Wait! Don’t Cancel That Old Insurance Policy

Photo by Les Anderson on Unsplash

Years ago, when your kids were little and your mortgage was big, you probably bought some life insurance. If you had a friend or family member who worked for an insurance company, odds are good that it was a whole life policy. These policies often come with a hefty monthly premium that you are going to pay for… well, your whole life.

Today, however, life is different. Your kids have kids of their own and the mortgage has been paid. Your need for life insurance has gone away, but those hefty monthly insurance premiums; they are here to stay.

A question I am often asked is, “Should I cancel my old life insurance policy?”

September 21 is World Alzheimer’s Awareness Day

People worry about the financial aspects of retirement, but just as with the rest of your life, money may be the least of your concerns in retirement. Quality of life and your general well being likely take a much higher place on your priority list than the size of your investment account or what the stock market is doing.

September marks World Alzheimer’s Awareness Month. September 21 is World Alzheimer’s Awareness Day.

We all get older and our ability to live independently and manage our personal finances naturally declines as we age.  For some of us, however, these declines can be significant and well beyond the “normal” aging process.

Labor Day is Your Day

September 4th is Labor Day. The day in which we honor and celebrate America’s working class and their significant contribution to our nation’s economic success. Originally established in 1894 to honor the budding Labor Movement, today’s Labor Day is widely lauded as the grand finale to the carefree spirit of summer and the unofficial signal to “get back to work”.

Labor Day recognizes the social and economic contributions that over 158 million Americans make by going to work each day. It’s also an opportunity to remember the blood and sweat and sacrifice that went into improving work life for so many of us. Thankfully, very few Americans work the 12-hour days and 6-day weeks that were common a century ago, and our children can spend their time in school rather than in factories or fields.

Whether you are blue collar, white collar, a day laborer, entrepreneur, or internet mogul, if you go to work to produce goods and services that grow our economy, improve the quality of life for others or help make your community and the world a better place, this day is for you.

Your work is important. Thank you for what you do.

Gearing Up For An August Blog Break

There is nothing like a Minnesota summer vacation. It’s the one time of year when we Minnesotan’s can actually brag about our weather and enjoy living in MN to the fullest. Well, most days anyway.

Since many of my readers will be taking some last minute time off to enjoy what is left of summer (and perhaps not reading my blog posts), I though this would be a good time to take a short blog break before I get busy again in the fall.

So after over 180 consecutive blog posts I am announcing the first ever August Blog Break. Consider it a summer vacay from the blog.

Not to worry. The blog break is very temporary. Just a few short weeks before I am back with a ton of new content to help readers pay less for college, maximize retirement income and cross the bridge to a confident retirement.

In the meantime, go to the lake! Ride your bike! Catch some fish! Eat ice cream! Hang out at the State Fair! Sleep under the stars!

Do whatever it takes to make the most of the rest of your summer because once Labor Day comes and goes, it’s back to work.

For those who really must get their weekly fix of The Bridge I will re-post some of the my most popular blog posts of the last four years. If you are a new subscriber, this new-to-you content may be just what you need to get up to speed with your personal finances. Long-time subscribers and clients may benefit from a quick review as well.

Look for my next original blog post on September 6th.


Independence Day? How About Independence Week?!

My greatest passions – when I am not hard at work for my clients, that is – are fishing, traveling and photography. Put them together and I am ALL my glory.

This week my family and I will be celebrating Independence Day Week in Sun Valley, Idaho, where my youngest daughter is attending a figure skating camp. I am told the scenery is spectacular, the rivers are loaded with ginormous fish, and they have an awesome fireworks display on the 4th of July!

If I can put down the fishing rod long enough, I hope to get some great fireworks photos this year. In the past, however, fireworks photos have been a real challenge for me.

For some tips I checked out this great article on fireworks photos from Digital Photography School. I thought you might find it helpful as well.

Whatever you are doing this week, I hope you are doing what you love with the people you love. I know I will be.

Isn’t that what this country is all about?

Happy July 4th!