Many people choose self-insurance or go without insurance while others take on too much insurance. During downtimes, insurance can be a financial lifesaver. But is it wise and godly to protect against illness, death, accident, or theft?
Many in their 40s and 50s begin to wonder about long-term care insurance. They may be taking care of an aging parent or seeing someone they love that needs an assisted living facility, in home health care, or a nursing home. So that brings up an interesting question: who needs long-term care insurance?
Over the past 15 years as a financial planner, I am often asked, “should I have a will or a trust?” I sure wished every prospective client would ask this question because this would reveal they were planning ahead. The sad fact remains that less than half of adults have a will, let alone a trust…
As an independent financial advisor who gets paid a fee only rather than commission, I am always looking at the pros and cons of various investments. Let’s take that same approach with an annuity. There generally are two types of annuities – fixed (tied to interest rates or indexed annuities tied to various indexes) or variable annuities (tied to the investment performance of the mutual funds within the policy). Let us look at the pros and cons of the most popular type of annuities- variable.
I talk with hundreds of people each week. Yet few are living their ideal life. Few people inspire me. I see a lot of people going through the motions – living for the moment yet no passion, no purpose, and no plan. I hear a lot of negativity, a ton of excuses, and a whole lot of reasons why it’s too difficult to succeed financially.
God wired each of us for a specific purpose as part of His plan. If you are still alive, God is not finished with you yet. He has a big plan for your lIfe. Are you obediently waiting for your next mission? Or are you too busy living for yourself?
In 2009, for many investors there is good news and bad news. The good news is you may have made a ton of money in the stock market recovery. The bad news is you may have to pay some taxes on your gains. What can you do to cut your tax bill? Here are some year-end tips to help reduce your taxes.
Many times people come into my office looking for advice on how to appropriately plan their financial future. Asset location is often just as important as asset allocation. While asset allocation looks to spread your assets among many different assets classes, asset location helps you spread your assets among taxable, tax-deferred, and potentially tax-free accounts. Many who are employed by a corporation have retirement planning options at work, but what about the business owner? How do you choose the best location for your assets and that of your employees?
If you are trying to figure out how to create wealth in your own life, these are 10 essential habits that are a great place to start!
The Roth 401k offers a lot of benefits that traditional 401ks do not. These are 6 great benefits and reasons you might want to sign up for the Roth option of 401k…
This is the history behind the motto on our money – “In God We Trust”
It is so critically important to reduce your credit card interest rates, if you don’t it will take a whole lot longer to get out of debt. Not to mention that it will cost you hundreds or thousands more in interest charges as well!