Category Archives: Fiduciary

Ask Linda: Which type of life insurance should we buy?

Dear Linda, My husband and I need life insurance. Should we purchase a Term Life or Whole Life policy to protect our young children? Please explain the difference. Underinsured Uma Dear Uma, The purpose of life insurance is to protect those who are dependent on your income in the event of your death. A dependent can be a spouse or a young child, but it can also be a sibling or a parent whom you help financially. While there areRead More

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Ask Linda: What should I do with this unexpected bonus?

Dear Linda, I will be receiving an unexpected bonus shortly. I want to make sure I am smart with the money and have a plan in place for what I am going to do with it. Any ideas? Sincerely, Lucky Lady Dear Lucky Lady, Your question is a common one we receive around this time of year as companies complete their prior-year reporting and issue bonuses. You are wise to create a strategy before spending the bonus. Without knowing theRead More

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A Conversation with John

I had an encounter recently with an annuity salesperson – we’ll call him John. John introduced himself as a financial advisor. I said I was a fee-only financial planner, and I don’t charge commissions. He said he didn’t either. The following is a paraphrase of our conversation. I share it with you because it is a good example of questions you should be asking investment professionals before you consider working with them. In particular, question those who sell products. ThisRead More

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