Do I Need Life Insurance in Retirement?
Money Wisdom
English - November 24, 2023 17:00 - 10 minutes - 9.84 MB - ★★★★★ - 19 ratingsInvesting Business News Business News cfp retirement wealth joeljohnson moneywisdom Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: What Do I Do The Last Five Years Before I Retire?
Next Episode: Is It a Bad Idea to Take Out a 401k Loan?
We’re with Matt Pastor, a financial advisor on our team, to talk about life insurance and the need for it in retirement. Once you’ve earned enough to take care of your family and the kids are through college, do you still need to carry that policy? This is a great question and the answer will vary from person to person depending on your needs.
Here’s some of what we discuss in this episode:
Some of the considerations we make with life insurance in retirement. A case where we would tell someone they probably need to keep life insurance. Can life insurance help replace a pension? How can you use life insurance as an income strategy? If you have a policy now, what should you do?
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