Archive for May, 2013


The Financial Benefits of a Stay-at-Home Parent

Losing a source of income stings, but it may not hurt your finances as much as you think By Daniel Bortz Before Lance Somerfeld’s son was born in July 2008, he was working as a sixth-grade teacher at a high-need public school in the Bronx, earning a salary of roughly $45,000. He left his career to be a stay-at-home dad, wanting to be involved in his boy’s early milestones—milestones Somerfeld’s own father missed while he worked a full-time job throughout Somerfeld’s childhood. The decision to become a stay-at-home dad also made sense financially. “For a quality day care or a nanny, …Read more […..]

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