As discussed in previous posts, sorting through a parent or grandparent’s affairs and finances can be daunting, but planning ahead and making use of some tools and strategies to help organize and collect vital information can prevent a lot of stress later on. Electronic storage of important documentation and record keeping can be very helpful.… Continue Reading
Author Archives: John
Can Your Estate be Divided Unequally and Still be “Fair”?
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
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