11 Oct
October 11, 2019

Do You Have Too Much Coverage?

An important part of my job as a financial planner is to identify and mitigate financial risks through insurance. For example, the sudden death of a family member could derail your family’s goals, making it a serious risk to your family’s financial well-being. This risk can be reduced through life insurance.

Although it’s important to have insurance to protect against these risks, there is a cost (not just in dollars) to being over-insured. Here are a

Read More
02 Jul
July 02, 2019

Over time, as your individual and family circumstances change, you may find that you own an annuity or cash value life insurance policy that no longer suits your needs.

If you have such holdings within your portfolio, there are attractive ways to repurpose such assets where they again can play a role in your overall financial plan such as for long-term care insurance protection.

Read More
20 May
May 20, 2019

“What did the doctor say?” A diagnosis of a serious illness can be life changing. The need to understand treatment options and to receive medical care is often overwhelming. A new diagnosis can impact not only your day-to-day routine, but also the people who are close to you.

Finances can also be impacted. In fact, one of the areas that a hospital support group asks patients to describe is their level of ‘financial stress.’

Read More
16 Nov
November 16, 2017

Planning a wedding takes quite a bit of time and effort. It involves a good deal of coordination and communication to make sure everything goes smoothly on the big day. Don’t let the organization skills you developed while planning your wedding go to waste after tying the knot. Instead, re-direct them to an important part of your new life together: creating a financial plan for your future.

Read More
03 Jun
June 03, 2016

You may be able to receive subsidies from the government for your health insurance premiums. In order to make health insurance more affordable, the Affordable Care Act allows eligible individuals to receive a premium tax credit if they obtain health insurance through the Marketplace.

The Marketplace is a health care exchange that was established by the government under the Affordable Care Act and is also referred to as “Obamacare.” It was signed into law March 23, 2010. This legislation requires all

Read More
27 Aug
August 27, 2012

After the Supreme Court ruling upholding the recent Health Care act, everybody is required to buy health insurance. Or are they?

People who earn less than $9,500 are exempt from the requirement; above those income levels, you would have to pay a tax that depends on your income level. There is a phase-in of rates from 2014 through 2016, but just looking at the 2016 rates, any person with taxable income between $9,500 and $37,000 would have to pay $695

Read More
21 Dec
December 21, 2009

As the Senate is starting to debate the future of 17% of the US economy, the original premise for why we need to go down this path is far from clear. A main reason cited for the need to reform the current system is the poor ranking of US healthcare compared to other countries. The World Health Organization last published a list ranking 190 countries in the year 2000. The US ranked 37th, not as good as Canada or Costa

Read More
10 Feb
February 10, 2009

The average investor realized cumulative returns of 140% over a recent period of time. But by following a different strategy, you could have earned 833% during that same time period!

During the turbulent market conditions of the past year, investors would be happy to have positive returns of any kind. So what is the period referred to above? It is the 20 years ending 12/31/07. The next logical question is, “How could a person gain an astounding

Read More