I fear at your age, pilots are pretty much on the flying scrap heap unless your well connected or have transferable skills. I'd suggest you offload everything (house, mortgages, credit cards, pay off debts etc) and put any money left safely out of reach. Live as cheap as you can for the next years, even in a caravan or bedsit and save, save save. When the forced retirement comes, take the money somewhere cheap like Vietnam, India etc and enjoy a good few years of your life being part of the landscape without worrying. Pick up odds jobs like painting folks homes or handy man stuff and you'll survive just fine. Fortunately it sounds like you have nothing to lose anyway, and you'll be amazed at what you can achieve outside aviation when you need to. Your kids will always be your kids and that's the most important thing. The rest is just noise. Best of luck, but seriously look outside of aviation and things will be brighter.