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?”

How To Protect Yourself From The Equifax Hack

Photo credit: Markus Spiske. Unsplash.com

By now you have heard about the Equifax security breach. Perhaps you are wondering if your social security number, birthdate, driver’s license and other personal data have been stolen. You may have even gone to the Equifax website to see if your information has been affected. If not, you can do so by clicking here.

Or I can save you the trouble: Just assume your personal info has been affected by this breach. With the personal data of 143 million Americans at risk, it’s pretty safe to assume that you, your spouse or your kids have been affected by this.

The real question isn’t “has your personal information has been hacked?”. It’s “what are you going to do about it?”.

Below are three steps you can take to help protect yourself from the Equifax hack and others like it. 

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.

Why Women Should March Towards Financial Independence

Abigail Adams statue, Boston. Photo credit: bostonzest.com

Abigail Adams statue, Boston, Mass. Photo credit: bostonzest.com

March is women’s history month. More than a century before women were given the right to vote, Abigail Adams became one of the first major female investors in American history. America’s second First Lady, she managed the family finances and did so quite well, accumulating a sizable estate through bond trading and other shrewd investments.