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Money and Finances
Reply to "58 and no savings and no pension"
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[quote=Anonymous]Op, we did not start saving until we were 48 years old. Ten years later my dh died. Luckily he had term life insurance through his job, and as a result I am okay. I would advise you to do what you have to do for yourself right now. Make sure you and your spouse carry a fair amount of life insurance on each other, so if something happens to one of you, the other will be okay. The remaining spouse should then name your children as the beneficiaries of their policy. Upon the demise of both of you, your DCs will inherit something. This should make up for what you cannot do for them now.[/quote]
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