• Steve 


    San Francisco, CA

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  • Hi,

    One quick comment on Life Insurance - there is a secondary market for life insurance where investors buy your policy and it typically results in more value for the life insurance policy holder than the historical option of getting the cash value out of it. (One of the reasons the cost of life insurance has been relatively low historically is that 90% of policy holders never claim it - they either surrender it since they get tired of paying the premiums of they extract the value from it and then stop making premium payments).

    You can find a deeper discussion of life settlements here:

    The NewRetirement calculator may help you generate some ideas about how you can increase your retirement income:

    You may also want to talk with a fee only financial advisor to see what kind of options you may have:

    Hope this is helpful.

  • Login to rate this answer:   Answered on 6/27/2012
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.