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Listeners are encouraged to seek out their own advisors in these areas.

Hello everyone and welcome to the Big Picture Retirement Show, where we deliver insight on what you need to know for a successful retirement.

If you are planning for or living in retirement, this is the show for you. I'm Devin and joined back today by John my co-host. Hey John.

Howdy.

So John, it's listener questions again. It is. It's that time. It is. So once a month, we answer these questions that have come in by email, which

listeners, you can send those to questions at big picture retirement.net.

So we get these questions in. We decide which ones might have broad appeal to all of our

listeners. And we take an entire episode just to devote to usually a couple of these.

We'd like to do more, but the way we talk about these, it ends up being enough just doing two. Yeah, that's usually plenty. In fact, with most of these questions, we're having to actually cut down quite a bit of the information that we could be talking about, because otherwise it would become a whole episode. Oh, it would. Yep, it would. And I'm looking at my notes and it's hard for me to read.

So is this Arlene? Yeah, we've got Arlene here. All right. The handwriting is not that clear. Okay. Now, John, what was her question? Yeah, basically what she wants to know is what's going to happen to her debts when she dies, you know? And I think really what she's asking is,

are my kids going to end up responsible?

That's a good question.

For the money. when she dies, you know, and I think really what she's asking is, are my kids going to

end up responsible? That's a good question. For the money that I owe at my death. Yeah. And

the short answer is, no, there's a longer answer, as with everything. Yes. I often, so when I give

speeches out there in the real world, I often say that I give very long

answers to very short questions. In fact, when you took your bar exam and they conferred

upon you your law license, you had to take a solemn oath to never give a short answer,

didn't you? I think that's pretty much more. I think you did. Yeah. I think that's right.

So here's a couple of things. First of all, we got to talk about what kind of debts we're talking about.

If you're talking about what they call secured creditors, so these would be things like a mortgage or a car

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