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Bloomington is whether Sheryl in -- calling.
-- -- -- -- -- Hey Dave how are you better than -- -- -- -- Well I -- it has then you just that two months ago I think and deadly.
-- and -- -- 44.
Rule -- manager doesn't merit.
Eight -- well what happened.
He didn't had an ailment and it just.
Didn't that can kind of unexpectedly.
-- thank you -- the well we did not have.
We hadn't really started on any kind of plan yes.
We had both have our.
Retirement -- one case their work and he did I did receive life insurance.
While it seemed like a lot of money -- reality really is not and I'm I have three children.
And trying to figure out the best -- he used that amount of money to.
The chaos that the few small things that we have.
And bill we have -- laughed at for.
Earn an income off or something like that -- So much and on this show or how much was in his 401K.
The 401K and your retirement together was about 33000 and I already -- -- in two.
You just another primary.
Good that was well done right.
And how much in life insurance is there this seems like a lot but -- not enough.
-- About a 129000.
-- -- you you accurately describe that them.
But they know how much -- of -- has -- not counting your house.
I have 8500 dollars 8500.
Jet -- miscellaneous.
You know little.
It or card type is saying that we had in store credit cards or something like that they're not -- And then I have -- cars that I had just purchased.
Back -- -- -- and I.
Have about 151000.
And then our home which I am in the -- that the trying to sell.
What -- are you -- you can't afford it now.
-- -- number one I can't afford it but we have.
Sort of the unique situation -- that.
I have my two older children from a previous marriage.
Go to school and one school district in my younger ones from the marriage goes to school -- -- At different lunch and I need them all to be in the same school district now though I get me.
Not pull my hair out too much did.
And he would helping me with that before so I didn't really worry planet you know now I -- so I can't -- about his car.
And he had made only a work vehicle -- we only have for the one car.
It was -- was a company car furnished by -- company.
And -- your kids.
Thirteen eleven -- and then.
We -- probably gonna get -- obviously don't get a sizable set of Social Security payments towards them.
Well Jack young didn't want it -- last -- when they weren't he has yet who and what.
And what do you make a year.
Forty and we'll tell you what that he used to make.
Here's a good rule of thumb and then let's try to figure out what we -- what we've got a bit of violate that are not violate that.
You're you're awfully calm and level headed and it's because -- survivor and you've got some kids to take care of and years and -- up and getting it done.
But they're the truth is if there's a lot of grief involved in this too.
And so one of the things I always recommend that folks when it lost a spouse is -- true really -- do nothing.
To the extent they can.
For a short period of time maybe a six month period of time try to do nothing it's not good to make major decisions in the middle of all this if you can avoid it.
Now you've made a decision about this house based on trying to get your life.
Balanced time wise logistically getting these kids to a school and I don't have a problem when that.
I don't have.
That's a major deal to move.
Yes and -- -- -- deal to sell your home is a major deal to buy another home.
And I worry about you buying on the -- -- out of this.
While while all this is going on while the initial stages of grief for there.
-- -- so you know if he if you go ahead and do that just be very very careful.
And and get some outside counsel gets some people to walk with you go slow enough that that.
In spite of the fact that you're going -- one of the worst experiences in your life you're still can make a good decision okay.
Right so that's kind of a friendly warning to be very cautious.
This is not a good time be doing this I understand why you're doing it but you see why it's not a good time.
I don't -- cut it and the same with investing decisions.
-- -- you -- to pull the trigger on rolling the for a one Kato and I aren't I would have done that too I think that's a good move.
I'd probably go ahead and pay off both of these -- right now.
Including my car yes.
OK I want you to be debt free.
-- And then I'm probably just gonna park the rest of this money in a money market account and not touch it for any reason.
You're going to get a clear.
You're going to have to get on a very very strict budget and learn to live on what you make because you do not have enough to live off of the income of this money.
-- And you've got to set your lifestyle up and such a pattern that without the car payment without the other depths that you live on forty.
And I think that's gonna change the purchase on this -- house to.
-- and so -- -- -- got equity in the home you're selling.
Not really because we can't just had added on in the last couple of years they -- Refinance at that time -- no not not any good because.
And it would be OK with me and -- I'm not telling you do this but I'm telling you think about it if you rented.
Europe that's what I was thinking of doing for a year.
And and let's just get let's just kind of get some of this behind us and then.
You be in a much better mindset to come by and you might choose to use a little bit of that 100000 or so that's left at that point as a big down payment.
And that's probably the directional wanna go when it but I don't wanna -- where that two months after you lost your partner of eight years.
I I just don't make that decision right now because it's a very permanent decision.
-- and I would rather let that money sit there make as few big decisions that I can for six months and then that so -- for six months -- a year.
Then -- and then I'm probably gonna use this as a big down payment to be able to get you into the house and into the school district that you want.
Sent it you know and still payment that you can afford making 40000 now we wanna help you as a Christian I'm told to help would -- And so.
Let me try to reach in and help you what you go through financial each university which is thirteen -- series as my guest.
And it'll give you some structure and and some lessons and some emotional structure help you make your decisions with going forward -- -- -- on the line.
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