How many of us men, once generously employed within the "white-collar" industries have found ourselves; dismissed with significant severance checks , and or residual source of revenue from work performed, and no job offers in sight..or better yet..the lack of ambition to search for some other jailer? This quandary I call it the suburban delima of newly minted "S-A-H-M's" pronounced ..sam. "Stay At Home Dads with Money"...serious money,the kind of-- fly away to the Caymans with suitcases type of money and have plastic surgery for a new identity type of money,i'm talking about buy your personal private island and turn dreams into realities like Mr.Roark type of money .
For the reason that summer of 2008 the finincial sector cities across the globe from San Fransisco, Chicago, New York , London to Tokyo,Berlin , Paris and yes new centers of obscene wealth Dubai and Moscow have displaced a rarified breed of men (women as well--but this article focus is on fathers) who were concerned about re-selling, reinsuring, repackaging quite a lot of private and non-private debt: The only debt player that thrived in good times and bad times is the Debt Capital Markets Lawyer--this lucky cockroach collected a pot of gold at each ends of the rainbow and held the little lepercan hostage for more of your unwanted--and --damadged gold, the economic crisis blessed him and his boutique 7 man + secretary practice. The others: Debt Advisory Senior Analysts,Derivatives Brokers, Reinsurance Brokers, Debt Portfolio Managers, Alternative Securities Underwriters and plenty of other lesser known "debt" titles have collected a significant ammout of dismissal letters stappled to envelopes with six and seven figure contractualy agreed upon severance checks, or residual income checks.........The loss of generous job benefits and life insurance , the kind that middle-class salaried peoplecan only dream about and deem a security net or golden handcuff...does not equate for this group which recieves bonuses equal to 1/2 or more than twice there base pay... ..but slightly a lack of benefits to the job itself.
Fast-foward a few months and these exact same men mentioned above have develop into for probably the most part SAHM's. The wife still has her job , as is the case with such affluent couples, or the wife is also a Stay-at-home parent with many outdoor social obligations . The problem evolves when the wife feels insecure about confronting her husband about their life and health insurance planning. The laspse or huge gaps in coverage are only exasperated by the husbands lack of follow through in identifying the portability of the former employers' group health and life insurance benefits according to COBRA guidelines.( What is C.O.B.R.A well, that's another discussion and one will have to simply search the term on the internet. This article will not suffice as a forum to speak about the intracasies of this critical legislation as it pertains to employer benefits after a workers job has been terminated.) At home, hubby -who has gained weight since his dismisal plays X-box with his son every day even asdrinking the last bottle of Romanee-Conti that used to be hidden away for thier 10th year aniversary .
The largest part spouses irrespective of income or residual income, must throw furniture first , then approach the situation pragmatically: Yes, the unemployed husband has more time now to be an on hand father. Then again, the "debriefing" process needs to take place. Nearly all unemployed husbands that I've met, have procrasinated in sharing their true feelings about wanting to stay unemployed in order to be a stay-at-home-dad for a year or three . Alternatively, the unemployment debriefing with thier spouses and loved ones is paramount and involves describing in detail:
1. How the spouse used to be dismissed---with benefits, some portable benefits, or no benefits.
2. The quality and affordability of independently paying premiums for these benefits at the open market.
3. What other options are available for replacing all life and health insurance coverage.
4. What level of`additional life insurance is now needed if the spouse remains unemployed indefinately or chooses to retire earliy..i.e "retirement effective the previous day".
Nearly all of SAHMs are finding it harder and harder to justify thier sabaticals to thier families. Then again, much to thier circle of relatives's detriment,the circle of relatives is finding it twice as difficult to give an explanation for to friends and neighbors why dad is purposely not looking for a job--or in any case a part-time job . This elevates any other kind of SAHM to the limelight; the stay-at-home-dad-with-money that "evenly" occupies a part-time job. This part-time job may take the deritive kind of his former profession: tutoring high school math students-which would appeal to finance dads, career counsulting and resume rewriting-if dad used to be a former manager, writing ebooks, blogs, or simply monetizing his career knowledge with the usage of technology and web market--still remaining "at-home" along with his Romanee-Conti. The conscious refusal to do anything else as opposed to "unwind" can be a sociological phenomenom induced by years of harsh corporate culture inflicted upon American men. This article underscores the center of attention particularily on highly educated ,white-collar careerists who never in reality had an actual vacation or a "reflection moment" since graduate school . These men, these alpha-men have always had a feeling of superiority and inner cofidence in thier abilities hence the calming feeling of being sheltered from the crumbling globe and economy around them. They are going to hold a false sense of belief that they alone can find new employment at anytime they wish and this sudden loss of a career is meerly a hiccup in their long resume of achievements . For the suffering families it has been a battle to find a sense of being secure and secure from any further economic calamities they are going to be delivered to them on a silver platter at any moment. For instance, a sudden health issue--like dental braces for certainly one of the kids or traumatic surgery that would possibly cause their reserve savings to be halved that in a different way would have been covered by company provided health insurance. Because the public cost of private health insurance has been spiraling out of control many wives have reason to panic , especially those who want more children before they turn forty or who anticipate major dental work, or cosmetic surgery for themselves our their children.The remedies for reaching a balance in dislocated income families is complicated. When one spouse becomes the bread-winner , or all spouses do not work but sit down on substanial seven-figure rainy-day funds it in actuality is hard to calculate exactly when as a minimum certainly one of the spouses should are searhing for part-time work or full-time employment again to regain health insurance coverage. Only time will reveal when every husband and wife have reached their boiling point with the SAHM complex.
Author Resource:
Shadow internet millionaire Polo Mwonyonyi,a former insurance professional writes extensively about wealth creation in America in the only articles directory about Residual Income for those who want to earn more than an Average Salary .
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