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GRFTFS: Let My Life Insurance Policy Expire?

GRFTFS: Let My Life Insurance Policy Expire?

The Get Ready For The Future Show · GenWealth Financial Advisors

May 31, 202536m 8s

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Show Notes

"I’ve got $700,000 in retirement accounts and a $2 million term life insurance policy that expires at 70. I’m 63 now. Should I look at converting that to permanent coverage or just let it go?" We're answering YOUR questions on this week's Get Ready For The Future Show!

We’re both self-employed, in our late 40s, and about $100,000 in a SEP IRA. Should we consider setting up a Solo 401(k) to save more or focus on building our non-retirement accounts? I’m 52, divorced, and likely won’t remarry. Should I be planning any differently than a couple would? We’re 57 and just became empty nesters. Should we take the extra cash flow and max out retirement, or put it toward paying off our $40,000 HELOC?

And if you've got a question you want answered on the show, call or text 501.381.5228! Or email your question to [email protected]!

Originally aired 5/28/2025