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on the radio with Paul Petillo
Join Paul Petillo, Dave Kittredge and Dave Ng every week on Financial Impact Factor Radio as they to discuss everything from retirement to insurance, investing to estate planning, from getting started to preparing to stop.
books by Paul Petillo
I just published my fifth book - this time with Smashwords! ReBuilding Wealth in a Paycheck-to-Paycheck World by Paul Petillo, copyright 2011 This ebook is available across all platforms including iPad and iPhone, Amazon and Sony.
on personal finance
In the world of personal finance, asking what's the worst that could happen is not the same as asking: "will I be able to afford this?" or "have I saved enough for retirement?"
More personal finance
on retirement
The Who, What, When, Where and Why of Retirement
If things are good, for some they won't be good enough. If it turns out that things are not so good, someone will ultimately benefit for this off-chance negativity.
More on retirement planning
on mortgages
American dream or not, the games you may have once played with financing your home are not available for the vast majority of homeowners.
More on mortgages and homes
on insurance
Insurance : Life, Health, Auto, Home
Is the insurance industry the next victim of the financial crisis?
Health Channel
on investing
The mutual fund investor has a great many more options available to them in the post-Great Recession marketplace. The question is: are they right for you as you make a retirement plan using 401(k)s or IRAs?
More on investing
on twitter @PaulPetillo
special features
Zack's Investment Tools: Stock Screener or Mutual Fund Screener
Calculators
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Our recent financial discussions
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on term life insurance
I have mentioned the subject of insurance and it won't be the
last either. The topic itself has lent to reams of books and papers
and its very nature is as complicated as all of the other stuff
financial. But if you have none, you should consider it, and soon.
If you are healthy, relatively young, and hopefully don't smoke,
you can purchase insurance on the cheap. And be insured for a
major chunk of change too. Look at your family and picture their
economic life without you.
Term life is by far the cheapest way to insure yourself and your
family's future. A man in his late thirties can obtain a policy
of $300,000 for about $300 a year, providing excellent health
and a non-smoking status. Even a few health risks don't up the
cost by much more than a couple of hundred bucks, which is still
cheap.
Term life insurance is pretty simple. Policies are usually written
in 10, 15, or 20 year increments guaranteeing a level premium
for the life of the policy. When the policy expires, in theory,
you should have built a nest egg that will support whomever is
left. Or maybe you have converted to a different policy. But still,
you are alive.
The only thing you need to do is to estimate how much you need.
If you are younger you need a greater amount obviously. Your children
are younger, and your expenses are greater. Older, empty nesters
need less because they have less need for long life support beyond
their investments. There is such a thing as the "rule of 200".
Simply multiply your monthly income times 200. Subtract your accumulated
savings in retirement and such and the ending figure is the amount
they will need without you.
bluecollardollar: from the blogFrom Financial Impact Factor Radio with Paul Petillo: On the radio with Jesse Slome
bluecollardollar: resources
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