Can one of us quit our job to take care of our kids?

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	Can my spouse quit working to take care of the kids? By The-Adviser.com -
SERVICES Money Management Portfolio Reviews 401(k) Rollovers Retirement Financial Plans Estate Plans College Savings Clients Only WHY US Benefits Available Services "Interview Us" Fee Information Disclosures Applications Clients Only THE COMPANY Background Philosophy The Press Policies Opportunities LINKS Home Page Related Links Stock Quotes	New York - Many individuals wonder whether or not the wife or husband can quit working to take care of the kids. Many individuals do not want to place their children in child care; however, believe they can not afford to do so. Many individuals overestimate the impact of a having a second income to financial support their families, especially during the child's early years. Much of the second income is spent on the costs of child care, a professional wardrobe and other work-related expenses. Not only that, there is the additional stress of a second job, the time to commute and the time at job-related work functions. Although each family's spending varies widely, staying at home may requires only a slight change in spending habits. You need to calculate the after-tax impact of one spouse not working. Remember, if you lose one income, your total taxes and tax rate will decrease significantly. This after-tax effect may be enough to offset the loss of one income that when combined with a small lifestyle change, will be sufficient for one spouse to stay home at raise the kids. Long-term, it is important to understand that one spouse not working will reduce your overall financial wealth, especially, if the second job provided retirement benefits. As the child grows older, most people who stayed home in the early years desire to reenter the workforce. Child care costs begin to decrease as children grow older (e.g. no more pre-school or nursery school expenses). About Us The Independent Adviser Corporation is a 100% Independent and 100% Objective Financial Advisory Firm that writes buy-side investment research. Our network of independent Fee-Only Financial Advisers serves individuals, families and businesses. They provide financial planning services, tax advice and offer professionally managed asset accounts. They do not underwrite corporate securities nor do they sell any proprietary products. To find out more or get a FREE consultation Ask The-Adviser.com or call 1-800-ADVISER.	Your Financial Adviser can prepare a financial plan that may allow you or your spouse to stop working. Got an investment question? Ask The-Adviser.com Open a professionally managed account: Brokerage Accounts Traditional IRAs Roth IRAs 401(k) IRA Rollovers 403(b) IRA Rollovers College Savings Retirement Savings Hire The-Adviser.com Click here for our Top Ten Investment Picks Financial Advisory Services Money Management Retirement Planning Portfolio Reviews 401(k) Rollover Assistance College Savings Financial Plans
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