As is probably well-understood, one of the most valuable benefits of life insurance is income replacement should the breadwinner(s) in a family unexpectedly pass away. For this reason alone, just about everyone supporting a family should have some amount and some type of life insurance during their working years. It’s less clear, however, whether or…
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At a speech in Washington a few weeks ago Federal Reserve Chair Janet Yellen declared that a large number of American families are “extraordinarily vulnerable” to financial setbacks because they have few assets to fall back on. To them, a financial crisis is a month or two without a paycheck. By contrast, she went on…
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Cognizant Wealth Advisors occasionally publishes guest blogs on our site. Today’s guest blog was written by Allen Hamm, president of Superior LTC, a company that helps people plan for long-term care. He can be reached at 800-400-0577 or at info@superiorltc.com. Note that any opinions expressed in this article do not necessarily reflect the opinions or…
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Annuities have been getting some bad press in the financial planning community. Financial planners tend to denigrate them due to their cost – “They have way too many fees, many of them hidden” – or due to the fact that they are not hedged against inflation, effectively reducing their usefulness at exactly the time (later…
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Dr. Horace “Woody” Brock is an author and economist, and the founder and president of Strategic Economic Decisions, an economic think tank. He believes the growth of “bubbles”– such as the real estate bubble that had such a devastating effect on world economies in 2008 – can easily be controlled. In a recent interview with…
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According to a recent survey from UBS Wealth Management Americas, long-term care is investors’ greatest personal financial concern. Donald Jay Korn in On Wall Street (a SourceMedia publication for the financial services industry) reports that more respondents were “highly worried” about “being able to afford healthcare and the support I need in my old age”…
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