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Better Money Decisions

You’ve probably started with great intentions, telling yourself you’ll stash away more for retirement and buy fewer lattes (because some writer said buying lattes is a bad thing). But life happens. It’s not as neat and tidy as the financial experts on TV seem to think. You’ve got a lot going on in your life, and you need more than simplistic, cookie-cutter instructions to keep you on the right financial path. Kate Stalter escorts you to the right path for your money. She talks to experts and "normal" people who have taken the right steps to make better money decisions.
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Now displaying: Page 1
Feb 28, 2017

Today's guest is Jordan E. Goodman, America's Money Answers man. He is a nationally recognized expert on personal finance as well as being a regular guest in the media, such as The View, Fox News, Fox Business, CNN, CNBC, CBS and many other places. He is the co-author of thirteen best selling books on personal finance and he was previously the Wall Street correspondent at Money Magazine.

 

Lately, Jordan has been examining the idea of a Life Settlement- in other words, when it makes sense to sell your life insurance policy into the Life Settlement Market, for cash. He points out that 10,000 people per day turn sixty five, many of whom have not saved nearly enough money for a decent retirement. He explains that many of these people have a life insurance policy, an asset that they may not even realize that they can sell into the Life Settlement Market for cash, which they can then invest to create a steady source of income for their retirement years. Listen in today to find out what the Life Settlement Market is all about and how it could help you to create financial security for your retirement.

 

On today's show, Jordan talks to Kate about:

 

•How easily you will sell your policy and the amount of money that you will be paid out depends on your age and state of health.

•Who would benefit from selling their Life Insurance policies.

•How you could create a regular source of income for your retirement by selling your policy.

•That you can't buy a policy with the intention of selling it.

•Another option for retirement, without affecting people's lifestyle, could be a reverse mortgage, which has both pro's and con's.

•Why it's not a good idea to sell a policy to pay for long term health care.

•Why Medicare will not be sufficient to cover your health issues, post retirement.

•Why Medicate is a planned impoverishment business.

•How to go about selling your policy to the Life Settlement Market.

•Why your Life Insurance Agent is not going to help you to sell your policy.

 

 

Today, Kate answers a question from Shay about coverage for health care, should she need skilled nursing when she's older. Kate points out that the traditional policies have some significant issues. She explains that a good financial advisor can help you to sort the good products from the bad. She also discusses ways to cover yourself for long term care concerns, with fixed annuities and with life insurance, both with long term care benefits. Listen in to find out about the advantages and disadvantages of these options and how they work and also about new hybrid life and annuity products that could give you solutions to  your health care issues, when you retire. 

 

Links Mentioned:

 

Jordan's website: www.moneyanswers.com

 

Jordan's Radio Show: The Money Answers Show, with a link on The Voice Of America Business Network.

 

To ask questions or contact Kate: askus@americatalksmoney.com 

 

Resources Mentioned: 

 

www.fundinglife.com  - Independent Broker to bring buyers and sellers together.

 

Jordan's books: Fast Profits And Hard Times, Master Your Debt and The Dictionary of Finance And Investment Terms are available from Amazon, as well as his other books.

 

 

 

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