Originally Posted by
James48843
I'm debating whether to lower the FEGLI. Currently I have 3X on that, and have had 5X until the last premium increase. Once you turn 60 it gets much more expensive.
I also am carrying another 350K in life insurance from WAEPA. That to was 500K until the last premium increase. I figure my wife is going to get a LOT of traveling after I die, unless we all are locked down for the next decade. If I live, great, but I wanted her to have a nice piggy bank if I didn't. I MAY lower my FEGLI to 2X right after I retire- I want to get the final OPM numbers all settled, and then see where I am at, before I fine tune the income/outgo stream around the end of the year.
Then I can start 2021 in a good place, intending to have positive cash flow and cross my fingers they come up with a good vaccine, so that I can do some traveling next year around Europe.
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