Personal Finance Archives - Page 3 of 7

Why Life Insurance Is A Waste Of Money

January 30, 2023January 17, 2023 by Professor B.T. Effer

Life insurance is a waste of money…or is it? This post covers 10 common reasons why life insurance is considered a waste and counter…

January 30, 2023January 15, 2023 by Professor B.T. Effer

Life insurance is crucial in your personal financial portfolio. The top 15 reasons to purchase life insurance from replacing income to…

January 30, 2023January 11, 2023 by Professor B.T. Effer

Life insurance can be used for retirement similar to a Roth IRA. However, a Roth IRA is the better option for most people due to being…

January 30, 2023January 9, 2023 by Professor B.T. Effer

The SECURE Act 2.0 was signed into law in the end of 2022 and has some major positive changes for retirement savings. What is in the bill…

January 30, 2023January 8, 2023 by Professor B.T. Effer

A spendthrift clause in a life insurance contract is there to spread your lump sum benefit over installment payments for a specified period…

January 30, 2023January 3, 2023 by Professor B.T. Effer

Life insurance payouts generally avoid probate court, however there are some times when your benefit may go to probate. Learn how to…

January 30, 2023January 2, 2023 by Professor B.T. Effer

Liquidity is a measure of how easy it is to turn an asset into cash. Life insurance policies may be a source of liquidity if you know…

January 30, 2023December 30, 2022 by Professor B.T. Effer

If you are trying to get out of debt, there are 2 commonly recommend methods to use – Snowball & Avalanche. Which is right for you and…

January 30, 2023December 28, 2022 by Professor B.T. Effer

Targeted net worth is an important personal finance number that tells you what your net worth should be at any point in time. You use it to..

January 30, 2023December 18, 2022 by Professor B.T. Effer

Using personal financial ratios can give you a holistic view of your financial strength. In this post we cover 20 of the most important…