Financial Responsibility – Mother’s Day and Stomach Flu
Planning & Responsibility
The wicked stomach flu that has been going around hit our house hard this past month. I’ve been the only one to escape its wrath.
For the week that Anne was out of commission, I got a trial by fire in what she does on a daily basis. Without her, the wheels fell off the tracks quickly. One day I made three trips to the school. Once you do that, there really isn’t much else you can get done. Another day was a trip to the ER, two trips to school, and soccer practice. Our kids are in a cooperative school, so they’re homeschooled two days a week. I got to experience the amount of work and preparation it takes to not only run the household but educate our kids.
Not sure how she does this.
It reminds me of a story another advisor told me about when his kids were young. One weekend, his wife went out of town, and he was home with his two kids for 3 straight days. The first thing he did when got back to the office on Monday was find out how much life insurance he could purchase on his wife.
There have been several studies that have attempted to value homemakers’ contributions, I’ve seen them as high as $100,000 per year. And this doesn’t include the value of specialization, which increases the productivity and income potential of the other spouse.
Moms work the equivalent of 2.5 times the average work week (98 hours per week) and get about 1 and 7 minutes to themselves a day.
Studies also show that working moms still shouldering the majority of the work at home.
Andrew Eppes is a registered representative of and offers securities and investment advisory services through MML Investors Services, LLC. Member SIPC. www.SIPC.org. Nexus Advisors, LLC is not a subsidiary or affiliate of MML Investors Services, LLC, or its affiliated companies. 14241 Dallas Parkway Suite 1200 Dallas, TX 75254 972-348-6300. The idea of retirement means different things to different people. CRN202502-1630160
Securities, investment advisory and financial planning services offered through qualified registered representatives of MML Investors Services, LLC, member SIPC.
Supervisory office: 14241 Dallas Parkway, Suite 1200, Dallas, TX 75254, Phone: (972) 348-6305 Nexus Advisors, LLC is not a subsidiary or affiliate of MML Investors Services, LLC or its affiliated companies. #021462-003 9/2005
We are licensed to sell insurance products in the following states: Arizona, Arkansas (AR License #1126134), Colorado, Delaware, Florida, Georgia, Indiana, Louisiana, Maryland, Mississippi, Missouri, Montana, New Jersey, North Carolina, North Dakota, Ohio, Oklahoma, Tennessee, Texas, and Wyoming.
We are licensed to sell securities products in the following jurisdictions: Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Iowa, Louisiana, Maryland, Minnesota, Missouri, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Virginia, Washington, and Wyoming.
We cannot communicate with, nor respond to requests from users who reside in jurisdictions where we are not licensed to conduct insurance and/or securities business.