A recent estate column in the Wealth Matters section of the New York Times caught our attention. The article asks, “Is there ever a time when inheritance should be uneven? And if so, can uneven still be fair? The answer to both questions is yes.” But, good, clear, timely communication is essential to avoid hurt… Continue Reading
Author Archives: John
Some Life Insurance Premiums are Skyrocketing: Why?
When was much younger, my dad, who was an insurance salesman, told me never buy a universal life insurance policy. It was a bad deal, and you’d have to be crazy to buy any permanent policy other than whole life, he said. I really had no idea why he said that and didn’t really inquire… Continue Reading
Retirees are confident, but unprepared
Recently Transamerica Insurance produced a report titled “The Current State of Retirement: a Compendium of Findings about American Retirees.” Published only a few months ago, it cited ten important facts about today’s retirees. In short the study indicates retirees are optimistic, but that optimism masks a surprising lack of adequate preparation. What did the Transamerica… Continue Reading
Helpful Tips – Your Financial Records
It can be helpful to your spouse and children to compile a complete record of your financial life. Include lists of brokerage accounts, mutual funds, real estate holdings, bank accounts, annuities, CDs, safe deposit boxes, life insurance and other financial information. This record should also include contact information, user IDs and passwords. You should also… Continue Reading
Retirement Account Tips For Your IRA Account
If you have reached age 70 ½ and are taking your required minimum withdrawals, here are some useful tips you may want to use in order to maximize your IRA account: Tip 1: to decrease the fees you’ll have to pay when withdrawing from your IRA, you can merge traditional IRAs from multiple institutions into… Continue Reading