Life insurance is an important part of your financial foundation. Because of that it’s crucial that you work with a good insurance company, policy and agent. Let’s get to it. Bad Life Insurance Companies Life insurance companies are in business to make a profit. There is nothing wrong with that. In fact, most life insurance […]
How Long Should You Retain Tax Records?
You might be surprised to hear this, but the truth is you should retain tax records much longer than the IRS suggests. As you’ll see in a minute, your tax returns serve many purposes. And those documents can come in handy long after the tax man has gone his merry way. What The IRS Says […]
The 401k vs Roth 401k Decision
Anyone who says that a Roth 401k or a Regular 401k is absolutely a better deal for you is either misguided, not telling you the truth or a blockhead. There are too many unknowns that are unknowable. You can’t really know which is a better deal with foresight. Worse, the most important variable in this […]
How Estate Planning Basics Made Me Homeless and How to Make Sure It Never Happens to You
My folks didn’t understand estate planning basics and it cost me and my siblings huge. You might already know from reading my story that by the time I was a senior in high school, both my parents passed away. My brother and sisters and I were scattered to the wind and our family was destroyed. […]
Why You May Not Need A Financial Advisor
This may seem really weird coming from me, but the truth is you might not need a financial advisor. Not everyone does. And some people would be far better off with no advisor rather than with the advisor they currently have. Let me share a couple of real stories to illustrate the point. When You […]
Jedi Mind Tricks That Rob Your Retirement
When it comes to retirement planning, 1 in 2 people accurately know where they stand.*The other half are almost evenly divided between those who are over-confident and those who are under-confident about what lays ahead. If you are a member of either group it’s time to re-think your position – muy pronto. Here’s why. If […]