‘My wife is really cheap, which I adore’: We have $3M in investments, but I paid the bills while she worked as a teacher. How should we split our expenses in retirement? – MarketWatch

December 20, 2021 by No Comments

My beautiful wife and I are both 64. We were married late in life, and thus keep our assets separate. My wife is an amazing investor. She retired from a career as a teacher, and did not make much money, but she has amassed $1.5 million through aggressive investing and dollar-cost averaging.

I, on the other hand, acquired $1.5 million, through contrarian investing, diversifying in U.S., euros and precious metals, and real estate. At the moment, I have 50% of my assets in cash and 50% in a mix of bonds and contrarian assets. My wife continues to play an aggressive 80% stock strategy.

‘If you ever see a penny with tears in its eyes, my wife probably was probably squeezing it at some point.‘

At the moment, I am the sole breadwinner so I am paying for 90% of our existence, which is OK for me. I want my wife to continue to build her mountain upon which to retire. Plus, we moved to Europe so she could take care of her ailing mother while I continue to work.

She manages our daily expenses and my wife is really cheap, which I adore. If you ever see a penny with tears in its eyes, my wife probably was probably squeezing it at some point. We live on $2,500 a month, which includes renting here and a 100% paid-off condo in the U.S. Travel is our biggest and only extravagant expense.

The problem: My wife rakes in $150,000 a year in dividends, and the interest is growing. I pull in a meager $20,000 in dividends in good years. When we retire, my wife feels we should split expenses. I am wondering if this is fair considering I have been the base financial asset in case the market tanks.

I feel we should pool our resources, and live off that. When the market tanks — oh, and it will, BIG time — we can then dig into our (mostly mine) assets.

What do you think?

An Adoring Husband

Dear Adoring,

This is a pandemic puppy of a problem. I’ll explain why.

All things being equal — or as close to being equal as possible — it’s fair for you to reevaluate your respective contributions in retirement. Put down your assets, investment income, IRA/401(k) distributions and Social Security on paper in two separate columns, and then list out your joint rent, taxes, insurance, utilities and other bills in a separate column. The answer will reveal itself.

Take a long, …….

Source: https://www.marketwatch.com/story/my-wife-is-really-cheap-which-i-adore-we-have-3m-in-investments-but-i-paid-the-bills-when-she-worked-as-a-teacher-should-we-split-our-expenses-when-i-retire-11640001880


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