Comments for Evolution of Wealth

Comment on 2 Worst Financial Tools by Evolution Of Wealth

Evolution Of Wealth — Fri, 19 Mar 2010 04:00:10 +0000

Billy:

I agree with both of your points. The problem isn’t saving via retirement vehicle or owning a home. The problem is if that’s all you do. Too many people only save for retirement or they only pay off their mortgage. People have trouble with the full picture. If all your money is in retirement funds couldn’t that create a big problem? If all your money is in your house, couldn’t that be a huge problem? My point isn’t so much to say don’t do it, it’s instead to help people realize that you shouldn’t commit and rely on one thing.

Comment on 2 Worst Financial Tools by Bill Gassett

Bill Gassett — Fri, 19 Mar 2010 03:25:46 +0000

How can you think that not saving via retirement vehicles is not important? Who gives a darn if they are not liquid…that is not the point of why you have them. I would also disagree with not owning a home especially if you are in it for the long haul. There are not many better investments than a home both from an appreciation and tax standpoint. If it is a short term thing that is another story.
Bill Gassett´s last blog ..Buying a Massachusetts Bank Owned Home

Comment on What Every Life Insurance Policy Shouldn’t Be Without by Life Insurance Waiver of Premium | NewInsurancePlan.com

Life Insurance Waiver of Premium | NewInsurancePlan.com — Wed, 17 Mar 2010 06:55:38 +0000

[...] the original here: Life Insurance Waiver of Premium Posted in Life Insurance Tags: Life Insurance, premium-should, purchase-whether « Life [...]

Comment on What Every Life Insurance Policy Shouldn’t Be Without by Life Insurance Waiver of Premium | Insurance

Life Insurance Waiver of Premium | Insurance — Wed, 17 Mar 2010 06:23:08 +0000

[...] posted here: Life Insurance Waiver of Premium Posted in Life Insurance | Tags: Life Insurance, premium-should, [...]

Comment on What Every Life Insurance Policy Shouldn’t Be Without by Compare Life Insurance Rates and Find the Cheapest Life Insurance Rates in Your City!

Wed, 17 Mar 2010 06:18:47 +0000

[...] Read the rest of the post here: Life Insurance Waiver of Premium [...]

Comment on Secondary Guarantees Ruin Flexibility by Jason @ MyMoneyMinute

Jason @ MyMoneyMinute — Mon, 15 Mar 2010 19:51:01 +0000

I’m just not sure I understand the benefit of using it as an investment, rather than just as insurance. Is there just more of a security to a life insurance policy involved? Perhaps a stable, fixed percentage of return?

I’d imagine you could make more investing in the open market, or in real estate, rather than in an insurance product. Also, more flexibility in how/where you invest your money, although I’m sure there’s flexible life insurance products that would allow for various investing tactics.

Don’t mean to open a huge can of worms, but I am curious when a whole life policy would and wouldn’t be better than term life. Both are obviously purchased for different reasons.
Jason @ MyMoneyMinute´s last blog ..Unemployment Benefits – Denied!

Comment on Secondary Guarantees Ruin Flexibility by Evolution Of Wealth

Evolution Of Wealth — Mon, 15 Mar 2010 19:01:38 +0000

Jason:
I would definitely consider whole life or universal life depending on your situation. The biggest problem with term insurance is the opportunity cost. That money has one use and one use only and the only way you’ll get anything back is if you die. But not everyone is in a financial position to do more than term. So it’s the best place to start.

Comment on Hidden Gem of Life Insurance Policies by Evolution Of Wealth

Evolution Of Wealth — Sun, 14 Mar 2010 03:06:49 +0000

Stock Investing 101:
Thank you for stopping by. Actually, what we’ve seen recently is a decrease in the costs and expenses of life insurance. People are living longer today which gives them more time to use their other insurances (where costs have gone up) but more time before they need their life coverage. This has actually caused rates to have some substantial decreases over the last decade or so. Up until the recent bump in the economy rates were at an all time low and still remain very close to that level. It’s not unusual to find cheaper life insurance today even if you are a few years older than when you took out your last policy.

Comment on Hidden Gem of Life Insurance Policies by Stock investing 101

Stock investing 101 — Sun, 14 Mar 2010 01:21:02 +0000

I too have never heard of ART until recently, it is a great idea. Insurance prices really have gone through the roof the past decade.
Stock investing 101´s last blog ..Dave Ramsey’s baby steps

Comment on Hidden Gem of Life Insurance Policies by Weekend “Yakezie” Round-Up | 20s Money

Weekend “Yakezie” Round-Up | 20s Money — Sat, 13 Mar 2010 11:40:49 +0000

[...] out the Hidden Gem of Life Insurance over at the Evolution of [...]