The Sugar Daddy Podcast
Ready to normalize talking about money? Then welcome to The Sugar Daddy Podcast. Every episode will get you one step closer to your financial goals. Whether that is learning how to invest, budget, save, retire early or simply make better money choices, Jess & Brandon have got you covered in a way that's easy to understand, and easy to implement. Tune in as they demystify the realm of dollars, so it all makes cents, while giving you a glimpse into their relationship with money and each other.
Brandon is an award winning licensed financial planner, and owner of Oak City Financial, with over a decade of experience and millions of dollars managed for his clients all over the United States.
New episodes published the first three Wednesdays of every month.
The Sugar Daddy Podcast
103: Stay-at-Home Parenting: The Privileges and Financial Risks
For many families, the decision to become a stay-at-home parent isn’t really a choice, it’s the result of America’s broken childcare system. Daycare costs can swallow an entire paycheck, but leaving the workforce carries hidden financial risks that can last for decades.
In this episode, Jess & Brandon explore:
- How career gaps impact your resume and earning power
- Why retirement savings and Social Security shrink when you’re out of the workforce
- The power imbalances that can emerge in single-income households
- Why divorce hits stay-at-home parents especially hard
- Strategies to safeguard your financial future, from spousal IRAs to postnuptial agreements
If you’re weighing the decision to stay home, or are already living it, this honest conversation will help you navigate the intersection of parenting, money, and identity.
Watch this episode in video form on YouTube
To apply to be a guest on the show
You can email us at: thesugardaddypodcast@gmail.com
Be sure to connect with us on socials @thesugardaddypodcast we are most active on Instagram
Learn more about Brandon and schedule a free 30-minute introductory call with him
Please remember to subscribe, rate, and review.
In today's episode, we discuss if being a stay-at-home parent is a privilege or a risk. We all know that there are benefits, pros and cons to being a stay-at-home parent, but what happens when life happens and you are no longer financially sound? In this episode, we're unpacking the real cost of stepping away from your career and how to protect yourself if you do plan to do it.
Speaker 2:Hey babe, what are we talking about today?
Speaker 1:Today we are talking about being a stay-at-home parent and what that means for people financially.
Speaker 2:Yeah, so we're kind of diving into the aspect of is it a privilege, is it a risk, kind of all those things are associated with making that decision for your family.
Speaker 1:I think it's both, I think you know. I think first you have to really think about who you are as a person. I knew very early on that, even though we wanted to have children, I did not want to be a stay-at-home parent. Now that's not to say that I wouldn't have enjoyed staying home longer, having more of a maternity leave, having better, you know, health benefits, all those things that you know you get in other places besides the United States. But you know you have a child, especially your first, and you're like underwater, you're sleep deprived. All you want is to like absorb this tiny little human and all their snuggles. And then I mean, for some people they go back within days, within four weeks, six weeks I mean you have not even come up for air and you're supposed to go back to work. That's insane.
Speaker 2:Yeah, I think the issue is very much focused on being a US thing Because, as you say, a lot of the other countries have a lot more support for parents once they have kids, and here in the United States, even though we have an administration that's talking so much about family first, family first, administration that's talking so much about family first, family first, they are gradually taking away the few things that we do have that do help parents when they first have kids. And it discredits me because the thing is we have friends in all different areas of the world, but then also we have friends in the United States that are stay-at-home parents. We have ones that, like I don't want to do it at all. So we, you know, see all the different aspects of how that works.
Speaker 1:And honestly and the pros and cons of it.
Speaker 2:And, honestly, I would say, the majority of friends that we have. Where a parent chose stay at home, it was always the woman. I don't we don't currently have any friends that are stay at home dads. I'd say that there aren't stay at home dads out there, but the ones that we do know it was more or less from a career standpoint choice, because they were all teachers.
Speaker 1:Yeah. So at that point you're just going to work to cover the daycare bill and that doesn't make sense. So it has to make financial sense to either decide to stay at work or if that makes you happy. You know, like I'm a person, I love and adore my children and I'm so grateful to be a parent, but also that is not the only thing that I find fulfillment in, and I know I need something other than all the house chores and the dishes and the laundry and keeping a spotless house and like that is. Yes, it brings me joy because I want my family to be in a home that they are comfortable in and that's beautiful and welcoming and they're safe and calm space. But also I need something else, and so there's that you know societal pressure right Of you know what?
Speaker 1:what makes a good parent, you know? Oh, you are putting your kid in daycare at six weeks. You're a terrible person. I mean, there's so much makes a good parent.
Speaker 2:What makes a good mother?
Speaker 1:Yeah, because we are the ones that carry the burden and the pressure.
Speaker 2:There is no pressure for a dad to be a stay-at-home dad, even though in some financial situations it makes sense when the woman is the breadwinner and maybe makes more sense for the father to stay at home. But in those scenarios I would say it's hard for the dad to do that because society looks at him as a negative, as if, like, he's not a man because he's putting his family first and doing what is financially sound for his family, which is crazy to me. But a lot of the pressure is on women and, in all honesty, is it a choice? Because I think it's a broken child care system that leads to this choice. So it's not really a choice that they're, like I said personally, we don't know a lot of people that made this choice on their own.
Speaker 2:It was more or less like hey, I only make, I make this amount of money and the amount of money that I'm making in my job will turn around and it's going to pay all that money basically to child care. Yeah, thousands of dollars a month. So, as a teacher, why would I do that if I'm already spending time? I'm already used to spending time with kids. Obviously, that's why I chose that career. Why don't I do that for my kids and stay at home with my kids.
Speaker 1:Yeah.
Speaker 2:All right, real quick. I want to speak to the person listening who feels like they can't work with a financial planner yet because they're carrying a lot of debt. First of all, I see you and I need you to know. You're not broken, you're not behind. You're just in a tough season. I created something just for you because I've had people reach out who are serious about changing their money story. But the full financial planning package just wasn't the right fit yet. So I built a new service through Oak City Financial that's focused completely on debt reduction no fluff, no shame. You'll get a one-time planning session, a personalized payoff strategy, your own financial dashboard and monthly coaching. If you want extra support while you climb out, it's $300 to get started and $100 a month. If you want that ongoing guidance, that's it. This is about helping you get unstuck, not making you feel like you failed. If this sounds like what you've been needing, go ahead and schedule a call with me. The link is in the show notes. Let's take the first step together.
Speaker 1:Well, and I think too, now there's another kind of added layer where people are choosing to homeschool because, unfortunately, school does not feel like a safe place, especially in the United States. So there's that added. I mean, I think about that.
Speaker 2:Not even just a safe place, just not the education that we should expect in the United States.
Speaker 1:Yeah, I mean I feel like we're talking about 17 different episodes in one episode right now. Let's bring it back, because there's just so much. I think what you really have to decide is what kind of parent do you want to be and what do your finances allow you to do? And one thing that I'm very firm on right now, in this busy season of life, is I work from home. Now I do, you know, I've started traveling internationally again, which I really enjoy, and that is a fulfilling part of my career.
Speaker 1:That's also something where, as our children get older and as our wealth and income increases, I want to take you guys with me.
Speaker 1:I mean, I've seen it at the companies that I've worked at, where all these top executives, I mean, they're just flying all over and you know, hey, the hotel room is already booked, the yacht is already booked, the event is already booked.
Speaker 1:Bring your family.
Speaker 1:So there are those perks that I think about, where, as the kids get older, I want to bring Aston on business trips, and then we go early, we stay late and we have our girl time, and then I do it with Roman, and you know, obviously I would love for you to come along, and so those are things that I think about when I think about my career, but one thing that I'm not willing to sacrifice right now is I'm not going to sit in traffic for an hour hour and a half, commuting one way there, one way back, missing dinner time, et cetera.
Speaker 1:And so for me, even though it feels stressful I certainly don't want to glamorize it but I am grateful that I can go from my office, which is right next to the kitchen, to the kitchen to make our kids dinner, you know, every single night, and I'm home with them, and I do think that, looking back at my childhood, you know my mom was home. She was there to make us our meals and we sat around the table very traditionally back in the day and had dinner together as a family, and those are things that I do think are important and shape who we are, and it is a privilege to be able to do that.
Speaker 2:And you know, in my scenario my mother raised my brother and I and so obviously she had to work and she had a career. She was a college professor.
Speaker 1:And I think with you. She went back within days of having you, which is like insane.
Speaker 2:Well, because at the time it was from an insurance standpoint Right. I ended up having to switch jobs to have insurance.
Speaker 1:Another societal flaw.
Speaker 2:The whole reason behind all of that.
Speaker 1:Yeah, but so she's a new mother. The whole reason behind all of that, so. But I'm yeah, but so she's a new mother. You popped out mere days ago and now she's having to leave you. She's breastfeeding, she's doing all these things and she's having to leave you for insurance. That is a societal problem. That is insane. Like your hormones do not regulate themselves and go back to their baseline level of where they're supposed to be until almost two years after you deliver and you have women going back into the office within days of delivery, I mean, you're literally still wearing a diaper.
Speaker 2:It's insane. It's a broken child care system.
Speaker 1:It's a broken system. Healthcare, child care.
Speaker 2:Making that choice as being a stay-at-home mom.
Speaker 1:Yeah, I feel like I should have gotten my mind right a little bit more for this episode, because I'm getting fired up over here.
Speaker 2:And I also want to preface that we're not one way or the other, because we are all for whatever works for your family.
Speaker 2:We were the ones that needed to make that decision what works for you. We made a decision what works for us, but by no means is this episode screwing one way or the other. However, we do want the conversation because there are some financial truths that do need to be discussed and there also can be some proper planning. That could happen before you have your family and make that decision. That would actually make the outcome a lot easier for you.
Speaker 1:Yes, because there is privilege and risk in staying home for either partner. So whoever decides to stay home, even if it's six months a year, three years, oh, until our kids go to, you know, pre-k whatever time frame you're putting on this, you are stepping away from the workforce. You will have a gap in your resume. I do think that there's a societal shift where, you know, if you see a gap in a resume, I think people are more empowered to say, hey, I stepped away to raise my children, or I had elderly parents that needed to. That is very new and people are, you know, not everybody's comfortable having that conversation. However, people are feeling more empowered to be, you know, to prioritize their families and to say I stepped away to be with my family, whatever that might look like, or to take care of my health or whatever that might be.
Speaker 1:And but there is financial risk. I mean, if you think about, you know you're not contributing to your 401k at that time you are, you know you're lacking an entirely separate income, so your savings is probably not where you want it to be, and I mean life is already so expensive as it is right now. So if you are a one income household, think about how much income one person needs to generate in order to, I mean, just cover the basics. Right, you're thinking about, you know, we're not talking about the dinners out and the vacations, we're talking basics. Now you've got diapers formula potential. You know, other child Children are expensive. So I mean, there's just so many things that I could list right now.
Speaker 2:Yeah, I mean. One thing that's really hurting people is that obviously, cost of things are increasing and we're not necessarily seeing the increase in our pay. So having a two income household can be significantly more beneficial when it comes to taking care of all those expenses. Now also, a two income household also helps with risk mitigation, because in this day and age, when we've experienced ourself, layoffs are real and when you have two people working, if one person gets laid off, at least you still have some income coming in, as compared if you're solely reliant upon one person's income if something happens to that.
Speaker 1:It's scary yeah.
Speaker 2:Now also the thing is, as you stated before, you know retirement savings. You know if you're not currently working, you don't have access to a 401k plan through an employer match, anything of that nature. But then also there's the thing of Social Security, because Social Security is based off of your income that you've been making throughout the years leading up to when you take it. So if you are currently not working, you're obviously not contributing to Social Security and that's going to lower the amount that you would be eligible for once you do become Social Security age.
Speaker 1:Which sidebar. I think people our age right, millennial, zillennial, I mean most of us, I think have come to terms with the fact that it is not going to be around. And let me just go on record to state I want to uncheck the box for Social Security coming out of my paycheck, every paycheck, because we know it's not going to be there. We're paying into a system that is paying out currently and is not going to be available, probably within 10 years unless something drastically changes, and I'm kind of pissed about contributing to something that I'm not going to have access to. We can keep going.
Speaker 2:Yeah, that could be a whole nother topic.
Speaker 1:Yeah, we'll add it to the list of growing topics.
Speaker 2:One thing that I've seen in people that I know that when you have a stay at home I'm just going to say what it is Normally majority of time stay at home mom, you have a stay-at-home mom and the husband is working. Sometimes you can see a power imbalance.
Speaker 1:I wish you would, but I get it, I get it.
Speaker 2:I've seen scenarios where you know the man is the one working, the woman is staying at home taking care of the kid and she's working as well. Obviously that's the hardest job, job, but she's not quote unquote bringing in outside income and Unpaid labor. Decisions made that I would consider to be a joint decision that needs to be discussed, where the man makes a decision without the wife.
Speaker 1:Like buying expensive things.
Speaker 2:Yeah, like expensive things that they don't necessarily need, like. So I've seen scenarios where the husband goes out and buys a new car, luxury car, luxury car without even having a conversation with his wife about it.
Speaker 1:If you make decisions like that in your house, unless there's, like you know, maybe this is not that scenario, but let's say you know you had a prenup. Maybe you did a post-nut like we did, Maybe there's a trust fund, Maybe there was an inheritance, and now it's like no, this is my money, this is not our communal money, Right. Then it's like that's different, right, Because like that's something that maybe you actually worked out and put some parameters around. That's typically not the case. But for somebody to feel so emboldened to be like I make the money, I get to make the choices and I can spend this money how I want, that is so disrespectful. I cannot even imagine being in a relationship where that thought would even cross my partner's mind Like that blows my mind.
Speaker 2:I mean, and also with that that leads into, what if you get divorced?
Speaker 1:Right hello.
Speaker 2:So if you have been a, so just hypothetically, you've been a stay-at-home mom for five or 10 years. You have that gap in your resume. Maybe there was some power imbalance so therefore you weren't necessarily part of the joint making of financial decisions. And now you guys got divorced. And what are you left with? Are you prepared to start over? What are you going to get? Are you going to get anything?
Speaker 1:Yeah, I do think, and we have people in our circle who you know maybe were nurses or accountants, or you know they were professionals in their own right before stepping away from their careers and they have maintained their certifications and their licenses and their continuing education credits, not because they feel like their relationship or their marriage is at risk, but because it's good to have, for all the reasons that we've already talked about. You know, you've already, you've gone to school, you've gotten your credentials. You might as well keep them up just in case, like if you stepped away as a teacher and to raise your children. Eventually your children will all be in school, unless you're homeschooling.
Speaker 1:My thought was always what do you do then? You know, like if we were in a position where I didn't have to work and our children were of school age and I have, you know, let's call it six to eight hours a day to do what I want, I mean, yes, it's great to do charitable, you know, work and be philanthropic, and to give yourself two hours to exercise every day and then do your housework, and like I mean that sounds lovely. I mean, for me, that would be lovely for a period of time, but I mean you have to think about, like what happens once your kids are in school, like what do you plan on doing with your time? I think you need to think about that too. Will you plan to go back to work at that point and what can you do to, you know, kind of stay networking, keep your credentials up, make yourself a desirable candidate if and when that time comes.
Speaker 2:Yeah, and you know kind of, with that being said, like we've discussed some of the hard truths that come with, you know, having a stay-at-home parent, more specifically a stay-at-home mom, yeah, but what are some of the things that you can potentially do if that's a decision that your family is going to make? I would say, first and foremost, is that, making that, having a conversation about it before it just happens? Yes, so, first and foremost, like hey, what will this look?
Speaker 2:like, if we're thinking about having kids, hopefully in the scenario you're planning beforehand, do you want to be a stay-at-home mom? Does it make more sense financially?
Speaker 1:And how long? How long do you think?
Speaker 2:Having that conversation. So you know the first part of it. Like you said, having the conversation and making of having a financial plan.
Speaker 1:Yeah.
Speaker 2:Because if you have two incomes and now you're going to be living off of one, have you sat down and looked at all the numbers and actually put together a plan that makes sense, that will allow your family to have that stay-at-home parent while also making sure that they're able to cover all the expenses that are necessary?
Speaker 1:I think there also needs to be like a plan A and a plan B, because the reality is, especially with your first child I mean, regardless of how many children, your hormones are doing a lot of things and you might go into this scenario thinking, hey, I'm going to be good to go back to work 12 weeks, right, my maternity leave is 12 weeks, I'm good. And then you're like, oh my gosh, that came and went. I'm not ready to leave my baby. So then what do you do? Like A, can you extend, and what does that mean for your finances? So I feel like you need to have like a caveat of like, ok, we're going to plan for this, but then it's going to be this Because even with our son Roman, who was born in October, in December he ended up being hospitalized for RSV and so he was in the hospital for a few days, and I mean he was a newborn.
Speaker 1:So I was terrified. I was like I'm certainly not putting my child, who just was hospitalized for a breathing condition, into daycare, which is a cesspool and petri dish of germs. Okay, we'll do 12 or 13 weeks. And it ended up being, you know, 15, 16 weeks for him, because I just was like I cannot put him in daycare, he's too small. I just had these visions of like him being hooked up to all the tubes and the oxygen and all the things, and it was terrifying and I was like, absolutely not, I cannot, I'm not going to work, I need to, like sit here and watch him breathe every second of the day. And so things like that happen and you have to be prepared for them, not only in well, what's your job going to do? And are they going to say OK, or what does it mean for your finances? Because at that point you know, I was over my maternity leave and I was just off of work.
Speaker 2:Once again, like I think it really comes down to planning. Yes, one thing, and knowing the details, not just a high level overview. You do need to dive into the details because you need to make a plan from. You know the finance standpoint as far as how much money you're going to have off of one income. Where's that going? But then also like, hey, maybe if I'm planning on being a stay atat-home mom, I don't quit my job beforehand. Let me go ahead. If I have a good maternity leave, take advantage of that, whatever it may be, and then quit afterwards. Yeah, I mean, your job may not like it, but like, let's be honest, if your job wanted to get rid of you, then they'll do it in their best interest, so why not do it in your best?
Speaker 1:interest, right Well, and there's a lot of. I mean there's a lot of benefits too. Obviously, if you're in that corporate life of some companies have really great benefits, you know. So if you can take advantage of that, take advantage of that.
Speaker 2:Also, it's talking through the logistics. So it's like, for example, if you're not going to, the mom's not going to be bringing in an income anymore. How is that going to look from like her own you know, her own big account? Is the you know husband going to split his salary that comes in and give her a certain amount? What's that going to look like?
Speaker 1:I know, but then it's like, don't you get into like the whole? Oh, I'm getting an allowance which, if that's what you decide.
Speaker 2:I'm simply stating that you need to talk through it. I'm not saying how you do it, but you need to talk through it. I'm not saying how you do it, but you need to talk about it and make a decision. Yeah, that makes sense. For example, in my ideal scenario is that the salary comes into the joint account. Things are paid from the joint account.
Speaker 1:Right, yeah, I mean you have to have a discussion. What does it look like? Know the numbers? I mean there's so much Basically, if you don't have a plan, it's all going to fall apart.
Speaker 2:But also, too, is you have to have the conversation A lot of people don't have. Is that, since the mom is not working, how is that going to look from a contributing to a retirement account? So a lot of people are not aware of things called spousal IRAs and what that's for is an, because people honestly a lot of people also don't realize that, for example, a lot of these types of accounts like a 401k plan you have to have through your employer often, and then an IRA, you have to earn income in a given year to even just contribute to an IRA, additional IRA.
Speaker 1:Yeah, you have to earn something. You have to earn income.
Speaker 2:So they have things called spousal IRAs that allow you to contribute to a stay-at-home spouse's IRA without them having to earn any income. That allow you to contribute to a stay-at-home spouse's IRA without them having to earn any income. So having a conversation about that and saying like hey, we're going to set this up and we're going to contribute to this spousal IRA for the non-working spouse, yeah, I mean I certainly would want again some sort.
Speaker 1:We're both products of divorce.
Speaker 1:So even though we are happily married, we still are planning for the worst case, and then you hope to never have to cross that bridge.
Speaker 1:But having seen my parents go through a divorce when I was in my late 20s, you do kind of always have that lingering thought of like well, what if right? Like my mom thought she was going to be insured by TRICARE for the rest of her life and now she works so that she gets health insurance and she's miserable because she has to work for health insurance. I mean, like I don't want to live that life, you know. So if I had decided to be a stay at home parent, I would have wanted all those protections in place to make sure that we are contributing, you know, at the same savings rate into retirement accounts, that we both have life insurance, like all of those things are really important, not only for the protection of your family but also for the protection of you. Like you as an individual person, not you as a mom, not you as a working mom inside or out of the home, like just you as a person.
Speaker 2:But you, obviously you have best intentions when you get married to stay together forever, but half of marriages end in divorce and I'm pretty certain that majority of those people didn't imagine themselves getting divorced. So therefore, you have to put things in place that just makes sense. So, like, having a prenup or a postnup can be so beneficial in the event that you do divorce and you do have a stay athome parent that they are able to receive some type of financial compensation that allows them to quote-unquote start over at a better place.
Speaker 1:Yeah, I agree, I think having it also, I think would give you peace of mind, because I can't imagine that the people, probably mostly women, who have chosen to stay at home don't sometimes have these thoughts of what would happen if Right, like it's the what ifs of life, and those are unknown, you know. And so having protection and plans in place, I think, is really important. And we know that statistically, in the event of a divorce, that women tend to lose more wealth in a divorce than men. Right, men typically come out on top and the women get screwed, and so what can you do to not screw yourself?
Speaker 2:Well, also, too, like having a conversation about it doesn't be either. Or Right Because, as you said before you, having a conversation about it doesn't be either. Or Right Because, as you said before, you know, especially if you're staying at home, you're a stay-at-home mom, your kids are starting to get older, so you do have a little bit more time during the day. Maybe there are some other things that you can do to start bringing in some income, even though you're still maintaining, you know, your stay-at-home parent duties Right. That can help out with independence, also help out just overall morale for yourself, because, like you said, obviously I don't know from a firsthand experience because I'm not a woman or a stay at home parent, but there is that I did anything where, like you were stating like I don't, I always you stated that you never want to be a stay at home, only be a stay at home mom, because you have other parts of your identity that you want to fulfill.
Speaker 1:You have other parts of your identity that you want to fulfill. Yeah, I need, like, an outlet. I need to talk to adults. I need to just feel like I'm contributing to something that is not just my home.
Speaker 2:And we've also we've heard that from other stay-at-home moms, we know, when we interviewed for the podcast, where it was this kind of like shift in identity, where they were like, am I just a mom? And I don't mean that in a negative way, but that's right feeling, because obviously being a mom is a major thing and I guess myself being a dad is a major part of who I am but it's like am I just that Right or am I? You know, I want to be something more than just that also.
Speaker 1:Yeah, well, and I'm somebody like I like a challenge, I need to like learn and grow and new things, and not saying that you can't do that as a stay at home parent. But I get a lot of that fulfillment through work, and that's not to say I mean a lot of this podcast is about becoming work optional and having time freedom and you know those are all things that we're working towards. But in general, I'm very happy working, especially now, like I'm working from home. I'm not commuting, you know I have a very. You know I do a lot of creative things in my job, in my role, I have to think outside of the box a lot and I have to problem solve and so, yes, at the end of the day, there are days where I'm just exhausted and mentally completely drained, but I get a lot of fulfillment knowing that A I can stand on my own two feet should something happen, but also, eventually our children will not be school-aged.
Speaker 1:Well, like then, what feel differently? But for now, and very early on, when we started, having still have health insurance, listen, I'm sure I would have felt differently because, you know, would I have loved to just take my kids to the park every day and yeah, of course, but the reality in the US is that's not financially feasible for most people, and so I think the way that you know we did it was great. And you know I'm sure I would have changed a few things here or there if we could have, but overall I think we had a plan and we talked about it and I think that's what's most important.
Speaker 2:Yeah, I mean, and if you're someone listening to this podcast and you didn't have to even think about any of these things as far as being a stay-at-home mom, congratulations, that's a privilege. That is a privilege. You have one income that is substantial enough to carry the household with no issues. Now I wouldn't say it doesn't carry risk, because you still have that.
Speaker 1:Yeah, hopefully you have those things in place, yeah.
Speaker 2:Like I said, it's a privilege, but then it can also be, you know, kind of a forced decision based upon your scenario. The biggest thing we want to, we want you to take away from this episode, is have the conversation beforehand. Have it before the kids here figure out one which way you want to go and whichever way you go, have a conversation on what that's going to look like in actual practice.
Speaker 1:Yeah and put numbers behind it. Right, if your partner, that is, the working partner, is contributing 4% to their 401k because they get a 4% match, well, can you also get 4% or 8% into your spousal IRA or into?
Speaker 2:your. I'm going to interrupt you from a number standpoint. It's probably going to Because you have much lower contribution maximums to a spousal IRA than you do to a 401k plan.
Speaker 1:Okay, well, thank you. Well, I'm just saying there are ways that you could even it out, right, yeah?
Speaker 2:100%, Because you can also just contribute to a brokerage account stuff of that nature.
Speaker 1:Right, Exactly Like oh, you do 4%, I do 4%. There are ways to contribute, to make it more, even to make sure that your future self is also being taken care of. So there are no right or wrong answers. Whatever you all decide, you know everybody is an individual and to run the numbers, preferably before you're sleep-deprived and the baby is here. But there are ways that you, as a stay-at-home parent, can also be protected financially, and those are the things we want you to be aware of.
Speaker 1:Hopefully, this episode was fun and informative. Share it with a friend. As always, we are glad that you are here and we'll talk to you soon. Friend, as always, we are glad that you are here and we'll talk to you soon. Don't forget. Benjamin Franklin said an investment in knowledge pays the best interest. You just got paid. Until next time. Thanks for listening to today's episode. We are so glad to have you as part of our sugar daddy community. If you learned something today, please remember to subscribe, rate, review and share this episode with your friends, family and extended network. Don't forget to connect with us on social media at the sugar daddy podcast. Social media at the sugar daddy podcast. You can also email us your questions. You want us to answer for our past the sugar segments at the sugar daddy podcast, at gmailcom, or leave us a voicemail through our Instagram.
Speaker 2:Our content is intended to be used, and must be used, for informational purposes only. It is very important to do your own analysis before making any investment based upon your own personal circumstances. You should take independent financial advice from a licensed professional in connection with or independently research and verify any information you find in our podcast and wish to rely upon whether for
