Here’s some of what we discuss in this episode:
💡Adjusting or replacing life insurance without triggering taxes
🏠 When emotional returns can outweigh financial ones
📈 Smart ways to handle extra income late in your career
🧩 Why every financial move should fit into your broader plan
Equipping Points:
When it comes to retirement, every financial decision counts- but some are more complicated than others. In this episode, Eric tackles listener questions about three real-life retirement scenarios. First, he explains what happens when you want to adjust or cancel a life insurance policy with cash value, and why doing it the wrong way could trigger an unexpected tax bill. Then, he helps a listener weigh whether moving closer to a friend (even at a short-term loss) might still make sense for their retirement happiness. Finally, Eric offers practical insights for handling a late-career pay raise, including how to reduce the tax impact.
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
Today’s Takeaway:
Related Episodes:
What Game Night Can Teach Us About Financial Planning
Bracket Busters and Stock Flops: The Risky Game of Picking Winners
The Financial Junk Drawer: What’s Hiding in Your Retirement Plan?
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