Quotes from the Legends of Finance (0)
2/07/09 •
Warren Buffet “When the financial history of this decade is written, it will surely speak of the Internet bubble of the late 1990s and the housing bubble of the early 2000s. But the U.S. Treasury bond bubble of late 2008 may be regarded as almost equally extraordinary.”
Recent Posts
Protect against a Disability – most Americans have not – have you? (0)
12/28/09 •
73% of American Income Earners have no disability insurance. This is arguably a greater public need than health insurance.
If it’s cheap there’s a reason – One women’s experience with Employer Disability Insurance (0)
12/12/09 •
Most disability insurance purchased through your employer may feel like cheap toilet paper after 2 years, it’s better than none, but just barely. Read this story, and you may understand why the coverage you see on your pay-stub is so cheap.
The MMWM Money Market Alternative Strategy (3)
10/27/09 •
Why are we so passionate about fighting this battle—is it to earn a commission? I have woken up disabled twice and Life Insurance is the only product I know that can produce savings insurance which can protect your family in the event something happens to you. Most of us won’t die early, if it happens it will often occur towards retirement, right about the time that most term policies cancel.
Mortgage Rates are Headed Higher: What you need to now about refinancing today. (1)
10/13/09 •
We want to examine why we think it would be a significant mistake to purchase a loan that is less than 30 years in length or to buy down or pay down the loan in any way in today’s economic climate. In order to compare a 30 year and a 15 year mortgage we must equalize time periods, interest rates, and projected tax savings. Our “financial laboratory” equalizes these variables and then makes one key assumption that almost always influences our ultimate recommendation to clients: Are you disciplined enough to save the difference in payments if the money is automatically withdrawn from your account? If there is any possibility of the cash flow ending up in lifestyle money that is spent and not saved, then it is clearly better to prepay your house or have a shorter payment plan because the mortgage acts as forced savings vehicle, but if you are a disciplined saver we think choosing a 30 year loan could add about $200,000 or more to your retirement with very little additional risk.
