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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Seems no matter what financial milestone I hit (recently got to $1M in net worth minus primary residence) it all feels like a house of cards. Stock market, real estate, and job all feel too volatile. [/quote]

Just curious if you're willing to share...how old are you and is your $1M less primary residence yours alone or is it a combined number with what your spouse has also saved?[/quote]

OP here: I am 40 with one child. Widowed three years ago - half the net worth is due to life insurance. It was not really adequate to replace my husband's earning power but I am very grateful to have it. I suppose some people have nailed it - this is an anxiety issue. I already know that the worst can happen, because it did. Now I am the sole provider for a small child and have college, mortgage, and retirement on my shoulders alone. If I lose my job and can't replace it at the same level, or if we have a major medical emergency, or if the stock market tanks, the whole house of cards could fall down very quickly.[/quote]

OP--I'm sorry for your loss.  It makes sense that you worry.  You're right, the worst has happened and you have survived.  But I'm sure that the lessons you learned has stuck with with.  Those first few months without your husband must have been very scary.  The best you can do is do your best.  Budget and save.  Remember that your retirement is more important than your child's college fund.  I know that's hard to hear, but your child can get loans if need be...no one is going to give you a loan for retirement.

Do you have a fall back job just in case you lose your job?  For example, I'm an accountant by education and certification.  But I don't practice.  I left Big 10 and never looked back.  I still have my CPA license though and I maintain it.  If I ever lose my job, I can always go back to Big 10.  Not at my current income, but probably at a Sr. Auditor level.  It would require changes to my lifestyle but I wouldn't be income less.  I also have a Phd in accounting.  Recently I picked up 2 classes to teach in the evenings online.  Again, it won't pay all the bills but it does bring in additional money that I could use for say...food.  My point is, it's hard when all your eggs are in one basket and you have no one else to turn to for support---either financially or emotionally.

Ignore the crazy people on here who say you are worrying too much.  You're not.  You're looking out for the interests of you and your child because there is no one else to.  It might be wise to talk to a financial planner about investing the life insurance.

Good luck.[/quote]

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