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I’ve heard that investors would rather have a root canal with ZERO Novocain versus speaking to an advisor about Life Insurance. So, here is a great educational video on Tips for Reviewing Your Life In...
Open enrollment is right around the corner, and since my optometrist recommended moving to progressive lenses, I’m re-evaluating my coverage choices. I was caught off guard by the total cost differenc...
Instead of letting life insurance policies lapse or even liquidating them, advisors can guide clients through settlements, which might make sense depending on clients' situations.
Our reader wants to pay for hybrid life and long-term care policies with a pre-tax retirement account. Experts break down the numbers in this week's Wealth Wise advice column.
I am retiring at the end of this year. My partner and I both have pre-existing conditions making a Long-Term Care (LTC) insurance policy unaffordable, so I have decided to fund one on my own. Has anyo...
Accidents are a real-world possibility that could happen to anyone, even physicians. Which is why umbrella insurance coverage is important. The post Understanding Umbrella Insurance Coverage: What’s P...
One of the most overlooked pieces of an estate plan is insurance. But overlooking insurance can cause a bigger headache than you think.
September is Life Insurance Awareness Month. What better time to take a look at the best way to find a policy that supports you and your family?
Answering listener questions about old whole life insurance policies, riders, executive bonus plans, policy cancellations, and employer-sponsored split-dollar variable universal life insurance. The po...
An expiring term life insurance policy is a great wake-up call to update your coverage and estate plan so they align with your current season of life.
Are you thinking of dropping your long-term care coverage because you no longer trust the insurance company? Don't cancel without considering these key issues.
In general, you should buy an individual disability insurance policy. More than a decade ago, I bought a group policy as well. Here's why. The post Why I Bought a Group Disability Insurance Policy app...
How much life insurance you you really need? Relying upon an insurance agent's word or an oversimplified "rule of thumb" can lead you to buy either too little life insurance---or too much! Here's how ...
A fully-funded insurance program would save Medicaid billions of dollars, cover more people, and improve the quality of life for many receiving long-term care.
Yes, no, maybe. It depends on your bank account, health and the fine print.
Umbrella insurance and medical malpractice insurance may seem similar, but they serve different purposes in your financial protection plan. The post Umbrella Insurance and Medical Malpractice: Do They...
We have a group of us at work that were severed last month. We're bouncing around ideas. A few want to take a few months off. If we do this and need insurance how does the ACA base our income? Let's s...
I'm 61 and still working full time. My spouse is 52 and also works full time. Both of us have always had health insurance through my employment and her company has none at all (small family business.)...
An interview with Jeff Wingate—president of Rate Insurance—where we discuss how home, auto, renters, and umbrella insurance work; why homeowners insurance premiums have risen so sharply; and how to ma...
Not sure which sub to post this on. A little financial planning, a little healthcare but retirees probably are most familiar with this situation. Retired couple 61/60. Cobra about to run out. Looking ...
Early versions of the WISH Act would cost about $200 billion, equal to a payroll tax rate of 1.7%. But with tweaks, WISH could come in at around half its initial cost.
Like the title says, wondering others thoughts are on the benefits keep life insurance after one is retired. We have no debt, all bills are paid off, including the funeral arrangements. I have an exce...
Rising premiums, fewer options and limited benefits can make a long-term care policy hard to find and hard to afford. There are alternatives to cover the costs.
Homeowners insurance is a national crisis — and retirees are hit especially hard.
Long-term care insurance can help offset one of the biggest financial blind spots in retirement. But timing and strategy are everything.
It may seem like everyone wants to sell you a whole life insurance policy. Is it worth it as a retirement savings hack?
When evaluating flood insurance, many people focus on a single question: Do I need it? I think there's a better question. If your home suffered significant flood damage tomorrow, where would the money...
Here's something I've noticed: the loudest voices arguing against life insurance after financial independence almost always come from people who aren't financially independent yet and don't have kids....
Many doctors are making critical errors when buying disability insurance. Here's what you need to know to protect yourself and loved ones. The post 17 Physician Disability Insurance Mistakes to Avoid ...
Here's everything you need to know about pet insurance, how much it costs, and whether it's ultimately worth it for you to purchase. The post Pet Insurance: Worth It or Just Hype? A Practical Look for...
This is going to be a bit long. We are planning on getting LTC insurance, my wifes dad used his benefit and we have no kids. I am just not sure how to think about it. I conceptualize 3 different reaso...
Cheaper doesn’t always mean better when it comes to insurance quotes. Quotes can vary widely—not just in price, but in what they cover. The post Don’t Cheap Out When It Comes to Insurance: The Cheapes...
Whole life policies purchased 35 years ago, very small and dwarfed by our current portfolio. But still paying for it every month. Really want to cash them out now so my kids have a couple things left ...
I am not yet retired but getting my ducks in order. I am a NYS teacher. If I retire at 62 I need to pay for my own insurance until Medicare at 65. The school’s health insurance for both my husband and...
Disability insurance is a must for a doctor, and plenty of options exist. Here's what to know about graded vs. level premium insurance. The post Graded vs. Level Premium Disability Insurance appeared ...
Even with our solid nest egg, it's not clear if we should self-insure or buy long-term care insurance.
I always thought I could budget $1,000 for healthcare in early retirement and be totally fine. Turns out that was nowhere close to true. The post The Health Insurance Dilemma of Early Retirement appea...
Looking for a trustworthy financial professional? That term can cover brokers, insurance agents and advisers who don't all have the same standards.
Answering listener questions about the key protections every physician should have in place, from disability and umbrella coverage to malpractice and the real role of whole life insurance. The post In...
Standard homeowners insurance coverage often isn't enough. To be fully protected, homeowners need to consider natural disaster protection. The post Natural Disaster Preparedness — How to Ensure Your H...
I want to retire now and pay for health insurance until we get Medicare. My wife says we should work 10 more months. Who's right?
Let's talk about how elimination periods really work, why they exist, how different periods change cost and risk, and all the nuances. The post Picking the Right Waiting Period (Elimination Period) fo...
Many older Americans have a simple plan for paying for retirement: keep working longer, or never stop working at all. But for a large share of workers, that plan falls apart. About 40% of people who a...
I retired at 62 (now 63) in June 2025,and I have a Roth IRA with 15% and traditional IRA with about 85% of total. My wife is 64 and still working to pad her retirement and for our health insurance. I ...
With the tax-free money in a health savings account, a person can pay for eyeglasses or medical exams, as well as a $1,700 baby bassinet or a $300 online parenting workshop. Those same dollars can’t b...
Life insurance trusts, particularly irrevocable life insurance trusts (ILITs), can minimize estate taxes and protect your heir's inheritance....
FROM THE ARTICLE. Social Security Weighs Major Changes to Disability Rules. Advocates say regulations could affect hundreds of thousands of older adults sidelined from work by illness or injury. By Sh...
Today we answer a question from Sandi about how much umbrella insurance coverage you really need — especially as you approach retirement. We discuss why someone might choose a $2 million policy,...
A recent Supreme Court decision in Connelly v. United States has sent shockwaves through closely held businesses employing life-insurance-funded redemption-type buy-sell agreements. In this episode, w...
How claiming Social Security affects ACA health insurance depends on if there's a cliff, and your household income before and after Social Security. Learn the Nuts and Bolts I put everything I use to ...