The ultimate goal of retirement savings is to have a source of income once you leave the workforce for good. One of the scariest things about retirement is that leap of faith that you will still have the money to pay the bills once there's no longer a paycheck.
One way to address this is to plan for streams of income in advance, like annuities, which I discussed in Episode 218. But it's good to have options, which is why in this episode of the podcast I spoke with Tom Wall about how life insurance can create another income stream.
In this episode you will learn:
- How life insurance fits into your retirement savings plan
- How life insurance can be a good investment
- How life insurance gives you "permission to spend"
- What your greatest concerns should be when you retire
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