October 3, 2024

I’m 54 and have terminal cancer. I have a wife, 47, and an 8-year-old child. How do I split my $700K retirement and $530K life insurance between them?

 I’m 54 and have terminal cancer. I have a wife, 47, and an 8-year-old child. How do I split my $700K retirement and $530K life insurance between them?

I’m 54 and have terminal cancer. I have a wife, 47, and an 8-year-old child. How do I split my $700K retirement and $530K life insurance between them?

“In short, who should get the retirement accounts and who should get the life insurance?”