Planning for Incapacity For many people, estate planning is focused on distributing assets after death. But you also need to plan for incapacity due to injury, illness, or aging. Incapacity means you are unable to make decisions and cannot manage financial, personal, and health care matters. In this article, we will go over what [...]
Above-the-Line Deductions There are both itemized and above-the-line deductions. They will affect your Adjusted Gross Income in different ways. In this article, we will go over the basics of above-the-line deductions. Adjusted Gross Income Before you can understand above-the-line deductions, you must understand Adjusted Gross Income. Your AGI includes your combined income from wages, [...]
Dealing With Market Crashes During Retirement Throughout history markets have recovered from crashes given enough time. However, if you are in retirement, you may not have time to wait for the market to recover. You may be forced to sell at lower price to fund your retirement. But a downturn is manageable with adequate [...]
Variable Life Insurance A variable life insurance policy is a contract between you and an insurance company. In exchange for a premium the insurance company promises to pay specified amount to your beneficiaries upon your death. In this article, we will go over the basics of variable life insurance. The Basics Variable insurance differs [...]
