No offense to your CPA. There is more to a sound financial plan than your retirement funds. Those are very important, but as you have suddenly become aware there are other things that can happen to us besides making it to retirement. I would say that a basic term life insurance policy would be a good thing to start with. For you and one for your wife. The purpose of life insurance is to replace the financial contribution of the person that is lost or at least as much as possible. Losing a loved one is an awful thing to consider, but losing a loved one and then being financially burdened on top of that is adding insult to injury. I would also recommend asking your insurance agent or whomever you discuss these things with about an umbrella policy that covers you against accidents that happen that people might sue your for. Your homeowners and auto will cover you to a certain level, but an umbrella policy provides additional coverage. It may not be right for you, but it is something to educate yourself on. I would also get a second opinion on your home owners and auto policies. Even if you don't change your provider, a second look to make sure you are properly covered is a good idea. Home values have increased tremendously over the last 5-10 years and if you coverages have not been adjusted to keep pace you could be woefully under insured and up a creek in the event of an emergency.
After that, I would recommend a small emergency fund of a few months worth of expenses so that if the poop hits the air mover, you can get through a rough period without having to go into debt (or more debt). Then I would work on getting rid of as much debt as you can. Especially credit cards and car payments. They are the worst. After that, you will be able to better look towards retirement planning and ultimately estate planning.
I hear the economy is the best its been in decades
