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Reply to "Husband is dying - no life insurance or savings, I’m a SAHM"
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[quote=Anonymous][quote=Anonymous]I am so sorry you have to deal with this. It must be so hard for you and the kids. -Sell a car now and make the proceeds your emergency fund. -Take 1/2 life insurance payout and save it or put it in low cost index funds. -Don't touch retirement accounts until 59. -Get a job as soon as kids go back to school in August. Do you have any savings from before you became a SAHM? Parental help? Siblings? How old are you? 30s? 40s? Kids age?[/quote] Thank you for the helpful advice. I have about $2k to my name right now in my personal acct. My parents might help financially if I really needed it. They are not local and too old to provide any physical help like babysitting. No local family at all. I have a sister on the west coast. Husband’s family isn’t local either. Everyone is a plane ride away. I’m in my 40s. Kids are 4, 6, and 9. I’ve lived and worked in the DC area for 20 years so I do have very close friends who are extremely supportive and helpful. [/quote]
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