Welcome to the Stay Walthy podcast. I'm your host, Taylor Schulte, and today I'm kicking off our two-part series on life insurance in retirement.

Specifically, I'll be tailoring these episodes to those who are already retired or close to it. And here are just a handful of the things that I'll be breaking down for you.

First, what are the different types of life insurance and their pros and cons?

How do you determine the need for life insurance? What are the costs? And more importantly,

tax considerations to be aware of. How do you analyze an old policy and get straight answers from the insurance company?

And then finally, I'll be sharing some resources for buying insurance policies without getting ripped off.

So if you're finally ready to understand life insurance in retirement in plain English, this series is for you.

For all the links and resources mentioned, head over to you staywealthy.com

forward slash one four zero. At 22 years old, I was hired as a financial advisor by a large

publicly traded wealth management firm. And on my first day, another advisor in the office

kindly sat down with me to offer up some career guidance.

And one of the questions he asked me was, do you know what the difference is?

Or can you tell me the difference between a stock and a bond?

I had just graduated from one of the top undergraduate business programs in the country.

I even had a brokerage account where I had a few

stocks of my own. And yet I couldn't give them an answer. I was stumped and I was embarrassed.

I couldn't clearly define the difference between a stock and a bond on my first day as a financial

advisor. The reason I'm sharing this is that we often talk about financial topics and make very important

decisions around them, sometimes without ever stopping to challenge ourselves about what the thing

is at its core, at its most basic level.

For example, insurance.

It's possible that we talk about insurance every day in some shape or form.

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