Taylor

Hey, guys. Thanks for taking my call. I appreciate that. So I am almost 73 in a month or so, debt-free, but I'm paying $650 a month for $350,000 worth of term life insurance, and I'm wondering, is that a good investment, or should I...

Hey, guys. Thanks for taking my call. I appreciate that. So I am almost 73 in a month or so, debt-free, but I'm paying $650 a month for $350,000 worth of term life insurance, and I'm wondering, is that a good investment, or should I...

Hey, guys. Thanks for taking my call. I appreciate that. So I am almost 73 in a month or so, debt-free, but I'm paying $650 a month for $350,000 worth of term life insurance, and I'm wondering, is that a good investment, or should I...

cancel and invest that money somewhere else why is it so expensive well once i turned 70 i had a term i had a 30-year term all the way up to 70 and then once i hit 70 each year um last last year i was paying 550 this year it's up to 660 i think it is and it's only for 350 of coverage yeah what's your net worth yeah Well, my house is paid off $800,000. I've got a little over $100,000 in IRA.

cancel and invest that money somewhere else why is it so expensive well once i turned 70 i had a term i had a 30-year term all the way up to 70 and then once i hit 70 each year um last last year i was paying 550 this year it's up to 660 i think it is and it's only for 350 of coverage yeah what's your net worth yeah Well, my house is paid off $800,000. I've got a little over $100,000 in IRA.

cancel and invest that money somewhere else why is it so expensive well once i turned 70 i had a term i had a 30-year term all the way up to 70 and then once i hit 70 each year um last last year i was paying 550 this year it's up to 660 i think it is and it's only for 350 of coverage yeah what's your net worth yeah Well, my house is paid off $800,000. I've got a little over $100,000 in IRA.

My wife's got about $20,000 in another IRA there. I've got about $48,000 passive income coming in from retirement. And then I'm still working, actually.

My wife's got about $20,000 in another IRA there. I've got about $48,000 passive income coming in from retirement. And then I'm still working, actually.

My wife's got about $20,000 in another IRA there. I've got about $48,000 passive income coming in from retirement. And then I'm still working, actually.

Total for about $150,000. $25,000 a year. Yeah.

Total for about $150,000. $25,000 a year. Yeah.

Total for about $150,000. $25,000 a year. Yeah.

That's the question. That's what I'm calling it. I don't know. I don't think she does. Well, you know.

That's the question. That's what I'm calling it. I don't know. I don't think she does. Well, you know.

That's the question. That's what I'm calling it. I don't know. I don't think she does. Well, you know.

Well, of course, yeah, no, she wouldn't. But by the same token, Kim, I wouldn't want her to have to sell the house or think she had to sell the house. Exactly. And all of my kids, they're doing well.

Well, of course, yeah, no, she wouldn't. But by the same token, Kim, I wouldn't want her to have to sell the house or think she had to sell the house. Exactly. And all of my kids, they're doing well.

Well, of course, yeah, no, she wouldn't. But by the same token, Kim, I wouldn't want her to have to sell the house or think she had to sell the house. Exactly. And all of my kids, they're doing well.

It just started this in May, and it'll go a year, and then it'll go up again next year again.

It just started this in May, and it'll go a year, and then it'll go up again next year again.