Legacy, “a gift by will especially of money or other personal property” is the definition taken from Merriam-Webster’s online dictionary. Anything given to you by someone, who has marked you as beneficiary, after death. An article of clothing or a piece of jewelry. It could be a letter or land. However big or small, what…
If you asked me about whole life insurance a few months ago, I wouldn’t even know where to begin. Whole life insurance? Doesn’t that mean your kids will get money after you die? Most people think that’s only what it does, but the truth is that’s only a fraction of it. Whole life insurance functions…
Flower shops will run out of roses on February 14th as people purchase the long stemmed beauties to show their love for one another on Valentine’s Day, but what about leaving a lasting legacy instead? It might sound unromantic, but why not do something out of the ordinary and think out of the box this…
This time of year the W-2 and 1099 forms are showing up in the mailbox and email as that first of the year reminder that tax time will be here soon. If ever there should be a time for relief it would be in January, after we’ve all just spent a year’s budget on the…
When my children were little, in lieu of gifts at Christmas or birthday time, their grandparents invested in their future. When it came time for them to enroll in college the funds they’d invested in a life insurance policy had earned enough cash value to help get my children started on their way. Whole life…
One of my best friends is facing retirement and isn’t quite sure he’s ready. He has spent his career paying into the Social Security system, so he will have that income; and he has an employer sponsored 401K, his own Individual Retirement Account and some other moderate investments. That should be enough, right? My friend is nearly…
So often when we purchase life insurance, whether Term Life, Whole Life or Guaranteed Universal Life, the first thing we think of is who will benefit from it; those we leave behind. We seldom think about using life insurance while we’re living. The reality is there are many reasons to use it during our lifetimes.…
“Mom, I got a call the other day from our insurance agent,” said my now 20-year old daughter. “She wanted to talk to me about life insurance, but I didn’t know what to tell her.” My bright young off-spring knows her father and I both carry life insurance policies and have paid premiums on…
“I already have a term life insurance policy through work that will pay triple my salary if anything happens to me. I really don’t need anymore than that, right?” The simple answer is, you only need that term insurance policy if you don’t plan to outlive your employment. That policy only covers you for the…
“I’m not that far from retirement and I’ve still got some debt. I don’t have a lot of savings, but I have some. I don’t know if I have enough time left to save now.” It really is never too late to start saving. It just takes planning and the right savings options. Sure hindsight…