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2022 Personal Finance Year in Review

Money Talk

Last month, I presented my eighth annual (2022) Personal Finance Year in Review webinar for OneOp. Insurance- Auto insurance premiums increased due to increased cost of repairs (labor), replacement parts, and car rentals and life insurance sales increased amid COVID fears. in June 2022, and stood at 7.1%

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The pros and cons of term life insurance vs. permanent life insurance

Higginbotham

One of the first and most important responsibilities embraced by every breadwinner is life insurance. Should they lose your support, life insurance will immediately pay your beneficiary the cash value of the life insurance policy, with no taxes owed, providing a lifeline to resolve debts and pay living expenses.

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Keep Track of Your Beneficiaries

Money Talk

Who is going to get what you someday leave behind in life insurance policies and/or tax-deferred retirement accounts? Beneficiary Use- Beneficiary designations are required for life insurance policies, individual retirement accounts (IRAs), employer retirement savings plans (e.g.,

401(k) 229
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I have group life insurance through work. Is it enough?

Take It Personel-ly

Employer-sponsored life insurance comes as a well-intentioned perk for loyal employees. Getting covered through work is a less expensive way to protect your family, especially when you need life insurance but haven’t shopped around for one yet. On the […].

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Annuity Myths and Facts

Money Talk

An annuity is a contract between an investor and a life insurance company. Annuities are sold by insurance agents, stock brokers, and other financial advisors. To convert life insurance policy cash value into income and stop making premium payments, 3. For a guaranteed lifetime income stream, and 4.

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Building Generational Wealth

Money Talk

Transfers are often made through lifetime gifts and inheritances received by younger generations via wills, trusts, and beneficiary designations on life insurance and retirement savings accounts. Example: my grandparents, parents, and me. It can also occur by teaching younger generations “how to fish” to create their own wealth.

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How Choosing The Right Life Insurance Policy Can Help Protect The Future Of Your Loved Ones

Take It Personel-ly

Life insurance is something that we all at a certain age are bound to give some serious thought to. Life is fragile and finite. But your family heritage and legacy will continue on even after death through your children and grandchildren. At a certain age it is not your future that you are concerned about […].