In regard to life insurance:Go with term insurance. It's infinitely cheaper than the other types.If your DH passed away tomorrow, how much money per month would you need to meet your obligations? Multiply that by 12 months. That's what you would need per year. Then multiply that number by 20: you'll get the amount you need in insurance so that you could invest the principle at 5% interest and just live off the interest til the cows come home. Another general rule is to get 10 to 12 times your DH's yearly salary for his policy.In our case, DH makes 75k per year. I'm not working now. Our expenses are about $4000 per month. We have about $900,000 of insurance on DH, and it costs about $43 per month. And we got it for a 20-year level term, as we should be close to having a full retirement nest egg by then.Hope that helps. You're "Foolish" to decide on managing your own finances! Good luck!
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