Okay, you've all convinced me. The term life will not be renewed.
I got the term life years ago because it was transportable, cheap (then), and had kids at home with college years off in the future. I always assumed I would drop it when the financial reason for its being had passed. But that date had slipped by, and I kept renewing it every 6 mos., thinking maybe I should do something about it. But never doing anything about it other than sending in another payment. Decision avoidance.
I think my "reasons" for continuing to pay it were psychological... I had it, and would be giving it up... probably would not or could not get it again if I wanted to, but yet no real reason that I can think of to want to. Maybe its a psychlogical variant of that "pain of loss" idea, where the pain of financial loss is ~3 times the joy of an equivalent gain. Which is pretty weird, because for the big payout, I would have to be dead!
So that will take care of the term life, which puts an equivalent of $12,500 ($500 x 25 for 4% w/d) in the fund.
I have till the end of the year to decide about the prof. org., I will probably stop it, too. I don't go to meetings, contact others, etc. etc., I just sometimes read parts of the magazine. I know this may sound silly to some, but it really is like closing a door on a life, on a profession. But yet, I won't be going back to it. Feelings...whoa whoa ohh feelings...
Hey, I haven't thought of that song in decades! I am so happy to report that I am in so so much better shape than the terribly empty state I was in when that song came out in the early 70's! What a difference to a life one person can make, if it's the right person.
-- Telly, the D-I-Y guy --
Two fools dancing on the hands of time