Retirement Watch highlights how to choose and manage insurance options courtesy of guru Bob Carlson
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The airwaves are full of ads for lower auto insurance costs. But the commercials don’t tell you even half the story. Unfortunately, few people do their auto insurance correctly. There are many ways to cut your auto premiums without putting yourself at risk. This is especially good news for older Americans. Those premium reductions you […]
One estate tax shelter untouched by the government over the years is the irrevocable life insurance trust. At various times the IRS has tried to shut down this valuable tool, but the courts and Congress kept the structure intact. The purpose of an irrevocable life insurance trust is to exclude insurance benefits from the taxable […]
What should you do with that cash value life insurance policy you no longer need? Many of you have old cash value policies that aren’t doing you any good. Perhaps you bought them years ago when your insurance needs were much higher. Your insurance needs changed, because of increased wealth, divorce, or a spouse’s death. […]
Following rules of thumb can be dangerous to your wealth. Yet rules of thumb are the way many people decide how much life insurance to purchase. That’s why most people have either too much or too little life insurance. It’s one of the major financial mistakes. Buy too much life insurance, and you are wasting […]
In my new Retirement Watch Spotlight Series, I’ll share my newest breakthrough strategies for protecting your assets and growing your portfolio, including how to prepare for the next market downturn. Click here now to learn more.
Many of you own annuities or cash value life insurance that no longer fit your needs. They were good ideas when you bought them. But times have changed, and so have your needs. Fortunately, there are strategies you can use to enhance the value of these policies to you. Let’s look at a creative strategy […]
Insurance mistakes can be among the most expensive financial mistakes. Own too much insurance or the wrong insurance, and each year you’ll pay hundreds or thousands of dollars in premiums that don’t do you much good. Own too little insurance, and you could end up paying for losses that easily and cheaply could have been […]
There’s a big down-side to the boom in stocks and other financial assets. When the value of the assets you own goes up, so do potential estate and gift taxes. If you don’t take action, the IRS could end up with more of your estate than your loved ones. One easy way to handle the […]
You’ve probably seen the promotions for those tax-free “investments” that give a 10 to 1 return on your money. When you get past the initial pitch, you find that the investment is a life insurance policy that pays off for your heirs, not you. As part of the promotions, you’ll learn that the best way […]