I had my first kids when I was 35. I am also 35 now, use that for whatever this advice is worth (probably worth less than you paid for it).
There are three sides to this. The majority think this is a bad idea, my thoughts were similar to scrimpandsaves.
Quote:
|
It's pretty ignorant to say that she will be doing most of the work because he will be too tired...everyone's situation is different.
|
What I would add is this. Havings kids later in life is more profitable. By a long shot- not even close (IMO).
I have significant savings set aside already at age 35. If I have to ramp savings down to pay for kids stuff, I can afford to do so and still use the compounding of present savings to keep me ahead of the majority.
In addition to that the financial risks being mentioned do not discuss hedging those risks (LIFE INSURANCE). Just hedge the financial side of issues with a 20 year term policy when each kid is born (maybe a 15 year or 20 year term) for around 200-300k.
What appears to be the problem?
I would advise OP (LAL) to be a sister and make a serious comment, but also to be supportive. Do not put in a "divide" just to say "I told you so". If crisis hits in 5-10 years, your sister will need her family then more than she does now.