Commentary: This week’s article tells us that “managing your risk constitutes a major element of your financial plan”, and that risk includes items such as your life in addition to your home. Life insurance can be viewed as insurance to replace lost earnings, to provide a source of savings or an inheritance for your loved ones in the event of premature death, or the eventuality we all face. “The trick here is to put the risk in dollars. In the case of life insurance, for instance, layout the expected income that will be lost if the insured were to die.
Commentary: Research has shown that one of the roadblocks seniors face in setting aside adequate savings needed to retire is the financial help that their adult children may unexpectedly need. One way of working to reduce those occasions where financial assistance is given is to encourage family members to take the initiative to self-educate and grow their own financial knowledge. Today’s article provides some ways to do that. Take a look, and call us if you think your family members might benefit from a conversation with us. We’re always here to help. Click Here to Read Full Article
Commentary: We have always tried to keep things simple, and so were thrilled to read this week’s article where a member of the faculty at the Stanford Institute for Economic Policy Research has shown the adage “the simpler, the better” when it comes to retirement planning. In a study to be published in the Journal of Public Economics they will show that when faced with complicated choices “people end up throwing their hands up in the air and don’t save anything at all.” Call us – we will tell you, in an easy to understand way, about some choices you