Reading and Understanding Your Life Insurance Policy

Most people hate the thought of reading a life insurance policy (or any insurance policy, for that matter). However, if you can find the time and muster the patience, it’s probably a good idea to read through your policy. If you do, you’ll understand your policy better and gain an understanding of your rights and obligations under the contract.

The parts of a life insurance policy

Continue reading “Reading and Understanding Your Life Insurance Policy”

Scams are targeting our friends, parents, grandparents and clients

Publisher’s Clearing House Scams are targeting our older family members, clients and friends.

Quick PSA – A client and friend came to my office today, with a letter and a check from PCH, made payable to her, for $7600.

It looked legitimate, but was indeed a fraud.  After searching the internet and PCH’s own website and fraud page, I was able to advise her to shred the check and contact PCH immediately with details of the scam.  The letter is on PCH letterhead and informs the recipient that she has won, and this check is a prepayment of taxes.  The letter instructs her to call and talk about it, before depositing.  Thankfully, she came to me first, so that the scammers won’t have her phone number.  I wanted to share the link to PCH’s website.  This is so important for our parents, grandparents and older friends who come from the Publisher’s Clearing House generation and trust their name.

Life Insurance and Estate Planning

Life insurance has come a long way since the days when it was known as burial insurance and used mainly to pay for funeral expenses. Today, life insurance is a crucial part of many estate plans. You can use it to leave much-needed income to your survivors, provide for your children’s education, pay off your mortgage, and simplify the transfer of assets. Life insurance can also be used to replace wealth lost due to the expenses and taxes that may follow your death, and to make gifts to charity at relatively little cost to you.

To illustrate how life insurance can help you plan your estate wisely, let’s compare what happened upon the death of two friends: Frank, who bought life insurance, and Dave, who did not. (Please note that these illustrations are hypothetical.)

Continue reading “Life Insurance and Estate Planning”

Don’t Let Your Retirement Savings Goal Get You Down

As a retirement savings plan participant, you know that setting an accumulation goal is an important part of your overall strategy. In fact, over decades of conducting its annual Retirement Confidence Survey, the Employee Benefit Research Institute (EBRI) has found that goal setting is a key factor influencing overall retirement confidence. But for many, a retirement savings goal that could reach as high as $1 million or more may seem like a daunting, even impossible mountain to climb. What if you’re contributing as much as you can to your retirement savings plan, and investing as aggressively as possible within your risk comfort zone, but still feel that you’ll never reach the summit?


As with many of life’s toughest challenges, it may help to focus a little less on the end result and more on the details that help refine your plan.1 Continue reading “Don’t Let Your Retirement Savings Goal Get You Down”