Tag Archives | insurance

3 Reasons to Consider Umbrella Insurance

Do you own a home?  Do you have a long commute?  Are you a dog owner?  If you answered yes to any of these questions, an umbrella insurance policy is worth looking into.  As you probably know, we don’t sell insurance here at Independence Advisors. However, risk management is a key part of any comprehensive […]

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Insurance – Don’t Set It and Forget It

Key Takeaways: People change over time and so their insurance needs change too. Insurance policy expenses and their underlying crediting rates can change over time Periodic insurance policy reviews are critical. Remember Ronco founder, Ron Popeil’s, signature tagline for his famous rotisserie oven– “Set it and forget it”?   That might be fine for cooking convenience, […]

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My Daughter’s Surprise 18th Birthday Present: Not what she expected, but it will keep on giving

Key Takeaways Once your child turns 18, the law prevents you from making certain important financial decisions on his or her behalf. Purchase basic estate documents for your child: will, durable POA, healthcare POA. Help your child select a credit card (with reasonable limits and rates) to establish a credit history. For further reading on […]

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How Much Life Insurance Do I Need?

Key Takeaways:  The purpose of most life insurance policies is to ensure that your loved ones will be financially secure upon your death. Keep the big picture in mind. Instead of using rules of thumb, consider your specific situation and determine an amount that will allow your loved ones to maintain their standard of living. […]

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Are Annuities Right for You? 3 Important Considerations

 Key Takeaways Annuities are designed to provide tax-deferred growth by taking dollars that you would have otherwise invested and placing them within an “insurance wrapper.” Annuity payouts can be immediate or deferred, with the deferred option being either fixed or variable. Before taking the annuity plunge, make sure you have exhausted all other pre-tax retirement […]

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2015 Annual Limits for Financial Planning

Key Takeaways In 2015, retirement plan participants can contribute up to $18,000 annually to their 401(k), 403(b), Thrift Savings Plans and most 457 accounts. Savers age 50 and over are able to contribute an extra $6,000 catch-up contribution this year, for a total of up to $24,000. Contributions to Individual Retirement Accounts (IRAs) are unchanged […]

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Annuities – Be Sure You Know What You Are Getting

Key Takeaways An annuity is an insurance product that can pay out income. It’s a popular option for investors seeking a steady stream of income in retirement. Annuities can be a valuable tool if you are in a high tax bracket, have exhausted your pre-tax savings opportunities (like a 401(k)), and have a long-term time […]

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