Ross Anderson

I'm trying not to go too deep. But so if you were able to accumulate a million dollars over your lifetime for retirement assets, we think you could take $40,000 to $50,000 out. So if I know that I can cover my expenses with that... Now I've got really good information and you'll have other resources, hopefully like Social Security or things like that on top of it.

But that's what's going to help you plan for can I retire is do I know how much money I need to spend to be comfortable? And then that kind of creates the target for how much you need to get to.

But that's what's going to help you plan for can I retire is do I know how much money I need to spend to be comfortable? And then that kind of creates the target for how much you need to get to.

But that's what's going to help you plan for can I retire is do I know how much money I need to spend to be comfortable? And then that kind of creates the target for how much you need to get to.

Ellen, I just had a couple of questions. Sounds like you are sitting on quite a bit of cash right now. Is that building up every month that you're kind of underspending what you have coming in? So your cash is just kind of sitting in banks at the moment?

Ellen, I just had a couple of questions. Sounds like you are sitting on quite a bit of cash right now. Is that building up every month that you're kind of underspending what you have coming in? So your cash is just kind of sitting in banks at the moment?

Ellen, I just had a couple of questions. Sounds like you are sitting on quite a bit of cash right now. Is that building up every month that you're kind of underspending what you have coming in? So your cash is just kind of sitting in banks at the moment?

Yeah, so you had mentioned earlier that you're more focused on kind of lifestyle and not as much legacy. So it did tick my ear a little bit when you just said that you had life insurance. Some folks will sell that as a savings vehicle. And ultimately, yes, you can build an asset in the cash value part of a life insurance. So there's kind of two big categories.

Yeah, so you had mentioned earlier that you're more focused on kind of lifestyle and not as much legacy. So it did tick my ear a little bit when you just said that you had life insurance. Some folks will sell that as a savings vehicle. And ultimately, yes, you can build an asset in the cash value part of a life insurance. So there's kind of two big categories.

Yeah, so you had mentioned earlier that you're more focused on kind of lifestyle and not as much legacy. So it did tick my ear a little bit when you just said that you had life insurance. Some folks will sell that as a savings vehicle. And ultimately, yes, you can build an asset in the cash value part of a life insurance. So there's kind of two big categories.

Term insurance is normally just kind of think about it like rent. You just pay for it while you have it and then permanent. could either be a whole life, a universal life, or a variable universal life where you're going to have some cash value component. But what you're really doing when you take the money back out of it is that you're borrowing from your own insurance policy.

Term insurance is normally just kind of think about it like rent. You just pay for it while you have it and then permanent. could either be a whole life, a universal life, or a variable universal life where you're going to have some cash value component. But what you're really doing when you take the money back out of it is that you're borrowing from your own insurance policy.

Term insurance is normally just kind of think about it like rent. You just pay for it while you have it and then permanent. could either be a whole life, a universal life, or a variable universal life where you're going to have some cash value component. But what you're really doing when you take the money back out of it is that you're borrowing from your own insurance policy.

But if you kind of borrow too heavily, the policy can actually collapse. And so what I would do with that, I would have them run you an illustration. It's called an in-force illustration and say, how much could I actually take out of this and see how that really serves you? Because in most cases for somebody that doesn't have legacy goals,

But if you kind of borrow too heavily, the policy can actually collapse. And so what I would do with that, I would have them run you an illustration. It's called an in-force illustration and say, how much could I actually take out of this and see how that really serves you? Because in most cases for somebody that doesn't have legacy goals,

But if you kind of borrow too heavily, the policy can actually collapse. And so what I would do with that, I would have them run you an illustration. It's called an in-force illustration and say, how much could I actually take out of this and see how that really serves you? Because in most cases for somebody that doesn't have legacy goals,

I really wouldn't reach for a permanent life insurance contract. Some people truly believe in it as an investment vehicle. I'm not really in that camp. So I would at least double click on that and make sure that that product is serving you well, or that it'll do what you expect it to. But I do love that you've got a brokerage account.

I really wouldn't reach for a permanent life insurance contract. Some people truly believe in it as an investment vehicle. I'm not really in that camp. So I would at least double click on that and make sure that that product is serving you well, or that it'll do what you expect it to. But I do love that you've got a brokerage account.

I really wouldn't reach for a permanent life insurance contract. Some people truly believe in it as an investment vehicle. I'm not really in that camp. So I would at least double click on that and make sure that that product is serving you well, or that it'll do what you expect it to. But I do love that you've got a brokerage account.

It sounds to me like you could probably be a little bit more aggressive in how you're funding that and get through some of that cash that you're accumulating. and maybe just turn that into a regular monthly contribution. So you don't have to put all the work, the money to work right now.