What does asset allocation mean?What is the difference between a retirement plan and investing?What are the key pieces to a retirement plan?Who should consider a personal umbrella policy?When should I purchase long term care insurance?
Asset allocation is a term used to refer to how an investor distributes his or her investments among various vehicles (stocks, bonds, mutual funds).Read more
A retirement plan refers to the arrangements you make during your life time to plan for a steady income during your retirement. Investing can be part of that retirement plan, and is a term relating to saving and earning additional income usually through purchasing assets (stocks, bonds and mutual funds), in hopes of getting a…Read more
The first piece is to finding the person you are comfortable with who can help you develop your financial strategies and determine what is appropriate for you given factors such as your age, and appetite for risk. You then need to look at several key parts of your plan to protect your life, your investments,…Read more
Anyone with substantial assets Anyone with high income, either now or anticipated in the future Public office holders (Selectman, Mayor, City Councilor, State Rep…) People with a "high" profile in the community People with a visible occupation (attorneys, doctors, accountants…) People with a high position at their place of work (President, CEO, CFO…) Normal family…Read more
The optimum age for purchasing long term care insurance is between the ages of 45 and 50 because this is the age when you will get the most value for your premium dollar. Most people don't think about purchasing the coverage until they are in their 60's. Although you can still obtain coverage at that…Read more