Life insurance is a tricky subject. It forces us to confront something most people prefer not to think about: our mortality. And as we get older, the issue feels much less theoretical. Still, if you’re like me and already a senior, it’s a conversation you probably need to have. Should you buy life insurance late […]
If you’ve ever thought of life insurance, it was probably colored by the instinctive unease of thinking about your mortality – the fact that one day you’ll no longer be among the living. After all, that’s the main reason to buy life insurance – making sure that your passing, as traumatic an emotional loss as […]
The One Big Beautiful Bill affects retirees in many ways. But how will it change Medicare? Although it’s too early to tell, there will be some immediate changes and several potential long-term impacts you need to be aware of. We provided a broader overview in our article, “How the One Big Beautiful Bill Affects Retirees.” […]
There’s a cost of homeownership that surprises many first-time homebuyers, one that’s easy to overlook in the excitement of going through the homebuying process. It’s called private mortgage insurance or PMI. For the unprepared homebuyer, the cost of paying PMI can be a real budget-buster, adding thousands of dollars in additional expense each and every […]
What Is Medical Cost Sharing? Medical cost sharing is a system where members contribute a set amount of money each month into a shared pool to help cover each other’s medical expenses, rather than paying premiums to a traditional health insurance company that would be for profit. It’s often organized through membership-based groups, typically with […]
Understanding health insurance is hard, leading Americans to spend too much on healthcare with outcomes worse than many developed countries. As Americans, we should all be outraged. According to a Commonwealth Fund report, “The U.S. is a world outlier when it comes to health care spending,” yet we don’t get what we’re paying for – […]
Years ago, the remnant of a hurricane came through Maryland and dropped half a tree on my house. It pushed a roof joist through my bedroom ceiling right over where the three-year-old daughter of my then-girlfriend, now wife, slept. Miraculously, it stopped several feet above her. She slept right through the whole thing. After hitting […]
I still remember the huge uproar when the Affordable Care Act (ACA), also known as “Obamacare,” was first debated in Congress. President Obama famously promised, “If you like your existing health insurance, you can keep it.” Yeah… not so much. It wasn’t a couple of years before we couldn’t keep the plan we had before, […]
Life insurance is crucial in many cases and a near-total waste of money in others. Even when life insurance is a good idea, you may be better served by term life insurance rather than permanent life insurance. Finally, if permanent life insurance is right for you, single-premium insurance may or may not be best for […]