The Surprising Suggestion for Who Should Receive Your Estate If You Have No Children

“Inheritance taxes are so high that the happiest mourner at a rich man’s funeral is usually Uncle Sam.” –Olin Miller My wife and I have no children. Not only does this create additional planning issues for us regarding care when we are older, but eventually, when we depart this earth and discover what’s on the […]

Do You REALLY Know How You Would React if the Stock Market Dropped by 20%?

“What is necessary to change a person is to change his awareness of himself.” –Abraham Maslow “The final mystery is oneself.” –Oscar Wilde If you’ve ever taken one of those online financial assessments, you’ll know that you’re asked questions about yourself. Most of them are either demographic – how old are you, are you married, […]

If I Probably Will Not Receive a Life Insurance Benefit, Why Buy It?

“Insurance is the only product that both the seller and buyer hope is never actually used.” – Unknown Chances are pretty good that as long as you’re buying life insurance for insurance’s sake – meaning income replacement – and not as an investment or for some other reason, you’re not going to receive the benefit. […]

Do Financial Planners Know How to Value Your Company?

“Amidst all the hype and hoopla around this business, I wanted to emphasize the challenge—it is seductive but the failure rate is very high. And those who fail have no good place to go.” ― Mahendra Ramsinghani I’ve been fortunate enough to have a company where I eventually saw three different offers for either the […]

Do I Really Need Life Insurance?

Q : What’s the difference between an insurance company CEO and the mafia don? A : The insurance company CEO can tell you how many people will die this year. The mafia don can tell you the names of all of them. I recently had a tenant pass away, leaving his wife and three children. […]

Does Your Financial Planner Really Need to be Local?

“They usually have two tellers in my local bank, except when it’s very busy, when they have one.” –Rita Rudner I recently attended a seminar about the state of the Fort Worth and Dallas housing market, put on by the real estate editor of the Dallas Morning News. He was talking about how demographic trends […]