Nicole Lappin

And then once you have your burn rate, you're going to have to do something that feels uncomfortable, which is multiply that by how many years you think you'll be in retirement, aka how long you think you're going to live. You'll also want to consider the potential for inflation and increased health care or long-term care to actively prepare for what you might need down the road.

You know, it feels really ick and uncomfortable, but this is an exercise that just avoids the situation where you run out of money in retirement. Is that something that sounds feasible?

You know, it feels really ick and uncomfortable, but this is an exercise that just avoids the situation where you run out of money in retirement. Is that something that sounds feasible?

You know, it feels really ick and uncomfortable, but this is an exercise that just avoids the situation where you run out of money in retirement. Is that something that sounds feasible?

I mean, it makes sense. They're uncomfortable conversations. I'm surprised that he feels queasy about them considering where he's coming from around debt. I think that having a revocable living trust in order helps prevent you from going through probate, which is probably what you're saying to him. It's not like, hey, babe, let's talk about dying.

I mean, it makes sense. They're uncomfortable conversations. I'm surprised that he feels queasy about them considering where he's coming from around debt. I think that having a revocable living trust in order helps prevent you from going through probate, which is probably what you're saying to him. It's not like, hey, babe, let's talk about dying.

I mean, it makes sense. They're uncomfortable conversations. I'm surprised that he feels queasy about them considering where he's coming from around debt. I think that having a revocable living trust in order helps prevent you from going through probate, which is probably what you're saying to him. It's not like, hey, babe, let's talk about dying.

But it's like, hey, babe, let's talk about how not to get stuck in probate, right?

But it's like, hey, babe, let's talk about how not to get stuck in probate, right?

But it's like, hey, babe, let's talk about how not to get stuck in probate, right?

So once you get to your number, you can then reverse engineer how much you need to get there. But first we need to get to that number. What is that magic number? The V1 magic number. And once you do those calculations, I think things will be a lot more clear where you should put your money, whether it is in the third house or maybe it's in another investment vehicle that's not housing related.

So once you get to your number, you can then reverse engineer how much you need to get there. But first we need to get to that number. What is that magic number? The V1 magic number. And once you do those calculations, I think things will be a lot more clear where you should put your money, whether it is in the third house or maybe it's in another investment vehicle that's not housing related.

So once you get to your number, you can then reverse engineer how much you need to get there. But first we need to get to that number. What is that magic number? The V1 magic number. And once you do those calculations, I think things will be a lot more clear where you should put your money, whether it is in the third house or maybe it's in another investment vehicle that's not housing related.

How does that sound?

How does that sound?

How does that sound?

Well, we don't know what changes might be on the horizon for capital gains, long-term capital gains, or if you hold it for longer than a year. And those could be more favorably taxed. But if we're talking about retirement savings, we're talking about tax-free income.

Well, we don't know what changes might be on the horizon for capital gains, long-term capital gains, or if you hold it for longer than a year. And those could be more favorably taxed. But if we're talking about retirement savings, we're talking about tax-free income.

Well, we don't know what changes might be on the horizon for capital gains, long-term capital gains, or if you hold it for longer than a year. And those could be more favorably taxed. But if we're talking about retirement savings, we're talking about tax-free income.

If you're investing in a Roth IRA, for example, or Roth 401k, because you would pay the taxes now so you don't have to pay taxes later. Do you have a Roth IRA?