I've got a life insurance policy that goes to my wife/daughter. If I live long enough to die of old age I plan on my last check bouncing. I've set my daughter up with college (GI Bill/savings accounts/college fund) and as an AFR recruiter I'm hoping to swing her towards the military for some added life-long benefits.
Speaking of going out in debt. When my grandfather passed away years ago he and grandmother had been saving $$ like it was.... well.... $$ I guess. Anyway when he kicked off gram had a lot of loot stored up and when she asked me what she should do with it my response was "Spend it! Go have some fun and live a little." After she died we were getting her financial affairs all in order and received a rather humorous shock. Gram had paid for all of her own funeral arrangements so we'd not have to worry about that. The shock was that she hit the dirt $400,000 in debt! She'd spent every last dime they saved over years and years and then took out a reverse mortgage on the lake house and spent that too. Sure hurt to lose that house on Lake Placid since we'd been there since the spring of 72 but man did she have a blast in her last few years.
God bless and happy hunting.
Richard.
Speaking of going out in debt. When my grandfather passed away years ago he and grandmother had been saving $$ like it was.... well.... $$ I guess. Anyway when he kicked off gram had a lot of loot stored up and when she asked me what she should do with it my response was "Spend it! Go have some fun and live a little." After she died we were getting her financial affairs all in order and received a rather humorous shock. Gram had paid for all of her own funeral arrangements so we'd not have to worry about that. The shock was that she hit the dirt $400,000 in debt! She'd spent every last dime they saved over years and years and then took out a reverse mortgage on the lake house and spent that too. Sure hurt to lose that house on Lake Placid since we'd been there since the spring of 72 but man did she have a blast in her last few years.
God bless and happy hunting.
Richard.
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