Comments for Evolution of Wealth

Comment on Defining Financial Planning by Moneyedup

Moneyedup — Mon, 30 Aug 2010 00:47:23 +0000

Your definition is very straightforward. Maximizing choice and minimizing risk and loss is really what financial planning is all about. Maximizing choice is all about opening up options for jobs for me, as in getting more education and training. Whatever your financial planning goals, I think it will always come down to maximizing choice in the end.
Moneyedup´s last blog ..Billionaire Profile- Edward Lampert

Comment on Response to Term vs Whole Life Insurance by Matt Spencer

Matt Spencer — Sun, 22 Aug 2010 20:50:07 +0000

EOW- thanks for your posts.
It’s a good possibility I’m a rep. with the company you’ve used in your illustration. I’m glad you also explained the difference between direct and non-direct recognition mutual companies. I’ve recently encountered a dispute with a Primerica rep via Facebook. It all started with recommending my company as a career alternative. Bad Idea. He proceeds to post several false comments I supposedly made on his facebook wall. He has mentioned my name and company. I’ve also seen a George Boelcke, author of “it’s your money” preparing to use the conversation on his Wednesday radio show. First, none of the comments he posted are true. Due to the high amount of regulations and compliance I am obligated to follow, I make no mention to product type or hand out insurance advice via facebook.
I’m sure your adversary citishark is connected to Primerica as well. So I commiserate with you in dealing with these classless, unprofessionals who are “KoolAid” induced. Probably caused by all the strobe lights at their conventions.

Comment on Universal Life Failure Part II by danthony

danthony — Tue, 17 Aug 2010 22:47:03 +0000

25 years ago my brother purchased a UL policy for my mother. After reading your articles, we experienced exact problems outlined. However, my mother turned 95 years old this year. Earlier this month my brother received a letter with a check for $78.00 stating that the policy was cancelled as requested. How are we to bury my mother with $78.00? Do we have any recourse in this matter? We are all senior citizens and retired living on fixed incomes.

Comment on The Corporation by Personal Finance Roundup: Where to Find Coupon Codes to Save On Online Shopping

Personal Finance Roundup: Where to Find Coupon Codes to Save On Online Shopping — Sun, 15 Aug 2010 21:56:30 +0000

[...] The Corporation. Ever wonder about the point of incorporating? Check out some of the key advantages and disadvantages in this education posts about the corporation. [Evolution of Wealth] [...]

Comment on Search for Instant Gratification by Moneyedup

Moneyedup — Sun, 15 Aug 2010 18:06:53 +0000

To add on to your comparison, I would add credit cards to the list of quick fixes. People take diet pills regularly for a quick fix and to be able to eat whatever they want. People use credit cards sometimes to buy whatever they want even if they can’t pay for it. Great article!

Comment on 5 More Ways Group Disability Insurance Disappoints by Roger Wohlner

Roger Wohlner — Thu, 12 Aug 2010 16:11:40 +0000

Good post and some excellent comments. One additional issue with a group policy and even with some policies purchased in the open market is the definition of disability. The best definition here is the most narrow in that if you were unable to perform your own narrowly defined occupation then the policy would pay. People need to understand the definition of disability or otherwise they might find themselves forced to take a job “flipping burgers” or the like in order to collect a partial benefit.

As you mentioned group policies are limited to employment income. I’ve worked with clients who are executives and this can be a real issue. In one case the policy covered 60% of his base salary. This particular executive typically earned a significant portion of his income from bonuses and grants of stock options and restricted shares. This additional income would not have been covered and could really have put this executive in a tough spot. A solution here is to look at an outside policy to supplement the group policy.
Roger Wohlner´s last blog ..Target Date Funds-A No Brainer

Comment on Why Your Finanical Planner is Like a Buffet by Moneyedup

Moneyedup — Fri, 30 Jul 2010 01:43:30 +0000

I really wouldn’t want my financial planner to be like a buffet. Like you said, you go to a buffet to eat a lot of food, but it won’t be the highest quality food out there unless it is a really expensive buffet. I would prefer a financial planner who specializes in one part of the trade and does one specific thing really well. This was a really good analogy.
Moneyedup´s last blog ..Blackberry Financial Apps

Comment on Yakezie Challenge Link Rodeo – Special Midweek Edition by Tom @ Canadian Finance Blog

Tom @ Canadian Finance Blog — Mon, 26 Jul 2010 15:31:05 +0000

Yee-haw! Now that’s a rodeo!

Thanks for putting in all this effort and thanks for including me!
Tom @ Canadian Finance Blog´s last blog ..Mintcom Has Added Canadian Banks

Comment on Yakezie Challenge Link Rodeo – Special Midweek Edition by Linkworthy: Cash, Condoms and Apple Options | Personal Finance Firewall

Linkworthy: Cash, Condoms and Apple Options | Personal Finance Firewall — Mon, 26 Jul 2010 00:33:00 +0000

[...] least, a couple other places that mentioned Pf Firewall:Out of debt again hosted a Yakezie roundupEvolution of Wealth also had a roundup of great Yakezie postsThe Ultimate Money Blog highlighted my article on [...]

Comment on Response to Term vs Whole Life Insurance by My Personal Finance Journey

My Personal Finance Journey — Sun, 25 Jul 2010 03:16:11 +0000

EOW – great post here. It seems like you know quite a bit about the ins and outs of life insurance. I have not looked in to life insurance in depth, being fairly young (24 y.o) and no children or wife.

In your opinion, would a whole life, life insurance policy be better for younger people?
My Personal Finance Journey´s last blog ..Does Being Green Make Economic Sense – Part 1 – Green and Hybrid Automobiles