Several years ago, I decided to buy specialty business insurance and heard about a program offered by an approved vendor of a professional organization to which I belonged. I had specific risks common in this profession for which I wanted insurance. This well-known insurer affiliated with the organization seemed like the perfect place to find coverage. I applied and received a policy that looked good but had a footnote for exclusions. Sadly, these exclusions denied coverage for the specific risks that I sought to insure. Fortunately, I’ve learned to keep looking and here’s a resource that can help you to evaluate insurance easily and smartly.
Thinking ahead about how investing can support financial goals is the purpose of planning. Naturally, there’s lots of talk about common planning targets: retirement and college. But there’s also consideration of how to achieve multiple goals at various stages of life — whether covering basic needs or leaving a legacy — and how taxes and tax planning could impact results. Articles in the planning category allow you to clarify how today’s decisions can impact efforts to grow, manage, and maintain wealth.