In considering how the new tax law affects your finances, the author of today’s article advises not to neglect its potential impact on your life insurance, noting that the “Tax Cuts and Jobs Act made significant changes that impact the use of life insurance as an estate protection vehicle and modified the tax ramifications of selling a life insurance policy…
With a few exceptions (e.g. collectibles, life insurance), you can own pretty much anything in an individual retirement account, from real estate and precious metals to farming interests and church bonds. And with concerns that the stock market is overvalued (and rising interest rates affecting bond prices), nontraditional assets – with their juicy return potential and diversification benefits – may…
When it comes to two insurance products that might appear attractive to retirees in this low interest rate environment, today’s article cautions that prospective buyers should look carefully before leaping into these complicated investments. The two products at issue? Indexed annuities and indexed universal life insurance. Here’s what one advisor cited in the article has to say: “With indexed annuities…
When it comes to traditional long-term care insurance, the author of today’s article acknowledges that “for the typical retired couple in the United States, $3,200 a year is a meaningful expense. Especially when they are paying for something that they might never use.” As such, he provides an overview of how the insurance industry has changed over the last several…