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Term Life vs Whole Life Insurance: Which One is Better for You?

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This is a recurring debate – should you buy insurance on the cheap, through a term policy, or should you opt for whole life insurance with its cash value/investment feature and coverage for life? The answer will depend on where you are in life (often how old you are), but will usually favor term in … Read moreTerm Life vs Whole Life Insurance: Which One is Better for You?

Why Whole Life Insurance Works Better for Kids

Why Whole Life Insurance Works Better for Kids 12

The chorus that can be heard from financial planners recommending against buying whole life insurance is deafening. Most strongly recommend that you instead use term life insurance. Not only is term life insurance much less expensive, but you can also duplicate the non-insurance features of a whole life insurance policy yourself for less money and … Read moreWhy Whole Life Insurance Works Better for Kids

Why You Need an IRA Even if You Have a 401(k)

Why You Need an IRA Even if You Have a 401(k) 15

Most of us like simplicity in life, and that even includes retirement planning. If you actively participate in the 401(k) plan with your employer, you may assume that you’ve got your retirement covered. But as the saying goes, never assume anything. Investing in an individual retirement account (IRA) is an opportunity to supplement your 401(k) … Read moreWhy You Need an IRA Even if You Have a 401(k)

Preparing for the Non-Financial Side of Retirement

Preparing for the Non-Financial Side of Retirement 17

When planning for retirement there’s an overwhelming tendency to focus on the financial side, and as well as should be. Without a solid tax-deferred retirement plan there would be no retirement for most people. But there’s also a non-financial side of retirement that we need to be concerned with too. If we concern ourselves strictly … Read morePreparing for the Non-Financial Side of Retirement

The Key Advantages of Buy and Hold Investing

The Key Advantages of Buy and Hold Investing 20

We can debate whether buy-and-hold is a more effective method than other investment strategies, but it has two advantages that are beyond question. One is that transaction fees are generally lower with buy-and-hold than with other more active investment approaches. The second, which is even bigger, is the long-term capital gains tax benefit. Both of … Read moreThe Key Advantages of Buy and Hold Investing