Devin and John answer listener questions you've sent in.

Arlene wants to know what happens to her debts after she dies. John guesses she is probably asking whether her children will be responsible for those debts. It's a good question! The short answer is no, but, of course, there is a longer answer.

Then Jay wants to talk about a purchase he wants to make. It might be a little extravagant, and his financial advisor is against the purchase. Both Devin and John have seen both sides of this, folks who have spent too much of their retirement, and folks who haven't spent nearly enough. Devin threw out a possible rule-of-thumb: if the purchase exceeds 5% of your net worth, and your advisors are expressing concern, maybe you need to think a little more.

For more information, or to contact Devin or John, go to http://www.bigpictureretirement.net/041