It is not a product, not a package solution, but a process. A process which can lead to the accomplishment of financial and life goals. At its core is the idea that you should begin by determining what is important to you. You will be in a position to make the best use of your assets only after you have come to… Read more →
Author: Carl Goodin
What about income loss due to accident or sickness?
Loss of income due to accident or sickness is a life risk exposure similar to that of the death of a household provider, except that the actual cash need is greater since the disabled provider has ongoing needs in addition to those of the spouse and children. Disability income insurance pays a benefit when someone is unable to work. To… Read more →
About retirement…
The term I prefer is “financial independence.” And the question is, “What does it take to be financially independent?” It takes income. Income which is sufficient to meet required outflows, and which is not dependent upon continued employment. Please note that the attainment of some arbitrary age, such as 65, is not what is required. Some folks are financially independent… Read more →
How much life insurance do I need?
Life insurance pays a cash benefit to a beneficiary upon the death of someone. The human life value. What is the value of a human life? Of course, a human life has great value with regard to achievement, companionship, inspiration, and so on. There is also the financial value of a human life. To understand this concept, ask the question,… Read more →
“What goes up must come down. Spinning wheel got to go round…”
Perhaps you recognize this opening line to a popular song from 1969. David Clayton-Thomas was probably not thinking about portfolio theory when he wrote that lyric, but it does apply. Inefficient diversification can result in unnecessary risk. To cite but one fairly recent example, many investors can confirm that what went up in the 1990s did, indeed, come down in the early… Read more →