24 June 2014 0 Comments

Misconceptions About Life Insurance (Part 3)

This continues my summary of the most common misconceptions about life insurance. Buying Term Insurance is like throwing your money down a rat hole. It’s true that only the insurance company wins if you buy term insurance and don’t die prior to the end of the term.  Likewise, if you buy fire insurance on your [...]

21 January 2013 0 Comments

Estate Tax Revisited

Federal Estate Tax is not going away.  With the 2013 tax cliff legislation, rates have been set at 40% (up from 35%) for amounts in excess of an exclusion amount of $5,120,000 per person ($10,240,000 for a married couple). Those whose estates exceed this threshold will be back to the drawing board, completing an estate [...]