My 56 year old friend Colin (fictitious name), recently told me that he plans to retire at age 65 and then kick back and do what he wants. His retirement will include traveling when and where he (and his wife) choose, driving his vehicle of choice and pretty much living the good life…
Building Wealth
Long Term Care Insurance: Are Seniors The Only Ones Who Need it?
Many in their 40s and 50s begin to wonder about long-term care insurance. They may be taking care of an aging parent or seeing someone they love that needs an assisted living facility, in home health care, or a nursing home. So that brings up an interesting question: who needs long-term care insurance?
Which IRA Should You Invest In?
So you’re saving money for retirement, or thinking about opening an account – that’s great! But should you open a Roth IRA or Traditional IRA? The question inevitably comes up – Which Type of IRA Should I Invest In?
It’s a good question, and there are advantages and disadvantages of both the Traditional IRA and the Roth…
What is Private Placement Life Insurance?
Private placement life insurance describes a type of variable life insurance that is only offered privately and not through a public offering. It can be a great a defensive tax strategy that transforms ordinary taxable income as well as capital gains into tax free income without any income tax reporting requirements under, and it is all done legally…
Advantages Of A Living Trust vs. A Will
Over the past 15 years as a financial planner, I am often asked, “should I have a will or a trust?” I sure wished every prospective client would ask this question because this would reveal they were planning ahead. The sad fact remains that less than half of adults have a will, let alone a trust…
Prosperity Gospel, Poverty Gospel, and the Gospel
Yesterday an article was published on TheSimpleDollar where Trent shared his opinions about the “Prosperity Gospel”. I read the article, read the comments, and had some thoughts that I wanted to write about – so here we are. In the article Trent made clear all of his misgivings with the Prosperity Gospel and at the […]
Quit spending (Part 4)
Getting out of debt part 4…Getting out of debt, creating wealth, living financially free, retiring with cash in hand can all be achieved by following one simple rule: Spend less money than you make.
Getting out of Debt (Series)
Are you looking for help getting out of debt? …Over the last 2 years while working to get out of debt, we have paid off nearly $30,000 in consumer debts from some mistakes that we made in the past.
