In my role as a financial planner, I hear a lot of stories, but by far the most appalling and upsetting are those having to do with life insurance. All too often, insurance salesmen leave clients with policies that are simultaneously overpriced, inadequate and inappropriate. Life insurance is a big [...]
Four (questionable) rules of thumb
Recently I heard someone cite the old expression, “a penny saved is a penny earned.” It's hard to argue with the logic of this straightforward idea. But, as you think through more involved financial questions, I think you'll want to be careful with simple rules of thumb. Below I will address four [...]
