Veterans Day 2017

World War I officially ended at “the eleventh hour, of the eleventh day, of the eleventh month” in 1918. A year later, Woodrow Wilson proclaimed November 11th to be “Armistice Day”.

Congress declared November 11th to be “Veterans Day” in 1954. Since then, we’ve taken this day to recognize and honor all military veterans, both living and dead, who have honorably served in the U.S. Armed Forces.

If you are a military veteran, thank you for your service.

Improve Your Cyber Self-Defense With Stronger Passwords

5 steps to creating stronger passwords

Photo by Glenn Carstens-Peters on Unsplash

Prior to the Equifax breach, I admit to being lax in my personal cybersecurity. In my defense, it wasn’t so much that I was careless, I was just naïve to the risks that we face in our digital world.

Sure, I used passwords and followed all the basic rules. I assumed that big companies, the government and other stewards of my personal data, kept it secure in a way that I could count on.

In the past, that may have been enough, but after the recent Equifax breach, I decided to take a much more proactive approach to protecting my family’s personal information and reducing the risk of more serious problems down the road.

Your passwords – how you create them, how you manage them and how often you update them – are at the core of a strong cyber self-defense plan.

What Are Your Chances of Winning An Athletic Scholarship?

 

Photo by chelsea ferenando on Unsplash

The MN Lynx recently won their fourth WNBA title. Way to go ladies! No doubt, most of these talented athletes played basketball in college. I am sure quite a few of them also received scholarship money, maybe even so-called “full rides”, to play their sport at the college level and help fund their education.
If you are the parent of a young student-athlete you may be wondering if your child could qualify for an athletic scholarship to help pay for college.

In the free guide, My Favorite College Planning Tools and Resources, which can be downloaded from my website, I share several of my best resources for parents who want to pay less for their kids’ college education. One of my favorites is Scholarshipstats.com

What To Do With An Old Life Insurance Policy You No Longer Need

Photo by Helloquence on Unsplash

When you were younger, a life insurance policy with a large death benefit made sense. You had a mortgage. Mouths to feed. Bills to pay. The loss of the primary breadwinner would have been devastating to your family’s financial security.

Today, things are different. The mortgage has been paid, the kids can support themselves, and your financial situation has never been brighter.

In these situations, clients often ask me what they should do with an old life insurance policy they no longer need. Often, it’s a whole life or universal life policy that has considerable cash value and requires a hefty monthly premium that seems to go on forever.

In my last post, I had cautionary guidance: “Are you absolutely, 100% sure you really, really don’t need your old life insurance policy any more?”

If you answered, “Yes!” to that question, then there are at least 7 things you could do to with that old cash value life insurance policy.

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?”