The way Americans look at their retirement has changed considerably since 2020. Many begin to wonder if they should retire early without having planned it, others are taking early withdrawals from retirement accounts like 401(k)s and IRAs. There is even some who postponed their retirement plans.
Regardless of your financial situation, this year the principles […]
Taking out term life insurance for your family used to be an arduous, inconvenient ordeal. It required you to submit to a medical exam, give a blood sample and then wait at least 30 days and up to three months for approval. That’s so yesterday!
Now, the power of big data and the sophisticated technology […]
It’s 2021. Have you scheduled your annual insurance review? Remember, life insurance and disability policies aren’t “set it and forget it” protection.
A lot can happen in a year. Maybe you got married or divorced. Did a child start college? Or perhaps your kids are all graduated and are out on their own. But changes […]
“Nothing is certain except death and taxes,” wrote Ben Franklin. There are, however, some unknowns about taxes. For instance, we cannot predict years in advance what the top marginal tax rate will be when we retire and begin to withdraw funds from our tax-deferred retirement accounts.
In other words, the more money you have in […]
Having appropriate and adequate life insurance coverage is an essential part of most physicians’ financial plans. Even if you have a whole life policy as part of your retirement portfolio, you may also be considering a term life policy.
Often, people use term life insurance to meet specific objectives. For example, if you’re starting a […]
Life changes. Once you graduate from medical school and complete your residency, the rate of change only seems to escalate. New job opportunities and business decisions can mean more income, while marriage, children and owning a home lead to more spending.
As these changes occur, ask yourself: What happens if I die and am not […]
While we tend to focus on ways to minimize taxes while we’re working, it’s also important to consider how to make retirement less taxing. One tax minimization strategy for retirement is the 7702 plan, which you fund with after-tax dollars. It’s a life insurance policy that augments the death benefit protection with an investment […]
There’s
a popular phrase used in the investment world, “buy term and invest the
difference.” At least since the 1980s it’s captured the prevailing advice about
life insurance. In fact, since that time, whole life insurance has sometimes received
a bad rap, much of which is undeserved.
More
recently, studies have come out that put a new perspective on whole […]
The most important aspect of a life insurance policy is that it’s in force on the day you die. Owning a permanent policy ensures that happens. Given that it’s called permanent “life insurance” it’s not surprising that most people think it’s a one-trick pony. It can, however, play multiple roles in your financial portfolio.
So […]
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery