Condolences for your loss and respect for your husband for planning for you even in the worst-case.
I agree the 529 should be your "last resort" and really should only be funded from current income (working). College can be funded in many, many ways but retirement in really only one.
The cash should be earning around 4%, so if it is not, move it to a HYSA or a money market fund or similar. Fidelity CMA has SPAXX, as do others.
Age of children matters a bit here.
Your own 401(k) indicates you have a job - are you needing support for the children during work? Do you want to pause working for a few years to be with the kids?
Depending on totals, you're "fine" to FIRE (retire early) if you want to, in which case a long-term 60/40 portfolio would likely serve you well. Perhaps some international in the 60.
I agree the 529 should be your "last resort" and really should only be funded from current income (working). College can be funded in many, many ways but retirement in really only one.
The cash should be earning around 4%, so if it is not, move it to a HYSA or a money market fund or similar. Fidelity CMA has SPAXX, as do others.
Age of children matters a bit here.
Your own 401(k) indicates you have a job - are you needing support for the children during work? Do you want to pause working for a few years to be with the kids?
Depending on totals, you're "fine" to FIRE (retire early) if you want to, in which case a long-term 60/40 portfolio would likely serve you well. Perhaps some international in the 60.
Statistics: Posted by bombcar — Fri Apr 18, 2025 7:08 am — Replies 3 — Views 251