As the adult child you may someday have to reverse roles with your parents!
Parenting is a very tough job. Kids don’t come with an instruction manual.
If you are married one of you will become widowed and usually it is the woman who is the surviving spouse.
No one plans to be an ex-spouse. Not even Donald Trump. But he does plan as if the marriage won’t last.
Marriage is a partnership; true partners try to share equally in this adventure so set your financial goals together.
It may be the practical thing to do if you have just been diagnosed with stage 4 cancer or are in your late 80s, but if you are just 55 I am not sure it’s a good idea.
No one gets out of this world alive, so it’s important to do some estate planning for the inevitable.
At 55 do you need long term care insurance? I don’t know!
Where are you going to live when you retire?
If you are a charter member of the Over the Hill Gang, or almost a member, you need to start planning for retirement.