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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 life insurance on the cheap, through a term life 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 the answer will … Read more Term Life vs Whole Life Insurance: Which One is Better for You?

Should You Pay Off Debt or Save for Retirement?

Should You Pay Off Debt or Save for Retirement? 13

We can all see the benefits of having a large retirement portfolio. If it’s big enough, it can provide you with a standard of living comparable to — or even higher than — the one that you have when you’re working. But let’s face it, not everyone will have a retirement portfolio that will be … Read more Should You Pay Off Debt or Save for Retirement?

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

Why You Need an IRA Even if You Have a 401(k) 24

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

Are Bonds and Bond Funds Safe Investments?

Are Bonds and Bond Funds Safe Investments? 28

When we build an investment portfolio it should include a mix of higher risk securities as well as safer investments. This usually divides the portfolio neatly between stocks and bonds. And with mutual funds and exchange traded funds (ETF’s) being so popular, that usually means stock funds and bond funds. But are bond funds really … Read more Are Bonds and Bond Funds Safe Investments?

3 Problems with High Turnover Ratio Mutual Funds

Just like Football, high turnover is bad for you and good for the other team. Investing in mutual funds and exchange-traded funds (ETF’s) with high turnover ratios involves paying a substantial amount in transaction fees and other costs. This means these investments are at a performance disadvantage, and they could cost you money in other … Read more 3 Problems with High Turnover Ratio Mutual Funds