This is a major concern of mine as well. My wife is 14 years younger than me so the likelyhood of me outliving her are pretty slim. I have been trying to make sure that she will be fine by having her save the maximum in her 401K, buying additional life insurance now while I am younger, buying long term care insurance and when I am eligible to pick a survivorship option she will get the 50% option. I have a long term care policy for her too but hers will be paid for if I die first. I have also arranged for my insurance policy to be paid off when I retire so I won't have to pay for it after retirement.
Now with all of this being done, my goal is for her to not have to worry too much about finances should I pass along. However, I did not wish to make her so wealthy that she might get any ideas to speed that process along. :-) Thus, she will have to work until the age of 55 to meet the goals set with her 401K. Then she would be in great shape.
She does Art, but I figure if I kick the bucket before I am 70. She will still need to finish off the mortgage and depending on how or economy and the stock market works, her finances could be who knows what. If she is doing moderately well Uncle Sam will love her. I am just trying to plan so we both are ok. I plan to have as much fun as possible with lots of travel even when she is still working. :-)
Don't get me wrong. She's saving the max in her 401K and paying for the insurance policy. I am not doing all of the work.
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