Archive for April 2019
What Is Long Term Care?
Life insurance, when you pass away, is going to pay what’s called a death benefit to the beneficiaries that are indicated. Typically this death benefit is free of tax. Now…
Read MoreWhat Is Permanent Life Insurance Policy
Permanent life insurance is designed to keep for the rest of your life. Types of Permanent Life Insurance- -Whole Life -Universal Life Permanent Life Insurance provides living benefits as well…
Read MoreBuilding an Income Stream for Life
When it comes to retirement income streams the pension is no longer as prevalent as it used to be. So what can you do to replace it? Today on Wise Money Michael Andersen discusses some ways you can build your own lifetime income stream.
Read MoreThe Biggest Hurdle of Retirement: Healthcare
For a lot of us working and saving and planning for retirement, how we will pay for our healthcare, is probably not at the top of our list. This may be in part because of Medicare. Medicare is a social program started in 1965 to insure the American population over the age of 65, who found it difficult to impossible to secure health insurance in their later years. In 1965 the life expectancy was 70 years old. Since then, people have started living a lot longer, and one of the main reasons for that is the use of medications, technology, and surgeries to prolong life and health. A longer life with more medical intervention also costs a lot more which is why Medicare is about 14% of the total federal budget and in 2018, ran up a $583 billion-dollar bill.
Read MoreWhat Does Life Insurance Do? – Types Of Life Insurance Explained
A life insurance policy takes care of people you care about. Life insurance is about transferring a risk to the insurance company in exchange for a premium payment.
Read MoreIs Your Retirement Portfolio Prepared to Withstand Risk?
As we get older, we tend to avoid risks. On today’s episode of Wise Money, Michael Andersen addresses how much risk you may or may not have in your investing strategy.
Read MoreDo I Need Life Insurance – Why You Need Life Insurance
Having a life insurance policy is dependent on your financial situation. If you are in your earning years and still accumulating your assets, you may want to consider a term…
Read MoreHow Much An Emergency Fund Should I Have
Where Are Long-term Versus Short-term Capital Gains? If you purchase something and sell it for a profit you’ve created a GAIN. The opposite creates a LOSS. A GAIN outside of…
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