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…
Would you be affected if you or the primary wage earner in your family passed? One in three homes say that they would have immediate trouble paying living expenses1. September is Life Insurance Awareness month, meaning companies like Life Happens and LIMRA are working together to help educate the masses about the importance of life insurance.…
We get them every month; those statements that remind us that we’ve got student loans or had some other emergency that took a credit card to pay for. What I often forget is that I have a savings account of sorts, that I have been paying into for a number of years, building cash value…
“It’s time to update your FAFSA,” read the first line of the email, and I was reminded of a story I read last year at this time about funding for college. Last year I had two children attending and this year all three, so the cost of tuition, books and board is daunting. In writing…
It was hard not to watch as they hugged and cried tears of joy. I sat across the isle in a restaurant drinking my coffee. They appeared to be sisters by resemblance, and were apparently just given a reprieve from what they had thought would be a final separation. I couldn’t help but overhear the…
The prospect of having to be dependent on someone else for care someday is something no one wants to think about or talk about, but eventually we are all faced with the possibility of long term care. Statistically, some 60 percent of those over 65 will require some kind of assistance in the future, but…
Several years ago I worked with a business owner for whom I had great respect. One particular day I was in the office, she came in talking about estate planning and reported that she and her husband had finally decided to sit down together and plan for both their home and business in-case one or…
Most people know about life insurance, and we all have to have health insurance, car insurance, home owners or renters insurance and all of that, but what about insuring your income? Many people don’t consider insuring income for those times when they have to take time off work because of an illness or injury and the sick or personal…
“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…