Life Insurance, Don't Pass Your Debt Onto Your Family How do you know if you need life insurance?  If you do not want your family to be burdened with your debts in the event that you tragically die unexpectedly, you need life insurance.   If you want your loved ones to be free from all financial burdens upon your death, you need life insurance. Life insurance should actually be called love insurance.   If you love your family, you buy life insurance to protect them financially in the event of your untimely death.    If you love your family, you buy life insurance so that the money from the life insurance policy will cover those expenses that you planned for plus those expenses that you could not anticipate. Do you know what expenses your family will be left to cover if you do not have life insurance?   If you don't know, you should.  See the following detailed list of reasons why you personally need life insurance. Reason #1 for Life Insurance - Funeral Expenses. Funeral expenses can start at $7000.  Most individuals do not have $7000 immediately available.   Life insurance is most often used to pay for funeral expenses because the life insurance policy is an immediate source of funds. There are many ... Leave a Comment Read More...

Are you personally feeling the economic squeeze? Are you up to your ears in debt? Are you living from pay check to pay check with no end in sight? Living on a fixed income, maybe social security checks or unemployment checks? Maybe the economy has had a negative impact on your employer, so they have eliminated raises or bonuses or even made cuts to your salary. Even though your income may be in effect "frozen" your expenses are not, they keep increasing.   Your rent, cost of groceries, your home and auto insurance premiums always seem to be increasing.   If you could better manage your spending and debt you could offset all of the increases.  Here are some suggestions on where you can cut back on your spending to help keep your debt down. Your Guide To Cutting Back on Your Debt Shop Wisely. Only go to the grocery store with a list. Don't buy any groceries that are not on your list. Only buy something if it's on sale. If blue berries are on sale this week,  you eat blue berries this week.   If chicken is ... Leave a Comment Read More...

Your magic retirement number is 80.   If you don't have 80% of your pre-retirement income in savings and retirement investments - - - - - don't retire!! Unless you plan on working throughout your retirement years, you will run out of money if you start your retirement with anything less than 80% of your pre-retirement income saved up. Your 80% of savings and investments will need to carry you through your entire retirement years. This 80% you should include any social security benefits you may receive plus all your retirement accounts (401k accounts, IRA accounts, Simple IRA accounts, pensions)   If you go into full retirement with no part-time work, and investments that equal less than 80% you will be in for a lot of surprises. Why 80% is your magic retirement number: Full Retirement is a long time: you will need 80% of your pre-retirement income. Most people retire in their mid 60's; on average, males live to about age 83; females to about age 92. On average, most of us will be  in our retirement years for almost 20 - 30 years. Your retirement years will almost be as long as your working years. Unless you plan on working during your retirement years, you will need to ... Leave a Comment Read More...