I currently have 550K term. All the results of my profiles say "get rid of it" and base resulting consumption figures on me doing so. I want to convince "the wife" about the difference.
So... would it be correct if I added an annual special expense in the amount of the annual premium (1600) for the next 25 years (I'm turning 60 and have picked 85 yrs as "the end" for me) AND added in a special receipt in the 25th year of 500K?
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EBF wrote:I currently have 550K term. All the results of my profiles say "get rid of it" and base resulting consumption figures on me doing so. I want to convince "the wife" about the difference.
So... would it be correct if I added an annual special expense in the amount of the annual premium (1600) for the next 25 years (I'm turning 60 and have picked 85 yrs as "the end" for me) AND added in a special receipt in the 25th year of 500K?Yes, that's exactly the way it should be done.
Best,
Dick Munroe