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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
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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
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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
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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
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Healthcare-Sharing Ministries: A Christian Alternative to Health Insurance

Say what you will about the Affordable Care Act (ACA), one thing is certain: it is significantly changing how health-care is paid for. One example of this can be found in the small, but fast-growing, segment of the
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Medicare Users: It’s Time for Your Annual Coverage Check-Up

If you're a Medicare user, now is the time to consider whether you'd like to make any changes to your coverage. Medicare's "Annual Coordinated Election" (open enrollment) period is coming up October 15 through December 7.
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Insights From 30 Years in the Life Insurance Business

[Editor's note: Insurance topics normally fit within the scope of our Level 1 "Strengthening Your Foundation" focus. However, in this case we wanted to be sure to grab the attention of those age 50+, who often have the
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Could You Pass a Personal Financial Stress Test?

For most of us, the Oct. 1 partial shutdown of the federal government started out as just a news story to be followed. But for the roughly 800,000 federal employees furloughed (initially without pay), it was more than
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Making Sense of the Annuity Puzzle

In the old days, "defined-benefit" pension plans were common. You could work for a company for 30 years and retire with 60% of your salary, often with inflation increases and lifetime healthcare benefits to boot. Today,
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Long-Term Care Insurance: To Buy or Not to Buy

Much has been written about long-term care insurance, and yet much confusion remains. Those who recommend the coverage are quick to rattle off scary statistics and stories of financial ruin among people who chose to go
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