NEW ORLEANS — CPA Kemberly Washington discusses the importance of life insurance. She said oftentimes people don't have life insurance. She said determining your need for life insurance depends on your personal situation. Watch the video for more information. https://www.wdsu.com/article/making-sure-you-have-the-right-life-insurance-policy/23873054 Keep up with local news, weather and current events with the WDSU app here. Sign up for our email newsletters to get … [Read more...] about Making sure you have the right life insurance policy
Term life insurance can protect retirement plan contributionsOct 2, 2018Some of the typical reasons for life insurance are to replace a breadwinner’s salary, pay off large debts, and pay estate taxes. Another reason to carry life insurance — if it’s the right kind — can be to fund a retirement plan.To illustrate, let’s imagine a couple, both 55, with two grown children, two good jobs, and no debts. They began funding their retirement only recently. Leigh’s entire salary of $124,000 a year goes … [Read more...] about Term life insurance can protect retirement plan contributions
Using Your Life Insurance to Help Pay for a Child’s CollegeA financial planning expert on how it can ease the tuition burdenBy Paul Kelash September 18, 2018Credit: Adobe StockNow that the fall semester at college has begun, many parents have the high cost of higher education tuition on their minds. Rising college bills, plus the cost of dorms, travel and books really adds up. If you have a child in high school or college, you may want to know about an unconventional and often … [Read more...] about Using Your Life Insurance to Help Pay for a Child’s College
Types of life insurance: Which plan is right for you?MATTHEW [email protected] 11, 2018 in INSURANCEWestend61/Getty ImagesThe two main types of life insurance are whole life and term life insurance. Knowing the differences between whole life and term life insurance can help you determine which is best for your life insurance plan.For some people, whole life might be the best solution. For other people that need to insure for a certain amount of time, term life insurance … [Read more...] about Types of life insurance: Which plan is right for you?
An executor is a person named in a will to carry out the wishes of the deceased person. It is typically the executor's responsibility to offer the will for probate, and funds cannot be disbursed without the approval of a probate judge. Click below for more.I am not an attorney. To set up a will currently contact an attorney.Click Here For Free QuotePhoto By kenteegardin … [Read more...] about What Is An Executor In A Will ~ The Final Piece
Image courtesy of NASA's Marshall Space Flight Center MICHELLE ANDREWS khn Genetic Testing Could Interfere With Your Ability To Get Life Insurance: Shots - Health News: NPR Taking a genetic test in your 20s or 30s could, indeed, affect your ability to get long-term-care insurance later — or at least the price you'll pay. And people who are considering enrolling in Medicare after age 65 would do well to read the fine print of the sign-up rules. Readers have insurance questions on … [Read more...] about Genetic Testing ~ Could It Cause You To Be Denied LTC Ins.?
Are You Properly Insured? Find out if you are adequately covered in these 3 types of policies AARP The Magazine ISTOCK Do You Still Need Life Insurance? When you were younger, you needed a way to sustain your spouse and children if you died, which can leave them in an economic mess. Term Life Insurance is normally the very best way to shield against that. Later on in life, nonetheless, the kids have actually left the nest, or even if you are still working, you have fewer years of … [Read more...] about Are You Properly Insured?
Has Your Countdown to Retirement Begun? By PETER FINCH The word retirement is a scary word for many of us. "Do I have enough?" "What if the market crashes and I lose my retirement funds?" Some of us are just plain fearful to open my "statement" because you don't want to see that number. With tahr being said, it's coming. below is an article by Peter Finch on some simple steps to help you prepare. For the majority of your working life, it had not been specifically a … [Read more...] about Has Your Countdown to Retirement Begun?
What happens to your Social Security payments when one spouse dies Image courtesy of frankieleon Could this happen to you or your parents? Read on. "I have actually searched the Net as well as found no response to my father's trouble. Mother just died, at 74. She earned $1,400 a month in Social Safety and security. Papa is 74 and obtains $1,200 a month. This was their only revenue as well as it barely covered their expenses. They have no savings." Currently, Social Security has told … [Read more...] about What happens to your Social Security payments when one spouse dies
Running out of tax-deferred investment options? What about this? What Are Annuities? Annuities could be made used to increase your savings, protect what you have saved, or provide a monthly income. Annuities usually come under two classifications: deferred and immediate. Each works differently and uses distinct advantages. Tax-deferred annuities: for retirement savings. Deferred annuities could be a great way to enhance your retirement cost savings as soon as you've made the … [Read more...] about Running out of tax-deferred investment options? What about this?