a stay at home spouse for a period of time, spousal support will be an issue.

Stay at home moms: Priceless Steven Nelms crunches some numbers and realizes his family couldn't afford to pay a professional — a team of professionals, actually — to do all the things his stay - at - home spouse accomplishes.

This stay - at - home spouse ends up with a tax - free retirement fund of $ 275,624 (based on 5 % returns).

when there may be a little extra money to put toward your child's education savings, like when daycare costs are done, the mortgage is paid off or the stay - at - home spouse goes back to work.»

When you quantify what it would cost to hire others to perform those tasks, the financial importance of a stay - at - home spouse becomes very clear.

Should a stay - at - home spouse pass away, the remaining parent would have to suddenly pay for childcare and everything else a stay - at - home parent does on a day - to - day basis.

Stay at home spouses provide a value to the household that can barely be quantified (even though some have tried).

That's not to say that a stay - at - home spouse doesn't contribute to the family — and in fact it may make sense to get a small policy to cover the costs of daycare, etc that would be introduced if the stay - at - home parent were no longer here.

For instance, if the surviving policyholder were a stay - at - home spouse without an independent source of assets, that person would need funds to maintain living and business expenses upon the death of the main breadwinner.

The rule of thumb is to get at least 50 percent of the term life coverage for a stay - at - home spouse as for the primary breadwinner.

For example, even if the wife was a stay at home spouse who was raising children full time, the cost to replace all of the duties that she does could easily exceed $ 40,000 or more per year when factoring in child care / nanny, cooking, cleaning, car pooling, and the many other tasks that would need to be hired out to someone for pay.

Even a stay - at - home spouse with no paycheck to replace, could financially burden a family already struggling with loss.

The federal government plans to spend about $ 2 - billion per year on family income splitting that will mainly benefit high - income, traditional families with a stay at home spouse, to a maximum amount of $ 2,000 per year.

One has a working spouse earning $ 80,000 a year and one stay - at - home spouse.

Second, even if you do not work (i.e., you are a «stay - at - home spouse»), do you provide services that your spouse would have to pay for if you were not around (such as child care, housekeeping, cooking, etc.)?

Eric is a stay - at - home spouse, home barista, and chief cat wrangler.

Stay at home spouses, divorce and maintenance.

Couples who want to income split will love the TFSA because a higher - income spouse can contribute to the TFSA of a lower - income or stay - at - home spouse, without the income earned being attributable to the higher - income spouse.

This would let couples shift income from the person in a higher tax bracket to a lower - earning or stay - at - home spouse, freeing up cash and reducing a family's overall tax bill.

Back in 2011, Harper pledged that once the budget was balanced, his party would introduce income splitting for families with children under age 18; allowing couples shift up to $ 50,000 of income from the person in a higher tax bracket to a lower - earning or stay - at - home spouse, freeing up cash and reducing a family's overall tax bill.

Perhaps you're self - employed, with a stay - at - home spouse and three children.

One of the best kept secrets of stay - at - home spouses is a means for skimming a bit of extra cash off of ordinary transactions.

If you're a stay - at - home spouse, make marginal income, or your partner makes more money than you do, it might be enticing to include a spouse's income on a credit card application.

The policies for stay - at - home spouses are geared to people who provide care for children or elderly or disabled family members.

You have a young family and stay - at - home spouse, and would have trouble covering child care and other family services your spouse provides if they passed away.

Disability insurance for part - timers and stay - at - home spouses: Northwestern Mutual offers disability insurance policies designed for part - time workers and stay - at - home spouses.

For example, you may want the breadwinner to have more coverage than a stay - at - home spouse, or you may want only one person to have riders that offer extra provisions, like early access to the death benefit.

This would allow a higher - income spouse to split income by contributing to the TFSA of a lower - income or stay - at - home spouse.

That gives stay - at - home spouses a way to save for retirement and gives the working partner an additional tax deduction.

What do you do if you're one of the many stay - at - home spouses?

That working spouse can make up to the maximum IRA contribution on behalf of the stay - at - home spouse (which does not affect the working spouse's ability to contribute to his or her own IRA).

This rings true even for a stay - at - home spouse, thanks to the benefits of Roth IRAs for lower - income individuals.

One suggestion he makes is to adjust the personal exemption downwards for the stay - at - home spouse and better recognizing the costs incurred in earning a living.

«A family's lifestyle would change drastically if the stay - at - home spouse was critically ill,» says Rona Birenbaum, a certified financial planner in Toronto.

At that time Tom was in his 40s, with kids and a stay - at - home spouse, which is to say there was little left over at the end the month for savings.

Two years later the stay - at - home spouse can withdraw that money and pay little to no tax.