The main purpose of life insurance is to provide cash to your family after you die. The money your dependents will receive (the “death benefit”) is an important financial resource. It can help pay the mortgage, run the household, end ensure that your dependents aren’t burdened with debt. The proceeds from a life insurance policy could mean that they won’t have to sell assets to pay outstanding bills or taxes. Learn more here about the benefits or life insurance and how to navigate the insurance maze.
A couple of weeks ago, a 40-something friend of mine gave me the dreaded news: She has an aggressive form of breast cancer, and her prognosis is grim. She worries about who will take care of her 6-month-old son and 4-year-old daughter and how her husband will juggle it all if she’s not there to [...]
Life insurance is one of those topics about which I often hear questions. Many people don’t quite understand why they need to pay for a life insurance policy—or they are afraid that they might eventually need to use one. Most of us want to insure that our partner and/or children are taken care of financially [...]
Do you know the history behind the tradition of New Year’s resolutions? New Year’s Day was established to honor Janus, the god of Roman mythology who, with his two faces, looked back on past events as well as forward into the future. The Romans made resolutions that had mostly a moral flavor. Today, all resolutions [...]
This is the time of year for New Year’s resolutions. When it comes to investing, I have some suggestions you might want to consider. Here they are: 1. Fire your broker. I can’t think of any reason to use the typical broker. What do I mean by “typical”? Typical brokers send you analyst reports with [...]
Today on the Ilyce Glink Show, Ilyce talked about the First American Title Insurance settlement, as well as other places to go to look for long-term care insurance. She also took several calls about taxes, inheritances, student loans and refinancing property. Gary wanted to know what to do now that his employer is switching to a $1 for $1 match in his 401(k). All this and more on this week's Ilyce Glink Show.
On this Sunday after Thanksgiving, Ilyce talked about CyberMonday (the day that everyone supposedly goes back to the office to begin shopping online in earnest for Christmas) and how some bloggers suggest that this is a made-up shopping day. Ilyce also took questions about whole life insurance, inheritance taxes, and whether EE bonds that a caller's daughter inherited could be used tax-free to pay for school. All this and more on this week's Ilyce Glink Show.
When you own a home with a partner who has children from another relationship you may be wondering how to protect your assets. While it's good to buy a home as joint tenants with rights of survivorship, a will can ensure that your property inheritance desires are met. Estate planning, including a will, can protect other assets as well.