Trying to find the right investment professional for you? Here are some questions to ask in your initial consult.
Worried about outliving your income? Here’s how to start planning for your retirement needs.
It’s never too early to start planning for your financial future.
Business owners have a tremendous opportunity to generate significant rewards from a business in which they have invested heavily. However, as with any opportunity with the potential for great rewards, there are great risks, many of which have the potential to create a serious financial hardship on a business.
College and retirement require serious savings. Is it possible to save for both?
Knowing both your financial and emotional risk tolerance could be vital to your portfolio performance.
When you buy a life insurance policy, you are essentially transferring your financial risk to a life insurer which then becomes obligated to pay your beneficiaries based on the contracted amount of death benefit purchased. The life insurer is able to assume the risk because, based on its data, it knows when you are expected to die.
For most people the difficult decision is not “if” they need life insurance, but “how much” life coverage they need. It’s a much bigger decision, and one that can lead to consternation over the purchase decision if it is not made with the proper consideration.
An increasing number of people are starting to understand that their real risk exposure is not in the costs associated with repairing or replacing their car or home, rather it is in the far more costly liability risk. Yet, most people drastically underestimate their personal liability risks.
As your parents age, they may become less capable of managing their own finances. Here are some ways to approach the subject.
It seems remarkable that more than one in seven drivers in the United States is uninsured. But with the slumping economy, that number is expected to increase. And that doesn’t account for the millions more who can only afford to buy the minimum liability coverage that is required by state law.
With the average life expectancy surpassing age 85, the number of people who will require some sort of assistance performing daily living functions can be expected to increase dramatically. Already one in three people age 65 and older will receive care in a nursing home or through a home caregiver. After age 74, there’s a 50% chance of needing assisted care.
