How do you know when...
DW and I are 56yo. Unfortunately DW was diagnosed at 15yo (yes, fifteen) and has some serious health issues, so we've been hitting our bucket list as fast as time and money allow for forty years. She ...
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Only u know the details, but I understand what you're feeling.
Similar situation with my wife but we are younger, 2young kids still so chasing the dollar is not an option at all yet.
Financially we are fine now, well above avg but it still weighs on you how long either of you have left.
Aside from income and your nest egg whatever it is now, what about your estate?
You can borrow/spend a lot of $ against it and just won't have any estate later in life but debtors can't collect from the dead! Use it up. Plenty of people doing the same for far worse reasons.
Coming from someone who is debt free right now but saw the system in action when my sister drained my parents estate before mom passed away.
I can tell you that when creditors start calling your kids/executor after you're pushing Daisys, the kids can tell them to FO. Worst they can do is put a lien on what's left of your kids inherited it but they will settle for far less than owed since they'd rather have a dollar today than $5 when the liens may become collectable in the future.
Similar situation with my wife but we are younger, 2young kids still so chasing the dollar is not an option at all yet.
Financially we are fine now, well above avg but it still weighs on you how long either of you have left.
Aside from income and your nest egg whatever it is now, what about your estate?
You can borrow/spend a lot of $ against it and just won't have any estate later in life but debtors can't collect from the dead! Use it up. Plenty of people doing the same for far worse reasons.
Coming from someone who is debt free right now but saw the system in action when my sister drained my parents estate before mom passed away.
I can tell you that when creditors start calling your kids/executor after you're pushing Daisys, the kids can tell them to FO. Worst they can do is put a lien on what's left of your kids inherited it but they will settle for far less than owed since they'd rather have a dollar today than $5 when the liens may become collectable in the future.
