2 upvotes, 1 direct replies (showing 1)
View submission: Living with no Retirement money
I just turned 40. Hubby and I recently sat down with our financial planner to discuss retirement. We were told we are doing great. Based on the little money we have in Roth IRA and other smaller retirements accounts, both of our SS, and both of our state teacher retirement funds we would be set.
My husband got diagnosed with stage 3 colon cancer two months ago. Our lives obviously got flipped upside down and it’s been a lot to deal with. I can’t help but think about how our retirement plans always consisted of the two of us retiring and having both incomes and how much different that looks if one of us were to die.
The last few years my husband had been more of an earner than me. He has more in his SS and more in his teacher retirement account. He works at a college so his income is higher. If he were to die I would only get a fraction of the retirement money in a lump sum and then just my SS. If he passes I can honestly say that I wouldn’t be prepared for retirement.
Comment by Scout1228 at 07/02/2025 at 06:07 UTC
1 upvotes, 0 direct replies
I’m so sorry about your husband and hope he’ll recover quickly. You’re still young and have time to organize yourself for retirement.