We’ll take a little break from all bailout all the time to answer a reader question:
Three years ago my husband and I were talked into purchasing permanent life insurance policies as a means to eventually supplement our retirement.  This was in addition to my husband’s 401k but at the time was my only contribution to retirement of any kind.  We are both 33 now and my question is was this a really bad decision?  What is your opinion of using your cash surrender value for retirement? Should we get out while we can and put the money in our IRA …read more

Yesterday, I wrote about the importance of having life insurance. And, probably, many of us have life insurance. But how many of us have thought about disability insurance?
I have from time to time, but I haven’t got it yet. However, I’m beginning to think that it might be a good idea. What if I get into a car accident and bust up my arms or hands so that I can’t type for weeks (or even months)? There goes 75% – 80% of our household income. And while having a good emergency fund would ease the situation, disability insurance would help …read more

When engaging in financial planning, it is important to remember the life insurance. And, the earlier you get it, the less expensive it is. So, if you are young — and even if you are unmarried — it might not be a bad idea to get some life insurance now. Unless you don’t ever plan on having a family that might depend on you.
The fact of the matter is that life insurance is designed to help provide for the people who are left behind should something happen to you. And these economic times, I can’t stress enough how important it …read more