Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Hi, I'm Gladx4
Old 01-25-2014, 12:29 PM   #1
Dryer sheet wannabe
 
Join Date: Jan 2014
Location: Yuba City
Posts: 10
Hi, I'm Gladx4

Hey guys. I am a 24 year old looking to get some good information and wisdom from here. I have 2 kids and a wife that is about to start a 401k, she is 25.

I mainly want to be able to retire with no house payment and a good amount of money to be able to travel. But more importantly I want something that my kids would get in case I died, but I will probably look at a cheap life insurance plan for them since I am young still.

Anyway I will have more questions but I will make a separate thread for those. Looking forward to talking with all of you!
__________________

__________________
gladx4 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-25-2014, 01:24 PM   #2
Thinks s/he gets paid by the post
growing_older's Avatar
 
Join Date: Jun 2007
Posts: 2,608
Welcome to the forum. It's a friendly place.

A young couple, with kids no less, needs life insurance and a will. Pronto. If anything were to happen to one (or both) of you, you need to insure that the other is taken care of and that the kids are provided for. Term life insurance is your best option.

And get a will. As soon as you possibly can.
__________________

__________________
growing_older is offline   Reply With Quote
Old 01-25-2014, 02:46 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
 
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 9,039
Welcome to the forum....
__________________
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Old 01-25-2014, 05:11 PM   #4
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,528
Quote:
Originally Posted by growing_older View Post
A young couple, with kids no less, needs life insurance and a will. Pronto. If anything were to happen to one (or both) of you, you need to insure that the other is taken care of and that the kids are provided for. Term life insurance is your best option.
+1

It's not fun to think about or plan for but both of you need to consider the "Where will I be?" financially if one died prematurely, or worse (from a financial standpoint) if one became disabled through accident or illness. That's where, life insurance, disability insurance, and yes, even at your age, perhaps even long term care insurance come in. What do you think happens with someone terribly brain-damaged in an accident at a too-young age? At least ask about it.

Bear in mind they are separate products covering different scenarios. Don't let some slick salesguy try to tell you different.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 01-25-2014, 09:28 PM   #5
Dryer sheet wannabe
 
Join Date: Jan 2014
Location: Yuba City
Posts: 10
Thanks guys, it is definitely something I am going to do. We are going to be in our new house next week. 30 years, 4.75%, so once were situated I am definitely going to get it.
__________________
gladx4 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 09:28 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.