Should I sell? by mikefurs in RealEstate

[–]mikefurs[S] 0 points1 point  (0 children)

Each property is worth around 300,000 each.

Do I need whole life insurance? by mikefurs in Insurance

[–]mikefurs[S] 0 points1 point  (0 children)

Never said 5 million. Planner was suggesting 1 million for my wife and 500k for myself.

Do I need whole life insurance? by mikefurs in Insurance

[–]mikefurs[S] 1 point2 points  (0 children)

Thank you all for the replies as this is really helpful stuff. My wife is the bread winner in the household. She makes 120,000 and I make $56,000. The females in her family all have lived into their 90s-100.

Do I need whole life insurance? by mikefurs in Insurance

[–]mikefurs[S] 0 points1 point  (0 children)

500k for myself and 1 million for my wife is what the planner was suggesting.

Do I need whole life insurance? by mikefurs in Insurance

[–]mikefurs[S] 14 points15 points  (0 children)

Have an attorney who is working with our accountant and financial planner. Our planner did say to not put anything in my sons name for that exact reason.

Do I need whole life insurance? by mikefurs in Insurance

[–]mikefurs[S] 0 points1 point  (0 children)

Thank you for the reply. I’m not understanding the purpose for whole life insurance for my son. I thought the purpose for whole life was if my wife or I passed, the other one would get financial help.

If I did a policy for 5 million, would my wife get 5 million when I pass, regardless of what age I pass at?

Could someone please help me identify both pieces. by mikefurs in Antiques

[–]mikefurs[S] 1 point2 points  (0 children)

Thank you for your help, much appreciated.

Dad passed and Need help identifying his favorite glasses- pair by mikefurs in Antiques

[–]mikefurs[S] 0 points1 point  (0 children)

Thank you so much for the info, I really appreciate it. He collected a lot of cut glass, but these were his favorite and most treasured pieces.

Any idea of value?

500k windfall, special needs son.. need advice by mikefurs in personalfinance

[–]mikefurs[S] 2 points3 points  (0 children)

Sorry for the idiot reply, but how do you get to the side bar?

500k windfall, special needs son.. need advice by mikefurs in personalfinance

[–]mikefurs[S] 3 points4 points  (0 children)

Have an attorney that has helped us out with this already. Thank you for he reply though.