GRFTFS: Let My Life Insurance Policy Expire?
Manage episode 485996739 series 3033836
"I’ve got $700,000 in retirement accounts and a $2 million term life insurance policy that expires at 70. I’m 63 now. Should I look at converting that to permanent coverage or just let it go?" We're answering YOUR questions on this week's Get Ready For The Future Show!
We’re both self-employed, in our late 40s, and about $100,000 in a SEP IRA. Should we consider setting up a Solo 401(k) to save more or focus on building our non-retirement accounts? I’m 52, divorced, and likely won’t remarry. Should I be planning any differently than a couple would? We’re 57 and just became empty nesters. Should we take the extra cash flow and max out retirement, or put it toward paying off our $40,000 HELOC?
And if you've got a question you want answered on the show, call or text 501.381.5228! Or email your question to [email protected]!
Originally aired 5/28/2025
300 episodes