Welcome to the 'No-Guilt' blog!
People come to here because they want to build financial confidence and take meaningful action. We provide the context for those things that affect your financial health. Our goal is to help you live in the 'No-Guilt Zone'.
Last time, we looked at lifetime earning power and how the average amount of life insurance protection of $166,800 would cover just over one and half years of income for someone earning $100,000 a year.
Coping with the loss of a loved one is difficult enough in itself. When you compound the death without enough financial resources…whew! That’s tough.
You're working your tail off to build a solid financial foundation for family. You now have some home equity, personal savings, investment and retirement accounts. You may even own an investment property.
You’re doing everything in your power to create a secure and comfortable lifestyle for yourself and family.
Many years ago, one of my clients inherited a large sum of callable out of state muni bonds (munis) in an account at a large, brand-name brokerage firm. As a resident of California, this client received none of the income tax benefits for the munis and wanted to know what to do.
After analyzing the clients situation, I determined that a diversified bond portfolio designed specifically for conservative investors and those funding near-term liabilities would be more appropriate. The portfolio has the following three characteristics: