Friday, July 11, 2014

Rcently widow with children.Financial Advise help needed?

My beloved Husband of 11 years passed away 4 months ago. Hard worker great provider etc. We have 5 children yet at home youngest just turned 3. I have been self employed for 7 years making 800-1200 a week. I miss him more than any money everyday every moment. We moved in our home in 2009 which was 95,000 put 20% down my payment are now 450$ 30 year term, we owe 67300 as we always paid a lil extra to the principle bringing me to 22 years left. He did not leave me empty handed, However I am listed beneficiary for 150,000, and have been approved for under 500 from S.S for 3 children (he was step dad to the other 2) S.S said they were not entitled to benefits etc. The 3 youngest are no longer covered by health insurance,thus no coverage at this time. I do believe I will be eligible for snap and I am not sure about Medicaid. I would like to know do you think I should pay off mortgage, or just half.refinance and pay half and continue to throw in extra to principle? I knw I am am entitled to his pension I do not know how much, I knw he has an retirement investment I have not looked into but I do not plan and removing that at.Very confused I knw I have options but what do I do,very sleepless nights:/

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