1) Five things to know about Fixed Annuities.
2) Are you thinking about prepaying your mortgage? Consider the families and businesses in the Panhandle when the hurricanes hit last summer. For many of the inhabitants their largest asset was the equity in their house. It is estimated the losses are in the billions, and much of it was uninsured or under-insured. Personal emergency response is about cash flow when disaster hits. You can call it “weathering the storm with cash on-hand.”
3 Hurricane season is just around the corner, and it will affect many Americans. Access to cash is critical, and you might need additional money to survive the disaster. It is important to set-up an equity line of credit on your house prior to hurricane warnings. You need to secure it when you don’t need the money and the skies are clear. The cost to arrange an equity line of credit is usually minimal.
4) Life Insurance is not just for the working spouse! One should consider insuring the non-working spouse, especially if young children are involved. There is significant cost and time in raising children that will need to be replaced. Life Insurance helps mitigate that cost. The surviving spouse could also lose the retirement Social Security benefit of the non-working spouse.
5) Money is both a scarcity and a resource. How we handle it determines how much we control it. In many ways, the quality of our lives is determined by our access to money, and capital. It is more important than rate of return. Understanding how it works helps create income from it, and retain liquidity, use, and control of it. The better our grip is on this resource the more likely we will have a more peaceful life and retirement.
6) Tax Terms
Recommendation: Secure an advisor, understand these concepts, and let him or her guide you to a worry free and successful retirement!