|
Smart financial planning involves taking the time to make sure that the family’s assets are maximized to their fullest extent and protected. One of the ways that you can make sure that your family is protected in the event of an emergency is by purchasing a life insurance policy. Life insurance will provide coverage and help to prevent financial hardship for the surviving family members. Let’s take a look at the Continue reading The Difference Between Whole and Term Life Insurance For some people, it’s tough letting go. Of anything. Take my wife, for instance; she saves everything. The other day the Honeybee showed me her baseball ticket from our very first date way back on September 24, 1995. And if I ever feel oddly compelled to scrutinize the birthday card I received from my mother-in-law in 1998, I can rest easy knowing that the Honeybee has it dutifully stored upstairs in our Continue reading Year of the (Pack) Rat: 13 Vital Items to Keep in a Fireproof Safe Everyday, people lose their jobs, become seriously ill, and suffer other hardships that strain their household finances. Even so, a sobering study by State Farm found that 55 percent of those surveyed don’t have a back-up plan for weathering a long-term financial crisis that may occur due to unexpected circumstances. I have three back-up plans: a) adequate life, health, home and auto insurance; b) an emergency fund with six months Continue reading 100 Words On: The Importance of Having a Financial Back-Up Plan The key difference between term and whole life insurance is simple. Term life pays the face amount of the policy in the event of your death, while whole life combines a term policy with an added investment component. Yes, whole life may sound like a better deal — the trouble is it’s the least cost-effective option because you end up paying for both the insurance and investment components. The bottom Continue reading 100 Words On: The Trouble With Whole Life Insurance (vs. Term) The conventional wisdom out there is that it’s rarely advantageous to consider an extended warranty unless it’s for an automobile. Don’t believe it. The truth is, when it comes to extended warranties, things aren’t always quite so black and white. For example, it often makes sense to buy extended warranties for irreplaceable or low-reliability products. Likewise, they’re often a good idea for items that you know may be mishandled Continue reading 100 Words On: Why Extended Warranties Sometimes Do Make Sense It’s been said that if the palm of your right hand itches, you’ll soon be coming into money. On the other hand (seriously, no pun intended), it’s also been said that if your left palm itches you’ll soon be paying out money. Don’t laugh. There are folks out there who actually believe this stuff. What is funny though is if you do an internet search, you’ll find there is no consensus at Continue reading 10 Old Wives’ Tales Masquerading As Financial Rules of Thumb by Gayle B. Tate Flickr Photo Credit: robin.elaine When Marvin Gaspar came to my office for his appointment to discuss an appraisal, I had little clue where I would end up on the roller coaster ride he was about to take me on. Marvin was a claims adjuster from an insurance company who was asking about appraising an artwork. He showed me a few photographs of a Miró (Joan Miró – Spanish, Continue reading 5 Key Tips to Consider Before Deciding to Buy Art Insurance At least I’m calling it a windfall. Let me explain. You see, if I leave a twenty dollar bill in a winter jacket only to rediscover it after it has been hanging in the closet for nine months, that’s a windfall. Now I can hear a lot of you out there already. That’s not a windfall, you schmuck, that’s just dumb luck. Oh sure, you’ll say I didn’t gain any additional money that Continue reading How Being Absentminded Resulted In A $2750 Year-End Windfall A couple weeks ago I told you about my adventures in getting a set of four new tires for my 1997 Honda Civic and why buying extended warranties for tires is a waste of money. Of course, the conventional wisdom out there is that it is virtually never advantageous to get an extended warranty for anything, which I believe is a bit extreme. Experts like Dave Ramsey, for example, tell their Continue reading Should I or Shouldn’t I? The Definitive Extended Warranty Litmus Test |
 Loading ...
|
|
|
Copyright © 2013 Len Penzo dot Com - All Rights Reserved 
|
||
via Email
Is LifeLock and Its $1 Million Guarantee A Sham?
By now, most everybody has heard or seen the ubiquitous ads by LifeLock where its founder and chief executive officer, Todd Davis, intimates the impenetrable fortress-like quality of his identity theft protection service by brazenly giving out his social security number (457-55-5462).
In one TV advertisement he even says, “If anything happens for any reason while you’re a client of LifeLock, we will cover all losses and all expenses up to
Continue reading Is LifeLock and Its $1 Million Guarantee A Sham?