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Fund life & insurance Connie is a senior manager at a fortune 500 company and makes $100,000 a year. Her company offers to contribute to

Fund life & insurance

Connie is a senior manager at a fortune 500 company and makes $100,000 a year. Her company offers to contribute to her 401k and she maxes out the before tax contribution every year. Currently she has $100,000 in her 401k account and she is 36 years old.

Connie owns a house with $150,000 outstanding mortgage. The monthly payment for this house is $1000 (including tax, insurance, and mortgage).

After paying all the loans/mortgages/utility and other living expense, she will have about $1000 left over each month.

Facing longevity risk, Connie has found you, as her financial planner for retirement.

What is your suggestion for her situation?

(Your answer can be creative and doesnt have to be insurance or financial products.)

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