Why You Need Life Insurance Whether You’re Young or Old

It’s a subject that none of us enjoy talking about: whether you need life insurance. It can be a bit frightening to dwell on our death and planning for it whether you are 25 or 85. Being 67, I can’t help but think that I’m not going to be around as long as I have been, and that’s a subject that makes me worry about my younger wife, my kids, and their financial futures. There are a number of important things to consider here and a number of myths about life insurance that need to be discussed while you can do something about it. Let’s examine the facts we are facing now when looking at life insurance in 2016.

It's not just the middle-aged that need life insurance. Read on to understand when and why Millennials and Baby Boomers need life insurance too.

Fewer Americans have life insurance today than they did just 10 years ago. Just 60% of us have life insurance and that number was around 70% before the 2008 “great recession”. The reason is fairly simple. A lot of us feel that having life insurance is just too expensive and doesn’t fit into our budget plan since the economy, unemployment, and the difficult times of 2008 have lingered into the present.Continue reading“Why You Need Life Insurance Whether You’re Young or Old”

Making A Success of Your 2016 Financial Resolutions

Today is New Year’s Day and I’d like to wish everyone happiness, health, and prosperity for 2016. And how do we get to happiness, health, and prosperity?

Resolutions: every new year we make a list of them and then by February they just seem to disappear in the cold north wind. I know you know what I’m talking about. You’ve pledged to lose some weight or to give up your nasty smoking habit, but it’s so much easier to say it than to do it.  You can talk the talk, but can you walk the walk?

Well, when it comes to your financial resolutions, it’s much the same. Making resolutions that can make real changes in your life is something that most of us think, talk about and plan every year. But what becomes of that plan?

Making A Success Of Your 2016 Financial Resolutions

About a year ago, I wrote about how to make a better plan, by setting measurable goals, dealing with setbacks, engaging others, and more. This year I’d like to talk about what some of those financial goals might include.Continue reading“Making A Success of Your 2016 Financial Resolutions”

How to Save on Car Insurance

Unless you live in an urban area with ample public transportation, having a car or truck is practically a necessity. And if you own a car or truck, having some car insurance is a necessity by law here in the United States. According to the National Association of Insurance Commissioners, in 2012 the average cost of auto insurance was $815. My home state of New Jersey was the most expensive with a whopping average of $1,220. While you can’t avoid paying for it, there are ways to save on car insurance premiums and shrink your bill.

How to Save on Car Insurance
Continue reading“How to Save on Car Insurance”

Why You Need Life Insurance

When you’re young, single and healthy, your mortality (and therefore life insurance) is something you rarely think about. After finishing school, you usually focus on your employment and career, perhaps marriage and family, rather than what may be a basic cornerstone of your financial plan. However, life insurance is something you should review, even at an early age. It can be more affordable, provide protection for loved ones and against debt, as well as provide a safety net as you grow older and have serious needs for your own spouse and children.

Life insuranceContinue reading“Why You Need Life Insurance”