“Good judgement comes from experience…unfortunately experience comes through bad judgement.” These words of wisdom came from my father, a depression era baby who was very pragmatic. He constantly tried to guide me to protect myself in what he called a “dog-eat-dog” jungle out there. Certainly, seniors need to be very aware and cautious of “get… Continue reading Aging & Financial Fragility: How Seniors Can Use Their Experience to Survive & Thrive Through Giving
Tag: life insurance
3 Signs that It’s Time to Break Up with Your Life Insurance Agent
Trust and communication are key to any successful relationship, especially when it comes to managing your money. It’s a good idea to periodically reevaluate your relationship with your life insurance agent to make sure they’re prioritizing your needs over their profits. Many people don’t trust life insurance agents, but the process has traditionally been so… Continue reading 3 Signs that It’s Time to Break Up with Your Life Insurance Agent
Updating Beneficiaries When Life Changes is Crucial
Once you’ve bought an annuity or a life insurance policy and named your beneficiaries, you may never think about your beneficiaries again. But that could be a big mistake. If you get divorced and remarry but fail to change your beneficiary from your ex-spouse to your current spouse, your ex will receive the proceeds. Besides… Continue reading Updating Beneficiaries When Life Changes is Crucial
A Guardian for Your Children: Planning in Case You’re Not There
While everyone needs a will to settle money matters, there’s a far more compelling reason to have one if you have minor children. Naming a trustworthy, caring guardian for your children is one of the most important things you can do. Lack of a will can create big problems if both you and your spouse… Continue reading A Guardian for Your Children: Planning in Case You’re Not There
Are You Leaving Your Beneficiaries a Tax Time Bomb?
When it comes to retirement – and to passing on whatever wealth you’ve accumulated to a spouse or the next generation – you may think you’ve thought of everything. But despite your careful planning, it could be that Uncle Sam will be handing you a hefty tax bill while you’re living – or your beneficiaries… Continue reading Are You Leaving Your Beneficiaries a Tax Time Bomb?
A Life Insurance Policy Could Be Your Retirement Salvation
Americans worry a lot about retirement. Will their savings hold out? Will Social Security still be around? Will healthcare costs gouge a great hole in their finances? What many of them may not be aware of, though, is that if handled correctly their life insurance policies could play a role in making retirement a little… Continue reading A Life Insurance Policy Could Be Your Retirement Salvation
4 Money Issues Couples Should Agree On
Spouses often harbor different opinions on a variety of subjects. From the style of clothes and haircuts they like on each other to the TV shows they watch every evening, marriage requires plenty of compromise. While frivolous things such as choosing between Monday Night Football and Dancing with the Stars might lead to a minor… Continue reading 4 Money Issues Couples Should Agree On
How to Leave A Lasting Legacy
While most of us aren’t world-class Olympic athletes, Oscar-winning movie stars or generals who command great battles, we still have a desire to leave some type of mark on this world. For many people, that desired action is leaving a legacy while financially securing themselves, their families, their causes and charitable organizations long into the… Continue reading How to Leave A Lasting Legacy
Afraid of a Hefty Long-Term Care Bill?
Even as aging Americans revel in the splendor of their well-earned retirements they still harbor plenty of worries, such as outliving their savings. Near the top of the worry list is the fear their health will deteriorate so much they’ll be forced to seek long-term care, a situation that could live them and their families… Continue reading Afraid of a Hefty Long-Term Care Bill?