Financial Horror Story:  The Life Insurance Scam

Bernie Madoff ripped off his clients by lying to them. He claimed that they were getting tremendous returns, but rather he was blowing all of their money and making false financial statements. Other financial scammers don’t need to lie to rip you off. Instead these con artists use legal financial products, good sales skills, and a trustworthy victim. Thankfully a client of mine was smart … Continue reading Financial Horror Story:  The Life Insurance Scam

Converting Your Insurance Policy to a Roth IRA at Retirement

It should come as no surprise that I hate life insurance in retirement. Unless, you are a business owner, have a large taxable estate (unlikely now a days), or have a special needs child, life insurance is just not necessary in retirement. Yet, one of the most popular questions I get is, “What do I do with this whole life insurance policy when I retire?” … Continue reading Converting Your Insurance Policy to a Roth IRA at Retirement

Do I Need Life Insurance in Retirement?

First, I have to admit, I have a bias.  I hate life insurance.  Whole life,  universal life, annuities, you name it, I’m not a fan.  So, maybe I’m not the person you should be getting insurance advice.  Or, maybe I’m the best person because unlike your insurance agent, I’m not trying to sell you anything.  Sure, I’m fine with a good boring term insurance policy … Continue reading Do I Need Life Insurance in Retirement?