Sean Pyles

Well, I'm glad to hear that you are saving through 529s because those are among the most flexible ways to save for college education. You can use the money from that for a trade school if your kids want to go that route, or if they don't use all of the money in it, you can eventually roll it over to an IRA account so that you can jumpstart your kids' retirement savings, which is fantastic.

Well, I'm glad to hear that you are saving through 529s because those are among the most flexible ways to save for college education. You can use the money from that for a trade school if your kids want to go that route, or if they don't use all of the money in it, you can eventually roll it over to an IRA account so that you can jumpstart your kids' retirement savings, which is fantastic.

Well, I'm glad to hear that you are saving through 529s because those are among the most flexible ways to save for college education. You can use the money from that for a trade school if your kids want to go that route, or if they don't use all of the money in it, you can eventually roll it over to an IRA account so that you can jumpstart your kids' retirement savings, which is fantastic.

But getting clear on how much you need to save might be a good idea. And if you want to talk with that financial planner again, they have tools that can model out how much you would need to save. They would factor things in

But getting clear on how much you need to save might be a good idea. And if you want to talk with that financial planner again, they have tools that can model out how much you would need to save. They would factor things in

But getting clear on how much you need to save might be a good idea. And if you want to talk with that financial planner again, they have tools that can model out how much you would need to save. They would factor things in

like the growth rate that you would expect based on the investment in your portfolio, as well as the average rate of tuition increases, because you need to factor in inflation, too, to get a real understanding of what your growth might be and how much you might need to invest. So I know, Adam, you also had some questions around life insurance.

like the growth rate that you would expect based on the investment in your portfolio, as well as the average rate of tuition increases, because you need to factor in inflation, too, to get a real understanding of what your growth might be and how much you might need to invest. So I know, Adam, you also had some questions around life insurance.

like the growth rate that you would expect based on the investment in your portfolio, as well as the average rate of tuition increases, because you need to factor in inflation, too, to get a real understanding of what your growth might be and how much you might need to invest. So I know, Adam, you also had some questions around life insurance.

So talk with us about that, because since you are a dad, that's pretty important to have. So what are your thoughts? What kind of coverage do you have? And where do you think you might need some help?

So talk with us about that, because since you are a dad, that's pretty important to have. So what are your thoughts? What kind of coverage do you have? And where do you think you might need some help?

So talk with us about that, because since you are a dad, that's pretty important to have. So what are your thoughts? What kind of coverage do you have? And where do you think you might need some help?

And just to be clear, you're talking about term policies. Term policy, correct. Okay. And for folks listening who may not totally understand life insurance, there's... Term life insurance and then permanent, sometimes called whole life insurance. Term expires at a certain time, as you might expect. So Adam, it sounds like yours go to 55 and then 65, correct?

And just to be clear, you're talking about term policies. Term policy, correct. Okay. And for folks listening who may not totally understand life insurance, there's... Term life insurance and then permanent, sometimes called whole life insurance. Term expires at a certain time, as you might expect. So Adam, it sounds like yours go to 55 and then 65, correct?

And just to be clear, you're talking about term policies. Term policy, correct. Okay. And for folks listening who may not totally understand life insurance, there's... Term life insurance and then permanent, sometimes called whole life insurance. Term expires at a certain time, as you might expect. So Adam, it sounds like yours go to 55 and then 65, correct?

Whereas a whole policy would extend throughout your whole life. And whole is often much more expensive. while term can get more expensive as you get older. And when you're thinking about how much you need from a life insurance policy, whether term or whole, at minimum, you would want enough to cover any outstanding debts or funeral expenses.

Whereas a whole policy would extend throughout your whole life. And whole is often much more expensive. while term can get more expensive as you get older. And when you're thinking about how much you need from a life insurance policy, whether term or whole, at minimum, you would want enough to cover any outstanding debts or funeral expenses.

Whereas a whole policy would extend throughout your whole life. And whole is often much more expensive. while term can get more expensive as you get older. And when you're thinking about how much you need from a life insurance policy, whether term or whole, at minimum, you would want enough to cover any outstanding debts or funeral expenses.

You also want to think about how much income your family would need to maintain their quality of life without your income. So think about the general liquidity needs for your family, expenses they might face, the mortgage you have to pay off, college funding needs that they might have, And a common rule of thumb is to have around 10 times your annual income in coverage.

You also want to think about how much income your family would need to maintain their quality of life without your income. So think about the general liquidity needs for your family, expenses they might face, the mortgage you have to pay off, college funding needs that they might have, And a common rule of thumb is to have around 10 times your annual income in coverage.