7
Steps to Financial Security
Step One – Inspect What You Expect: Track Earnings and
Expenditures
Keeping a close eye on your financial portfolio means no surprises when it
comes to how your money is doing.
Periodic “inspections” of your financial condition allow you to better
manage your financial affairs. The power of the internet is now a valuable tool
to monitor your personal finances online.
I always encourage my clients to have a yearly “inspection” of all of their
insurance policies. This is one of the many “no fee” services that I do for my
clients. Since this is time consuming and most of my work now is done via the
Internet and online, I can’t always do this. Clients should never worry about
having someone look at their policies and at minimum they themselves need to do
so and then call their agent with any questions or concerns. People may think
that if they reveal what they have they might be sold more, or something. But
they need to be assured that this is not the case. When I’ve looked at policies
I was able to save my clients (and many who weren’t my clients) a lot of
hassles and headaches in the future. Beneficiaries had changes, addresses were
incorrect, etc. Always look at your paperwork at least yearly and if you can
have the trained eye of someone in the industry, by all means, do so. It’s like
getting a physical from a doctor. Your insurance professional is just that; a
professional. Use him or her.
This is part 1 of a 7 part series at
http://tlsinsuranceagent.blogspot.com.
You will soon be able to subscribe to this blog at Amazon. The site is meant for both insurance agents and
clients offering information, news and (my) views in a transparent manner.
I found out something about healthcare.gov today; seems like things always change there. As most insurance agents know, Obamacare does not cover dental for the parents; only the children. Parents have to purchase a dental policy for themselves. Here's what I found out; there are dental policies available on healthcare.gov! But you have to purchase them at the time you are purchasing your healthcare plan. Looking into this, the policies might be just fine, but they are more expensive and your agent can typically do better. And the big thing is, when you have questions who are you going to call? Healthcare.gov, some company "out there"? Or you agent. Hmmmm, for me it's pretty much a no brainer. As an agent I've spent too much time online and on the phone with that. Why would I want my clients to have to do that?
Investment Risk
Disclaimer
1 Information contained herein should not be construed as legal or tax advice
and is intended for illustrative purposes only. All charts, graphs, estimates
and projections are based upon hypothetical situations, are not representative
of any particular financial condition and are not intended to represent a
likely or guaranteed return or outcome for any prospective customer.
The FFG Financial Needs Analysis is
based upon source information believed to be accurate. It is an analysis to
determine appropriate individual financial needs and does not constitute a
solicitation for the purchase or sale of any specific financial product or
service.
