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The purchase of a life insurance policy will never make most peoples’ top ten list of favorite things to do. After all, there is a lot not to like in the whole process of buying life insurance. With hundreds of products from which to choose, it can be confusing. Insurance contracts can be complex and mind numbing. Some insurance agents can be annoying.

Investors are prone to many behavioral mistakes that can cost them dearly.  Trying to time the market, trying to pick the winners, chasing returns, trying to go it alone are among the most common.  But the one that can inflict the most damage over a period of time is when we succumb to investing inertia.  What is “investing inertia?”  In physics, inertia refers t

Anyone with a family to protect understands the critical role life insurance plays in their financial plan However,  in determining the actual amount of coverage to provide essential protection needs, many people tend to adhere to simplistic rules-of-thumb, such as a “multiple of income,” which may leave them wondering if they own too much or too little coverage.

When financial planners first began to calculate retirement income needs back in the 1970s and 1980s, many of them latched on to the “70 percent” rule, which says that retirees should plan on needing just 70 percent of their pre-retirement income to live comfortably in retirement.

If you come from a typical family, finances were rarely discussed in detail even as you matured into adulthood, which was fine as long as your parents were fully capable of running their own lives.  But, as your parents age, and with today’s life expectancies that could span another 20 to 30 years at age 60, there is a strong likelihood that they might lose their cognitive function o

The biggest risk to your financial future is the possibility of losing your earnings due an injury or an extended illness that prevents you from working.  In fact, nearly one in three people between the ages of 35 and 65 will suffer some sort of disability which will keep them from working for at least 90 days.   Yet this is the one risk that, for most people remains unprotected.

Have you made up your mind on just about everything, even before you know what it is?  For instance, when you meet someone, is your opinion of the person formed from the first impression?  Or, when you hear a political argument from the other side, is your mind opened or closed?

Young families with an eye to the future are faced with a daunting choice – to save earnestly for a secure retirement or to save for their children’s education. Can you do both?

When people’s attention eventually turns to planning their estate, they are suddenly confronted with a new language replete with the kind of legalese and Latin terms that only a lawyer can love, and that’s mainly because lawyers are typically the only people who can understand it.

With the long financial nightmare of the recession and financial crisis shrinking in the memories of those who endured it, Americans are, once again, setting their sights on a shorter retirement time horizon.