How And To Annuitize Your Money Without Buying An Annuity

If you run your numbers and think you might not have enough retirement income when you stop working, don’t lose your cool. This doesn’t have to mean you’ll be spending your golden years super-sizing fries, cokes and burgers at the Golden Arches. You still have a few options at your disposal. And one of those [...]

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Should You Buy Life Insurance Through Work?

The answer to this question is almost always yes. If you buy insurance through your employer it will usually be far cheaper than buying it yourself. That said there are a few major pitfalls you need to be aware of when considering employer-provided life insurance. I like informed Pilgrims making good financial decisions, don’t you? [...]

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Another Reason to Delay Social Security Benefits – Maybe

There are many benefits to delaying Social Security benefits but there are also some serious drawbacks. If you push back on the start date your eventual benefit will be larger. And since it is larger, your cost-of-living increases will be calculated from a larger base and hence the annual increases will be larger too. And [...]

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5 Ways to Live Like People Who Are Millionaires

You have a lot more in common with people who are millionaires than you think. It’s true that sometimes the rich have pricier homes, cars and vacations. But when it comes down to the really important things – like health, family, general level of happiness and sense of well-being, being mega-wealthy just doesn’t matter. I [...]

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7 Ways to Lower Your Life Insurance Premiums

There are various ways to lower your life insurance premiums, however in order to take advantage of them, you’ll need to do some advanced preparation. Here are seven strategies: 1. Buy term life insurance Term life insurance is not only less expensive than whole life insurance, but much less expensive at that. You can often [...]

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A Diversified Portfolio is Risky – Here’s Why

Currently the market is disturbingly turbulent. During times like these, some investors think that a diversified portfolio is their key to investment security.  I agree that it might help in certain circumstances.But in other cases diversification can be a very risky approach. That’s right. Often a diversified portfolio will expose you to much more risk than [...]

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