Is it possible to invest too conservatively? Yes it is. But it’s very case-specific. One Pilgrim’s conservative portfolio is another Pilgrim’s aggressive portfolio. Depending on your age, expenses, assets and income, your investments could be very conservative and just fine. But if you make the mistake of being too conservative (in your particular situation) you […]
Who You Can And Can Not Buy Life Insurance For
I get a lot of questions and calls from people interested in buying insurance on the lives of other people. Some are shocked when I tell them they can’t buy the coverage they want because they have no insurable interest. What Is Insurable Interest And Why Does It Matter? If you would suffer an economic […]
Teaching Children About Money By Sharing Your Financial Information
Do you share your financial information with your children? If so, how much information should you share? I personally think it’s very smart to include children in the financial reality of your family’s situation as soon as it makes sense. Here’s why: It dispels the notion that money grows on trees. It demonstrates that you […]
Tax-Free IRA Rollover Done Correctly – Here’s How
Jane recently left her job and wondered if she should roll her 401k over to an IRA or not. She was frustrated by her former employer’s limited investment choices and limitations. She was right on both counts. What really seemed silly were the trading rules at the 401k plan; if she traded out of a […]
What is the Average Retirement Age….and a Surprise
You might wonder what the average retirement age is from time to time. While I’m going to answer you, I’m also going to suggest you ask a different question that is likely far more important to you. What is the average retirement age? To get this information, I visited the Center for Retirement Research at […]
Why Buy Life Insurance?
You may not need life insurance. Plenty of people don’t. But when I meet people who should have life insurance and don’t I go nuts. I also go nuts when people get sold the wrong kind of life insurance. I’ll get to all this. But first, let’s address the question of who should buy life […]