Term life insurance and whole life insurance both have their short list of pros and cons and are typically a matter of personal preference or cost. For those seeking a life insurance policy that is more versatile while holding actual value, a whole life policy wins out in this comparison.
Asset protection is a critical part of estate planning. While estate planning involves what happens after your passing, the protection of assets falls under this umbrella as there may not be assets remaining to distribute if they are not protected.
Early retirement is a dream come true for most hard-working people, especially those who have spent decades in their careers. If retiring early is your ultimate goal, you do not need to have been blessed with millions in your 20's, but you do need to be properly prepared.
Retirement may be a single word, but it maybe a complex issue for many seniors. With proper planning you can enter retirement more prepared for the rest of your life, as long as you recognize the path there is not always an easy one. Too many people view retiring as a single action you take at the end of your working life, and neglect to understand the planning process you need to perform in advance to make it successful.
Far too many people envision tax planning as something undertaken by large businesses, and rarely used by the average person, family or small business. While it is true that larger businesses naturally have a lot to gain from tax planning services, small business owners and even individuals may be surprised at how much they could save.
If you are worried about your retirement savings and whether or not it may be enough to carry you through retirement, you are certainly not alone. Even with the greatest of planning, there can be doubts that you are doing all you can do, and are as prepared as possible for the future. Saving for retirement is certainly no easy task, but instead of worrying yourself with national averages and the calculators plastered on nearly every retirement website, take the time to remember you are planning for yourself.
Upon reaching retirement, you may wonder if maintaining a life insurance policy is a wasted expense. This is particularly common if your hard work and planning have enabled you to live comfortably in retirement, or all of your debts are paid off.
We all wish preparing for retirement was as simple as saving money and choosing your last day of work. Unfortunately, there is a lot of planning and decision-making that goes along with the process. While being overwhelmed with pre-retirement checklists, it is far too easy to overlook the important steps you need to take when nearing retirement age.
Estate planning is never a fun process, and it only becomes worse when you're unprepared or struggle to wade through all the legal talk of your chosen attorney. Far too many people overlook one of the main assets they have for tackling the subject and process of how the things that are important to you are handled. Believe it or not, your financial advisor is a valuable part of the team when it comes to planning out how your estate is handled.
America is one of the most litigious developed nations, and it is important to always be aware of the possible risks of legal liability. Asset protection is one way to safeguard yourself against a worst-case scenario: It goes beyond estate planning to touch on many aspects of your legal life.
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