Universal Life or Whole Life Insurance – Which is Best for You?
Most of you are aware that I am a huge fan of Whole Life Insurance and the comparison below will explain why. You may own a Universal Life policy that was written in the ’80s and ’90s and aren’t aware your policy is not performing nearly as well as projected. Let me...
Busting Common Mortgage Myths
Let’s explore the common myths of a 15-year mortgage vs. a 30-year mortgage. A mortgage on our home is one of our greatest expenses, so it is important to know the facts and to question some of the “typical” financial advice we have heard from family, friends, and...
7 Strategies for More Income in Retirement
One of the biggest fears people have is running out of money in retirement. And for many Americans, this is a very real risk, not an irrational phobia. If you are a reasonably healthy 65-year-old non-smoker, actuarial tables estimate you’re likely to live to age 86,...
More Trouble Ahead
I recently came across this great article written by Jeffrey Kleintop, a Chief Global Investment Strategist who specializes in analyzing international market trends and their financial implications. He's frequently cited in a range of national media outlets...
Understanding Policy Loans
You are a proud owner of a high cash value whole life policy, you have accumulated significant cash value, and you have decided you would like to use some of that money, how exactly does this work? Did you know, that when a policyholder has cash value in their whole...
The Balanced Prosperity Model
In the last article we shared with you the problems with typical risk reduction models. Today we are going to talk about a better model, a model that achieves greater balance and stability and better results for YOUR money! If your investment model were a chair,...
The Problem with Typical Models of Risk Reduction
Typical asset allocation models try to focus you only on the limited assets that banks or brokerages sell. The pervasive debate about “how much should you have in stocks vs. bonds?” is designed to get you to forget about other alternatives, such as real estate, life...
Are You Truly Diversified?
“Everything in life… has to have balance.” —Donna Karan Asset Allocation Vs. Diversification Asset allocation refers to investing in different asset classes. Typical financial advice tells us that the common asset classes (where you should put your money) are: 1)...
Building Weather Proof Wealth
It doesn’t take a weather report to convince the average person that life is full of surprises and challenges. So, how do you prepare to weather a financial storm? Here’s how in four steps: Solution #1: Take Control of your Personal Income Research confirms that...
Should You Cash Out Your 401(k)?
“I would blow up the system and restart with something totally different.” – Ted Benna, “father” of the 401(k), quoted in MarketWatch.com As investors educate themselves about the financial advice that is accepted as “common wisdom,” many begin to realize that 401(k)s...