GARYANDLANA

Term insurance provides coverage for a pre-specified period. You pay the term insurance premium each month and as long as you pay the premium your policy will stay in force. A portion of your monthly payment pays the insurance and the life insurance company that provided the insurance invests the remainder. While the life insurance company controls the savings in a whole life policy, the savings in a universal life plan are owned and controlled by the policyholder. The major advantage of a universal life policy is tax-advantaged growth. When you pay the policy premium, a portion of the premium pays for the insurance and a portion is invested. Universal life insurance provides a powerful combination of life insurance and tax-advantaged investment opportunities. Investors should realize that universal life insurance premiums work twice as hard as other premiums.

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  ,  whole life insurance investment

Property taxes in Florida are outrageous even during this period of depressed home values. A year after buying such a home you could be facing outrageous property taxes.

Don’t confuse the Florida “Save Our Homes” exemption with a homestead exemption. Homestead exemptions in Florida exempt the home from the first $25,000 of assessed value if that home is used as a primary residence. The reduction in Florida property taxes from a homestead exemption is nothing compared to the property tax reductions the “Save Our Homes” exemption can produce.

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  ,  homeowner  ,  home owner

With many Americans now realizing they cannot depend on the govt. to take care of them in old age, investors are now turning to face the hard reality that it is time to look after their own fiscal futures.

While some may aspire to be ‘rich,’ others see financial independence as a necessity when it comes to surviving and enjoying their retirement years. Saving accounts grow too slowly, as do bonds, to create the growth and income most investors seek for their retirement portfolios. Smart investors put up with risk and volatility in pursuit of the bigger returns which will help their nest eggs hatch and grow into cash monsters.

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