Sentences with phrase «spouse leaves the workforce»

But then when they start a family, one of the spouses leaves the workforce to raise the children and all of a sudden they're bringing in a lot less money each month.

However, courts recognize that when one spouse leaves the workforce to care for the couple's children, he or she is still serving an important contributing role that should not be overlooked.

Not exact matches

Talking to your spouse about retirement before you leave the workforce is important in reducing conflict.»

EBRI's Retirement Confidence Survey shows that nearly half of retirees had to leave the workforce earlier than they'd planned, usually due to health issues, a company downsizing or having to care for a spouse or other family member.

Fifty - five percent of retirees who left the workforce earlier than planned cited health problems or disability as a reason for early retirement; 17 % cited caring for a spouse or other family member.5

If one spouse plans to quit his or her job to take care of the couple's children, a prenup can prevent the spouse from having financial problems caused by leaving the workforce.

Postnuptial agreements can also protect the financial interests of spouses who leave the workforce to raise a family.