If your life insurance policy goes up after you turn 60, you may wonder if it’s still something worth paying for. Or maybe you’ve just received an inheritance and don’t know what to expect when it comes to taxes. Eric answers three questions from the mailbag this week.

Read more and get additional resources here: http://petersonfg.com/should-i-keep-my-life-insurance-policy-other-mailbag-questions/ 

Today's rundown: 

0:47 - Mailbag: What is the recommended IRA withdrawal rate?

1:28 - The old rule of thumb was four percent.

4:19 - Mailbag: When a life insurance policy keeps increasing in price, should you drop it?

6:57 - Mailbag: How will an inheritance made up of stocks, annuities, and an IRA be taxed?