Archive : Family Financial Planning

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It’s Not Your Grandfather’s Life Insurance – or is it?

It’s Not Your Grandfather’s Life Insurance – or is it?

Yes, things change, but life insurance is still all about mitigating risk. In some ways the history of life insurance in America has come full circle. In the early decades of the 20th century — almost 100 years ago — wage earners, the vast majority of them men, bought life insurance to protect their families from the dangers they encountered on the job. In those days people did their best to create their own safety nets; life insurance was not a regular benefit provided by employers. As employment benefits expanded, life insurance — usually one or two times annual salary — became part of a typical employment package. In most cases, employees could buy additional life insurance coverage through their job’s benefits department.
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Planning for Retirement Is Like Rocket Science – Detours to Financial Security

Planning for Retirement Is Like Rocket Science – Detours to Financial Security

Last year when Opportunity (the latest Mars Rover) landed, it was fascinating to watch the mission control scientists at work, fingers flying over their keyboards, intensely watching their monitors as minute adjustments were made. You could feel the tension in the room through the TV screen. And then cheers broke out. The spacecraft had found its target; the project was a success. So how is this like planning for retirement? Well, many of those scientists were monitoring and making constant course corrections for the landing craft that held Opportunity. Guiding that ship to its target through time and space was not just a lock ‘n’ load calculation made before the rocket launched from Earth. The possibilities for variables were endless: wind on takeoff, greater gravitational pull from the moon, hiccups in the onboard power supply. You name it.
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Providing for an Adult Disabled Dependent / Part One – Financial and Estate Planning Is Key

Providing for an Adult Disabled Dependent / Part One – Financial and Estate Planning Is Key

According to the U.S. Census, as of 2005, almost 20% of the country’s population is disabled to one degree or another. These disabilities range from mild to catastrophic. In many cases, disabilities — including mobility and cognitive — can be accommodated. Disabled people routinely participate in everyday activities like driving a car, working and independent living. In other situations, however, that is not the case.
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