Should you sell your life insurance policy? It all depends on your situation. You might (or might not) have the option with your policy, and it may (or may not) make good sense to sell it.
Even high-profile individuals are selling policies, although the transactions are completely private. In one case, however, the family’s financial troubles had become public, as well as the solutions they sought.
Ed McMahon, the former co-host to Johnny Carson on The Tonight Show, was a generous celebrity. Gifted with an optimistic personality, a hearty laugh, and decades of career success, McMahon lacked budgeting and financial skills. McMahon lost his health in 2007, then nearly lost his home to foreclosure in 2008 before passing away in 2009 at the age of 86.
According to CNBC.com, he had defaulted on a $4.8 million dollar mortgage to Countrywide. Apparently, not even a celebrity like himself was immune from the foreclosure crisis. In 2008, McMahon appeared on Larry King in a neck brace—the result of a fall that had kept him from working—and addressed the widely-reported news. “If you spend more money than you make, you know what happens.”
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The holidays are a time for goodwill, meaningful celebrations, and time with the ones you love. Unfortunately, it’s also a time when some people spend more than they intend, often racking up credit card debt or depleting savings. In this article, we’ll examine holiday spending trends for 2018 to get the “what, who, where, and how much” of holiday shopping. Next, we’ll consider smart holiday spending tips to stay on budget and reduce the impact of seasonal shopping. After all—‘tis the season for peace and joy—not stress and regret!
If you could cultivate one simple habit that can improve nearly every area of your life, would you do it? Gratitude is such a habit, one that impacts your happiness, lowers stress, improves measurable health markers, enriches relationships, and even has a positive effect on business and career. Gratitude and success in life go hand in hand. There is a lot to be grateful for when it comes to gratitude!
As an alternative investment, life settlement funds are gaining popularity with those seeking investment alternatives outside of the stock market. This is no surprise. After all—most retirement plans and 401(k) accounts rely on stock market speculation for gains. As investors grow increasingly wary of stocks running out of steam after a nearly decade-long rally, they are seeking alternatives. In this article, we will look at three ways a life settlement fund can help seniors retire with more money in their pockets.
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Boo! Halloween can be fun if you enjoy dressing up or seeing others dress up. It’s also a season when some people like to “scare themselves” with scary costumes, movies, Stephen King novels and haunted houses!
Two weeks ago, we gave an overview of ways you can reduce your taxes, including some great advice from our friend, tax expert and author Tom Wheelwright. You’ll find that post here: “
