Insurance

Should I Invest in an Annuity?

Should I Invest in an Annuity?

By in Advanced Investing, Insurance, Money Management, Reader Question, Retirement | 0 comments

Understand the Annuity Product-In Plain Language Annie Logue of the Root of All, Chicago on the Cheap, and author of several Money and Investing Dummies books about asks; “When are annuity investment products a good idea?” Annuities are a hot button financial offering because they are a product with a high commission for the seller. Thus, they are frequently (inappropriately) promoted to individuals for the purpose of giving the seller a fat commission. This article will delve into the nuts and bolts of the annuity product, when and when not to buy an annuity, and how not to get taken when you purchase...

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Get Rid of Money Stress with Free Text

Get Rid of Money Stress with Free Text

By in Asset Allocation, Automatic Saving, Bond, Budget, Debt, Inflation, Insurance, Investing, Mind and Money, Money Management, Mutual Funds, Personal Finance, Retirement, Saving, Stocks, Tips | 0 comments

You Can Live Without Money Stress Click here to get FREE investing book. It will reduce money stress + build wealth A recent Amercian Psychological Association Survey found that Money is the leading stressor for Americans. In spite of the finding that overall stress in the U.S. is at a seven year low and average stress levels are falling, money stress continues to distress us. Click here to get this FREE investing guide to build a 6-7 figure retirement fund (even if you’re over 40) You’d think financial worries were worst during bad economic times. Yet, since this survey...

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Universal or Variable Life Insurance; Should I Buy?

By in Guest Post, Insurance, Investing | 10 comments

Do You Need Whole, Universal of Variable Life Insurance? Ben Luthi of The Wealth Gospel asks, Q: In what situations is it better to have universal life, variable life, or other investment-based insurances? Guest Contributor, Ben Luthi of The Wealth Gospel Life Insurance Reverse Pitch Have you heard of the “reverse pitch”? That’s when someone asks you for something and you reverse and ask them for something back. Since Ben was a former insurance agent and did a great job comparing term and whole life insurance, I reverse pitched and asked him to research and write the response to his own...

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Term Insurance: Not Always the Right Answer

By in Automatic Saving, Guest Post, Insurance, Investing, Reader Question | 13 comments

Your Investing Questions Answered #5 Jeff from Good Financial Cents asks, “When is whole life insurance a good investment for someone?” Response by Guest Contributor, Ben Luthi of The Wealth Gospel In the personal finance world, it is hard to find neutral ground when it comes to life insurance. On one hand, there are some heavyweights who are violently opposed to whole life insurance and will only recommend term insurance. On the other hand, many insurance professionals are quick to tout the benefits of whole life as a long-term goal, regarding the term policy as a temporary placeholder until...

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DO BILLIONAIRES NEED AN EMERGENCY FUND?

By in Automatic Saving, Debt, Insurance, Saving | 28 comments

Versailles Mansion – David Siegel Builds the Biggest House in America “The Siegel’s had to stop construction on Versailles three years ago when financing for Westgate Resorts faltered, putting the company and their personal fortune at risk.” from Susan Berfield, BloombergBusinesssweek, March 15, 2012 How could David Siegel, billionaire owner of the largest time share company in the world, Westgate Resorts not have back up savings when trouble hit? Bloomberg BusinessWeek  chronicled his downfall and rebound last year in “Versailles, the Would be Biggest House in America“. Background; What is a Time Share? As a struggling young married couple...

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SHOULD I TRADE IN MY CAR?

By in Debt, Insurance, Saving, Wealth | 26 comments

DOES DRIVING A NEW CAR PREVENT GETTING RICH? One of the  most popular articles on this website is How Trading in a Car Every 2 Years Makes Good Financial Sense. It’s ironic that this is such a popular article, as my husband’s “new” car is a 2003 with 90,000 miles on it. My car has almost 120,000 and is still in great condition. That article talked about a man I met who valued driving a new car. In fact he preferred to drive a new car over taking a vacation, eating out, and almost all other indulgences. He wasn’t...

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