The Woman, Who I Debt-free With a Net Worth Exceeding $2 Million, Recently Met With a New Financial Advi or Who Told Her He Could Retire

The woman, who is debt-free with a net worth exceeding $2 million, recently met with a new financial advisor who told her she could retire immediately and still leave her daughter roughly $1 million. The advisor also flagged a $500,000 term life insurance policy the widow renewed last year, questioning why an ethical agent would sell it given her existing paid-up whole life coverage. The widow suspects her daughter and son-in-law are positioning her to pass on over $2 million, and she fears being taken advantage of.

The advice column suggests she first ask her son-in-law directly about the policy's rationale, noting possible legitimate reasons like estate liquidity or tax planning. If his answer doesn't hold up, she should cancel it. The column also advises her to calculate her recurring income from pension, Social Security, and rental properties against her actual spending, then focus on enjoying her retirement years rather than hoarding wealth. "live it up a little,"