Ask Paula: How to Optimize Your Investments Along the Efficient Frontier (If You Dare!)
Afford Anything
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How Much Do You Need to Retire?
Paula and joe, thank you for taking my question. I've been listening to your podcast for almost two years now, and i've learned so much. We have three children, all an elementary school, and hope to leave them some inheritance. Right now, our total net worth is approximately one point three million dollars. If we switch the term life insurance, we keep our children's policies. Are there any major tax implications if we do cash out the cash value? Any advice would be appreciate.
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