Life changes quickly, so Have A Plan
My mother lived with me for the last five years of her life. We closed in our garage and created an accessible, comfortable living space for her. I worked, and her health needs necessitated 24-hour care.
My mother lived with me for the last five years of her life. We closed in our garage and created an accessible, comfortable living space for her. I worked, and her health needs necessitated 24-hour care.
In this space, I previously have listed the reasons I believe everyone needs life insurance. This time, I want to remain on the life insurance theme and talk to those of you who already have life insurance, of any kind, about why you should review and update your policy and coverage.
Do you start your day early? Many well-known people like the CEO of Apple and Starbucks, get up at 4 am. Every one of these folks chooses different activities. Some work out, catch up on email, or meditate. But, they are all trying to escape interruptions.
I often find the misconception among unmarried people and those without children that they do not need life insurance. That could not be further from the truth. With the policies available these days, life insurance is about much more than simply providing a death benefit for those you leave behind. Here are some of the reasons why I believe everyone, young or old, married or single, should have life insurance.
Imagine you’re trying to choose a company you can trust to provide a service in your home. You do a web search and check a few sites, but the information each business provides is no different than any other: It’s generic and bland. You struggle to choose. If one stood out with personality, detail, emotion, and usefulness, wouldn’t you be eager to call?
A TFRA is a retirement savings plan that works similarly to a Roth IRA. You pay taxes on the money going into the plan, and the growth on your money is not taxed. However, unlike a Roth, a TFRA does not have Internal Revenue Service-regulated restriction on how or when you take money from your account.