General Discussion

notadmblnd

(23,720 posts)

14. It has changed so much.

Sat May 5, 2012, 07:53 PM

May 2012

Yes we had life insurance. I paid off all his bills, I paid off all mine. I was advised not to pay off the house (financial advisor). Then lost my job. Received SSI til our son was 16. Lost all but 34k of investments. Then could not pay off house. Could not find a job. Got behind on payments, bank would not work with me. Took last 34k and put down on a smaller/cheaper home and put in sister's name so bank couldn't take it. Walked away from our home (still sitting empty). IRS after me for 12k from the 34k I used for smaller home. Got job cleaning houses for 12 bucks an hour. We now live on about 16k a yr compared to the 115k we earned when husband was alive and both were working. SSI for son is gone (he graduated hs). We are getting by, but things are very tight. Nothing extra, nothing new. Still have dog.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

40 replies

= new reply since forum marked as read

Highlight:

If you lost your SO, would you be able to pay off all expenses and still be able to live as you are [View all] demtenjeep May 2012 OP

my health insurance would be way different demtenjeep May 2012 #1

I've always told him that if he is going to die, please do so MissB May 2012 #2

Depending on your ages, ten-year TERM life insurance can be relatively cheap. ProgressiveEconomist May 2012 #3

if something happened to me, I really don't think he would keep the house demtenjeep May 2012 #5

IIRC you don't have to use "mortgage cancellation" insurance proceeds to pay off the mortgage-- ProgressiveEconomist May 2012 #10

One more thing: Life insurance in many states is much cheaper at savings banks ProgressiveEconomist May 2012 #19

Yes Fla_Democrat May 2012 #4

Sadly, I envy both of you yankeepants May 2012 #6

This is what needs to be addressed in congress. To work all your life then lose it all demtenjeep May 2012 #7

Pressure on n/t yankeepants May 2012 #12

That is how single people live. dkf May 2012 #13

exactly. and with a kid or kids it isn't easy either dana_b May 2012 #29

Was just talking about that at lunch today abelenkpe May 2012 #15

No abelenkpe May 2012 #8

We rent a house and own our cars outright (they are older) - TBF May 2012 #35

We would be OK either way. 11 Bravo May 2012 #9

no Egalitarian Thug May 2012 #11

It has changed so much. notadmblnd May 2012 #14

I am sorry demtenjeep May 2012 #16

I have another year and a half and I get my pension, Hopefully things will ease up then. notadmblnd May 2012 #21

Yup... TedBronson May 2012 #17

Yes...but my existence would change radically because.... Tikki May 2012 #18

The house would get paid off... cynatnite May 2012 #20

no...i`d be living with one of my kids or in a single room old folks home madrchsod May 2012 #22

I would be better off finacially... Kalidurga May 2012 #23

I agree with that. Too many memories demtenjeep May 2012 #24

I'd be a crazy person living on someone's sofa. hunter May 2012 #25

i would drastically downsize in a minute. i dont need or want all this space. and i would be able seabeyond May 2012 #26

How would your life change if you lost your SO? Adsos Letter May 2012 #27

I found when I lost my SO two years ago. The Term Life helped bridge things, which SharonAnn May 2012 #34

I don't know. I just hope I go first. femmocrat May 2012 #28

I would miss my lover, money would never be an issue cpamomfromtexas May 2012 #30

I don't have a SO, but if I died there's plenty to take care of my estate. tammywammy May 2012 #31

No - I'd lose pretty much everything within 6 months n/t FreeState May 2012 #32

Haven't got one; I'm on my own. The Velveteen Ocelot May 2012 #33

We have no life insurance, but I think I'd be okay. Blue_In_AK May 2012 #36

We live in Mississippi so cannot be legally married....Our home would go to distant cousins of his... Rowdyboy May 2012 #37

My Wife is the kindest, gentlest, most generous person I've ever met in my life. cherokeeprogressive May 2012 #38

I almost could, I think I'd stay in the house Roselma May 2012 #39

Spam deleted by pinto (MIR Team) patcassidy May 2012 #40