Here is an explanation of 529 plans to fund college educations taken from a well-respected college planning firm. Review this accurate treatment, then allow me to add my perspective: Offered by states and some educational institutions, 529 plans let you save up...
Experts think that any of us living today, who reaches age 65, healthy and vibrant, will easily make it to age 100. Whoa! That will change things financially, to say the least. In the “old days,” between 1960 and 1980, people who reached retirement age...
Just recently, the CEO of United Services and Trust Corporation, L. Carlos Lara, wrote an article and shared his research on the current liquidity of life insurance companies: http://partners4prosperity.com/liquidity-of-life-insurance-industry. He reviewed the balance...
At the end of my last post called “Stop Saving Into a 401(k),” I promised to share options to save for retirement that could trump a 401(k) to provide, tax-free, vibrant funds. Here’s how to do it… Create a savings account using a “High...
If you purchased a specific “High Early Cash Value” kind of whole life policy from Mass Mutual, for example, all your premiums will be saved as cash values inside the policy. For example, if you were to deposit a premium of $12,000 a year into this life insurance...
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