Our journey to Financial Independence
3.5 minutes Legacy planning is largely ignored. Many think it necessary only for the wealthy – with significant assets to direct and protect. Legacy planning is for all. A FIChronicles tenet is to demystify personal finance. Legacy planning (life insurance, wills, trusts, power of attorney) desperately needs demystifying. See Buying Life Insurance and Creating a … Read more
5-minute read The purpose of this series on legacy planning is to demystify it. Common reasons why we put off legacy planning: Busyness – Work, family, kids, etc. and the years float by Kick the can – for many in their 20’s-40’s it’s easy to put off the planning, thinking there’s always time down the … Read more
(The events of this post occurred about 2 years ago) 4.5-minute read Life insurance – easy to ignore until it’s too late. I was a 36-year-old husband, father of 2 (ages 6 and 8) and primary breadwinner for my family. I had 6 times my annual salary in a group life insurance policy through my … Read more
Why should you have an Investor Policy Statement? Life is full of variables. These variables force us to react. The decisions we make today have a dramatic effect on our outcomes over time. Plan your reaction before facing a new situation When should you create an Investor Policy Statement? When you start investing If you’re … Read more