For starters - your chances of getting hit by a bus today are not high. There are only around 300 pedestrian traffic collisions daily in the US which leaves you at a one in a million chance of getting struck by a vehicle today (slightly higher than winning the mega-millions jackpot, but still highly unlikely) - but that is besides the point. What would happen if you got injured today and became mentally incapacitated or you no longer were here?
Every adult…
[Read More...]I read a disturbing article in the WSJ this morning that cited a rise in employees investing their 401(k) dollars in their own firm. As I stated a couple months ago, this is a VERY BAD IDEA because you do not want your 401(k) returns to be highly correlated with your employment and pay increases. In addition, I’m a firm believer that you should not own any individual stocks EVER because of the heavy risk associated with doing so and that this…
[Read More...]Do you have Long-Term Disability (LTD) insurance? Do you know what LTD insurance is? To understand LTD insurance answer the question, “Who will pay my bills if I get hurt and become unable to work?” Everyone with a job should 100% have this.
Let’s not get LTD insurance confused with a post I wrote a few weeks back suggesting that those without dependents should skip out on purchasing Life Insurance. LTD and Life insurance are similar in the sense that they…
[Read More...]One of our audience members requested a blog regarding Auto Insurance - and their wish has been granted. Although we have had blogs specifically stating - “don’t own a car” - the reality is that many people still need or want a car. With ownership of a car comes Auto Insurance which can be a scary beast to tackle if you’re not a Harvard Law grad. In this blog I’ll look to give some basic definitions and pointers for Auto…
[Read More...]Life insurance is a very important tool that can be used to protect your loved ones in the event that something unfortunate should happen to you. If you die, a Life Insurance policy will pay a large sum of money to anyone you choose. This money is meant to replace the years of salary that you will no longer earn because of your unexpected death.
Should I have Life Insurance?
[Read More...]| Need to remove google ads and add stuff |
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