One thing about getting the house done first is that if you suddenly drop dead she doesn't have to worry about losing the house.
However, right now, I would not be keeping too much cash in any bank account.
At a 40,000’ level the vast majority of Americans can’t cover a $1,000 emergency let alone they have greater than $250,000 in cash in a single account.
The concern about banks for joeNjane citizen is nearly nonexistent.
Folks are acting like a $54,0000/$730 mortgage is super high scary debt and is absolutely scandalous…like someone else mentioned could literally work at Chick Fil A and make the monthly payment and if death is a concern any decent life insurance policy would be enough to also pay off the house.
Now if they owed $560,000 on a house and several other line items of debt that would be a different discussion.
You’re not going to lose a house with cash in the bank/money market.
