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[quote=Anonymous][quote=Anonymous]I got laid off and am trying to think about next steps.

Assume: 
- 3 kids, [b]one late ES[/b], two in high school. [b]College savings for all is done. [/b]
[color=red]Just undergrad or are you thinking of paying for grad school or professional school too?[/color]
- mortgage is $5k/month. [b]Equity of 600k[/b].  [color=red]How much is left of the original principal and how many years? Do you have  a good rate?[/color]
- car payments totaling $300/month [color=red]Great. Think of three cars for your kids when they start working or go to college too. [/color]
- 3.5 mill saved for retirement/brokerage. Continuing to save on DH’s income. [color=red]Do you have any idea how much monthly income in today's dollars you will need post retirement? Will you have that amount by retirement age? Conservatively, what is there is no social security by the time you retire[/color]
- DH income of 300k, pretty stable. 
- no family help unless truly needed.

I’m 45, DH is similar. I’m not sure what I want to do with the rest of my life, but I have no motivation to get another full time professional job and jump back into the rat race. But, it isn’t fair to DH to support us all, and also, [b]what if something happens and we need my income[/b]? 
[color=red]A whole lot of term life insurances is what you need for this peace of mind.  Also, have disability and long term insurance for both of you.  Get in good shape so that you get good rates.[/color]

I could be more fulfilled with some volunteering and perhaps a part time job. That feels entitled to me, since DH will be working all day. He says he has no preference. Divorce is not on the radar but of course even his stable job could go away.

I don’t want to make an irresponsible decision because I’m burnt out. Any thoughts? 
[color=red] 1. I became a SAHM when my youngest was 1 yr old at age 40.  
2. We did a whole bunch of term life insurances so that if something happened to my DH, I would never have to go back to work in my life. 
3. DH was making as much as your DH is, but, our home was not very expensive. 
4. Only 2 kids.  Nicely spaced. Only went to public magnets and state flagship university for full tuition merit scholarship. 
5. Over the years - we were able to pay for college (R&B), grad school, car, wedding...

I will say that it was only after DH loaded us up with all sorts of insurances, and knowing no divorce or cheating would happen, and having a great pension from work, and having no pre-nup etc...that I was able to relax about the finances.  I have continued to have a paucity mindset because I was always scared that some financial disaster will occur.  Of course, now we have passed the age that even getting laid off will not impact us that I have relaxed.

I believe that being a SAHM was a great choice and it really benefited my family.   BUT, the financial anxiety is a real thing.  You have to prep for it by getting your insurances in place and living below your means.   
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