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Time to bump up that 401k
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 5344158" data-attributes="member: 12570"><p>There is no such insurance policy. What he may be referring to is a strategy employed by married retirees where they choose to take the full pension amount and buy a 30 year term policy for at least $500K to ensure that their spouse is taken care of (financially)-----the neighbor will be more than happy to take care of her other needs. <img src="/community/styles/default/xenforo/smilies/smile.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 5344158, member: 12570"] There is no such insurance policy. What he may be referring to is a strategy employed by married retirees where they choose to take the full pension amount and buy a 30 year term policy for at least $500K to ensure that their spouse is taken care of (financially)-----the neighbor will be more than happy to take care of her other needs. :) [/QUOTE]
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Time to bump up that 401k
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