Unfortunately, divorce is on the rise among all age categories. If you find yourself in a situation where divorce looks inevitable, or you already are in the process of divorce, here are a few financial tips you should keep in mind.
Financial Planning without life insurance is like rearranging the deck chairs on the Titanic.
It continues to amaze me how many people don’t like to discuss the end of their lives, believing somehow that discussing their death will hasten it. What about you? Is death a topic you prefer to avoid?
What if you could use the magic of compound interest for decades (i.e., a child policy), yet never pay taxes above basis because you take distributions as a loan?
It is not deemed as income, is not subject to required minimum distributions, and will not affect taxation on social security if in a life insurance policy. Death benefits are tax-free as well.
As a parent or grandparent, you can leave a legacy by using the magic of compound interest.
