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Spitballing Early Retirement by the Ocean with Husband and Boyfriend - 395

Your Money, Your Wealth

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Is There a Good Spenddown Strategy?

Jim and his wife plan to live on what they have saved for the rest of their lives. They are saving money, but don't know how much that will cover in retirement. The couple is taking out a life insurance policy which can help them save more tax-free over time. But does it work? Is there an easy way to put all this savings into one account at once? Will we be able to manage our taxes better than before? What do you think about your financial future?

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