Originally Posted by donheff
If you spend all of your income (ex 401K) and save all of his make sure a subatantial portion of his savings are in your name or save it in a joint account. You may stay together and retire in 20 years or not.
Welcome to the forum by the way.
To protect yourself, I can't overemphasize the above. Otherwise, from a legal standpoint, you are very much being taken advantage of.
That said, the smartest thing my wife and I did after marriage but before kids was to live off her salary and put mine in the bank. We figured that once kids arrive (we both wanted children and were mid 40s and mid 30s) one of us would not be working so wanted to establish our lifestyle at a modest level that we could sustain once kids came into the picture. She did quit work and we found we could easily live on my income alone at the lifestyle we had agreed upon and still save for retirement.
In hindsight, it was a very wise move. We were able to purchase a home w/o a mortgage due the money I had earned & saved before kids. And when an opportunity came to retire early (company was downsizing), without a mortgage payment hanging over our heads, I retired and joined her at home and my then 3 and 1 year old sons. That decision enabled a whole different family life than would have been possible otherwise. I still do some work on a seasonal basis, and so does my wife, but it's what we want to do, not must do.
All this was 20 years ago and it'll be 15 years since my retirement in two days (Feb 3)