When seeking the best homeowners insurance coverage for your house and for your possessions, you might think that the insurance company’s walk-through cost estimator of your insurance needs will make the decision for you. But there are details that you need to think about and factor into your home insurance decisions as well.Continue Reading
When you’re looking for homeowners insurance policies, or just reviewing your existing policy for any adjustments you may need, it’s important to remember that not all homeowners insurance policies are the same.Continue Reading
Life insurance is an important part of your financial planning toolkit. If you were to die, your loved ones would benefit from your smart planning steps taken now with a windfall to help ease the burden of life expenses such as being able to make mortgage payments, pay for utilities and have a more comfortable cushion of money to live on without your income.Continue Reading
How much can you expect to receive in your social security benefits checks in the future? Here’s a basic look at how the SSA configures what your social security payments will be when you elect to start receiving benefits.Continue Reading
The question of should you convert your IRA into a Roth IRA and when is, of course, dependent upon your personal situation and financial position. Your financial advisor can help you look at where you are in your life right now – your age and financial outlook – to help determine if making the switch from IRA/401K to a Roth IRA makes sense for you.Continue Reading
When you hear the term ‘portfolio diversification’ with regard to your investments, you might believe you’ve got a clear concept of it: don’t put all your eggs in one basket. Sounds simple enough. But there are many categories and degrees of risk that each of your ‘eggs’ can encompass, making this simple concept much more complex. So, while you correctly understand that portfolio diversification is not having all of your funds allocated to a single type of investment, there’s far more detail to delve into.Continue Reading
In some circumstances, primarily for seniors, a life insurance policy may no longer be needed or desired. Before you cash out of your policy, you should investigate life settlements, selling your policy to a third party for more than the policy’s cash surrender value.Continue Reading
Although the term fiduciary has been around for a very long time, most have not heard of it until recently. Our former president and the Department of Labor decided that it was in the best interest of the nation to hold financial professionals who provide advice to the public as it relates to their retirement accounts to what is called the “fiduciary standard”. Despite the enhanced visibility of the term ‘fiduciary,’ many people still aren’t entirely clear about its definition, let alone how the term impacts their own financial situation or choosing a financial advisor.Continue Reading
Going through a divorce is never fun. Not for you, and definitely not for your children (if you have them.) The results of a heated, adversarial divorce can be catastrophic – both financially and emotionally for you. And a truly vitriolic divorce can put your children into therapy for many years to come.Continue Reading
Contrary to many financial advice, there are times when you may want to continue life insurance coverage as you approach and enter retirement. There can be many reasons to keep life insurance coverage so don’t be too quick to pull the trigger on getting rid of your life insurance as you approach retirement.Continue Reading
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