Home >Articles

Category: Insurance

Fixed Index Annuities: Understanding the Drawbacks

Imagine an investment with the stock market’s upside potential, but the downside protection of a bank CD. You can gain but not lose. Interested? That’s the marketing angle of the fixed index annuity (FIA), an
Continue Reading

Healthcare-Sharing Ministries and Medicare

In response to our November-issue article Bridging the Gap: Covering What Medicare Doesn’t Pay, a reader asked for a follow-up piece on “using a Christian health sharing plan as a supplement to Medicare.” We’re happy to
Continue Reading

Bridging the Gap: Covering What Medicare Doesn’t Pay

Many people assume Medicare pays for all medical expenses of America’s seniors. That isn’t the case and never has been. The program — modified only slightly since being launched more than a half-century ago in 1965 — was
Continue Reading

Getting in Shape in 2017 With a ‘Fiscal Health Day’

Several years ago, when New York Times personal-finance writer Ron Lieber was furloughed for a few days, he responded in true personal-finance expert fashion. By devoting one of his unpaid days off to taking care of a list
Continue Reading

If You Become Disabled, Is Your Income Protected?

Disability insurance may seem like just one more layer of protection you don’t really want to pay for. However, as when considering all forms of insurance, it’s wise to ask yourself, “What if?” In this case, what if you
Continue Reading

Do You Need Rental-Car Insurance?

With the summer vacation season around the corner, soon you may find yourself standing at a rental-car counter engaged in a potentially awkward conversation about insurance coverage. The rental-car agent may tell you there
Continue Reading

Do You Need Umbrella Liability Insurance?

Start investigating the subject of “umbrella” liability insurance and it won’t be long before you hear this phrase: “It’s only a couple hundred dollars per year for $1 million of coverage.” While it may sound like you get
Continue Reading

How Much Do You Pay for Healthcare?

I’m in the midst of revising our Recommended Cash Flow Guidelines, moving the recommended amounts for housing downward and the recommended amounts for saving upward (more on these changes in a future blog post), among
Continue Reading

Nearing Retirement? Look Carefully Before You Leap into Annuities

Those nearing retirement are faced with a high-stakes decision. In the event you have a company pension, should you take it in monthly payments for life or in a lump sum? If you take the lump sum, how do you invest those
Continue Reading

Insurance Insights: Choosing Between Term and Whole Life

Having sold hundreds of whole-life (or cash value) policies in my career, I’m familiar with the arguments in their favor. This is the story of how I moved from whole-life enthusiast to skeptic. When I began my career in
Continue Reading