Finance Blog
Whole Life Insurance: An Excellent Investment Everyone Tells You Not to Buy
Written by Dan Solin on August 3, 2010
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Financial advice is unique. Most of it is dead wrong. The advice given by brokers (or “financial consultants,” as they like to be called) frequently has nothing at all to support it. If you ask most financial advisers about cash value life insurance, this is…
529 College Savings Plans Are Best For Saving For Your Grandchildren's College Education
Written by Dan Solin on July 27, 2010
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The recession and market turbulence have made the dire financial situation facing some baby boomers much worse. Few were prepared for retirement before the financial crisis. Most are hopelessly behind in their retirement savings. Consider these statistics: By some estimates, almost 10 percent of retirees…
Bonds and the Bonds Market: A Basic Primer
Written by Dan Solin on July 20, 2010
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Bonds confuse most investors. The securities industry likes it that way. The more you believe investing is just too complex to figure out on your own, the likelier it is that you will need the services of a “financial consultant.” Going down that road is…
The Volatility Index-Much Ado about Nothing
Written by Dan Solin on July 13, 2010
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You have no doubt been reading a lot about the volatility index lately. Before I tell you why I believe it is irrelevant, let me first tell you what it is. The Chicago Board Options Exchange established a volatility index (VIX). The VIX is not…
Annuities: The Good, the Bad, and the Ugly
Written by Dan Solin on June 29, 2010
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There’s a lot of misinformation about annuities. That’s not surprising, since the term “annuity” is applied to a variety of dissimilar investments. These investments are also quite complex, which seems to suit the insurance industry. Complexity makes it more difficult for investors to separate good…
Five Simple Rules For Protecting Your Retirement Savings
Written by Dan Solin on June 22, 2010
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It’s great that you’re saving for retirement. You’re probably taking advantage of a 401(k) plan, a traditional IRA, a Roth IRA, or some combination of these retirement plans. However, you can undo all the good by making a single bad decision with these accounts, costing…
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