We all need savings for life’s many financial surprises. Here’s how to build them up. Life has a way of hitting us with unplanned expenses. You never know when your car might break down, your roof might spring a leak, or an injury might land you in the hospital with a whopping bill to boot.
Clients often ask, “Why do I need a trust?” This question comes up even more frequently since Congress passed the Tax Cuts and Jobs Act of 2017, which increased the federal estate tax exemption amount from approximately $5 million per person to $11 million per person or $22 million per couple. Those amounts are adjusted
– When Cheryl Lock and her husband sat down to figure out their life insurance policy, signing up was easy — until it came to figuring out how much coverage they needed. – To decide how much life insurance coverage they needed, they considered their mortgage, their annual expenses, and future college costs for their
IUL vs. Whole Life: An Overview Whole Life Insurance Whole life insurance policies have been around for decades. In general, these policies are considered the safest option for those looking to provide for their families after death. The Pros Guaranteed death benefits Fixed premiums that don’t increase with age Option to pay up face value
People buy life insurance for many reasons, and it offers some unique features that are not found in many other financial products. For example, leverage, especially in the early years of a policy, where you pay a small premium to lock in a large death benefit or the ability to time liquidity to an event
Children are capable of more than we give them credit for. Adults often think of investing as a difficult topic, because it was difficult for them to learn at age 30 or 40, but children are so much more moldable and teachable. As parents, we’ve got to use that. Sometimes it means raising your expectations,