I am married to an older man and wondering about the best retirement plans for both of us?

Each of us has a 401(k) through our employer, but I am currently unemployed and going to school. I want to continue to put money back in my IRA at the back but he says thats no the best option for us right now because he is close to retirement. He says I will get his pension and anything else of his but I dont want to count on just that I want to have my own funds for me when I am ready to retire to go along with what I get from him. Any suggestions on what to do?

some info is here..

http://www.daveramsey.com/etc/cms/saving...

How much life insurance do ya got

My grandfather was teased by his family for "robbing the cradle" when he married--he was 40 and she was 20. He figured that she would bury him, and live well afterwards (relatively speaking) but she died first. What is your husband going to get from you if you die first? Be fair now.

You are going to get his pension, plus yours, plus your improved earnings after your school--what are you wanting? After he is gone you won't be keeping him in bacon and beans and other such expenses are going to be smaller. My mother didn't spend half of what she had coming in each month after dad died, and my grandmother was more frugal still. Don't sweat it.

You sound like you want to save. In that case, save. Of all your potential courses of action, it's the least likely to be a mistake. The worst case scenario is you have plenty of money for retirement. So you have to suffer with extra champagne and caviar.

As for retirement accounts, you can contribute to them only if you have earned income in the year you for which you make the contribution. If you're currently unemployed, but earned some money earlier this year, you could contribute up to $4,000 of it into an IRA and get a tax break. If you have no earned income this year, you'd have to put it into a taxable account. Still, that's not likely to be a mistake. The failure to save is much more likely to be a mistake.

hi there!

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