Question: My husband is self employed. I used to work, but stopped when we started having children. We are fortunate that he makes enough for me to stay home with our children. He just took out a very large life insurance policy on himself. It seems like a lot to me. How do we know how much he needs?
Answer: First, a comment about your husband. Second, a few thoughts about how much life insurance is needed.
Happy Valentine’s Day! Your husband just brought home a Valentine that says “I love you” louder than a million clever cards.
Question: Back during the financial crisis, I had most of my money in my 401K plan in one of those target date retirement funds. I thought it would be more conservative than what it was. That thing went down as much as my other more aggressive holdings. Fortunately most of it has come back, but I now have less than five years to go until retirement. Are these things still a good idea for me?