My Investopedia Posts

How do you speak to very young investors about saving/investing?

I agree with you. It doesn’t make sense to me to sacrifice the short term for the long term. The thing about long-term planning, though, is that if you want… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Why should I be saving for retirement when I think that money could be better used when I am younger?

It’s a tough situation. Both my parents asked the same question. They both recently passed. I have an elder aunt and uncle who are both approaching age 100, and they… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Should I take my lottery winnings in a lump sum or annually?

I vote for the 20-year payout. You’ll get more money in your pocket overall. Plus, if you find you need a large lump sum at some point in the future,… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Which pension option is the smarter choice?

I think it is wise to not choose their survivor benefit if you have a life insurance policy in force on your own life. This way you could take the… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Is it better to payoff my car loan than having a cash value policy?

I like to sleep well at night myself, and I know that debt can be worrisome. Here are my suggestions for giving you both peace of mind now, and also… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

What are advisors using as a benchmark for life expectancy in planning?

In my life insurance practice, increased longevity is definitely a factor. To tell you the truth, the actuaries are amazing me. They are actually calling for policies with the premium… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Is the insurance payout to my mom and dad taxable?

This is quite a situation. It’s a family tragedy, but at least no children have been left as orphans. But I’m sure it’s very tough on your parents to lose a… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Should I terminate my Universal Life Insurance policy and put those premiums towards investing inside a Roth IRA?

The number one priority in buying life insurance – and anything else, for that matter – is that you feel comfortable and confident with your purchase. If you feel your… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Is a financial advisor required to have a degree?

I’ll speak as a life insurance broker, as I have been in this business for over 25 years. I do have a college degree. I graduated from a liberal arts… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How can the cash value of my father’s life insurance policy be only 50% of what he paid into it?

The cash is what the cash is. The company can’t give you any more than is in there. Bear in mind that your father was required to sign an illustration… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Should I keep my Indexed Universal Life policy or cancel it and get a term policy?

Let me make sure I have this straight. You have life insurance to replace your income in case you pass away for before retirement. You don’t want to work forever,… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Should I accept the indexed universal life insurance being offered to me?

Here is what I think you need to do: 1. Decline the offer. Never buy a financial product with which are not comfortable. 2. Keep doing your research, but stop… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Should I increase my ULI policy premium to provide more of a cash value?

Let’s put the horse before the cart here. Here are some questions I think you should address before you make this decision: How much insurance do you need to have… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How do I attract investors?

Many states have associations that bring together entrepreneurs and investors. They can be called Venture Association, Angel Network, etc. In my home state of New Jersey, one such group was… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How to name a trust as a secondary beneficiary on life insurance?

My experience has been that the beneficiary designation on the policy is to be worded the exact same way as the trust is titled. For example, if the trust is… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How can I get out of my selected insurance plan?

Before you change plans, give some further thought as to how much medical insurance you really need. If you are healthy, then a high-deductible plan may be right for you…. Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Should we cash out my wife’s Whole Life Insurance Policy and use that money to build up our retirement savings?

Let’s think through what whole life insurance is, and what it could do for you. That will help you make a decision. First of all, it’s protection for the beneficiary… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Which financial securities license is the best bet for me?

If you want to focus on selling life insurance, just get a life insurance license. I wholeheartedly encourage you to specialize in one specific area of financial services. You will… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

What advice would you give to someone who is just beginning to save?

I will share with you a practice I adopted when I was a teenager. A couple of friends and I ran a lawn cutting business. Every Friday afternoon, we would… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How should I invest a lump-sum inheritance to add value to my savings?

I think you should put the money into a liquid, safe reserve fund. Make sure you have at least two years worth of living expenses, plus all the contributions you… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.