Are you better off putting extra money into your 401(k) instead of purchasing a life insurance policy? While investing in your 401(k) is a must if you want to retire, leaving your family without life insurance can impact them greatly if you die prematurely. Here’s how it works. The Problem: Life Insurance or 401(k)? Today’s…
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In today’s post, we’re doing a case study on whether whole life insurance is a cost-effective way to invest for your retirement. Whole life insurance is a type of permanent life insurance where a life insurance policy and investing are combined into one product. Sounds convenient and easy, right? Not so fast. We’ll break down…
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There’s a lot of anxiety and tension that came with the current global pandemic: Compulsively washing your hands Being holed up in your home Disinfecting everything that comes through your front doorway Anxiously waiting for your Federal stimulus money Despite all this, there is one thing I don’t have to worry about: having cash. That’s…
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Some people argue that exchange-traded funds (ETFs) are always better than mutual funds. But is this true? It’s time to set the record straight. Let’s clear the air surrounding this wonderful investment vehicle: the good ol’ mutual fund. If you have always wanted to know the difference between mutual funds and ETFs, you will enjoy…
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Who are the best San Diego financial advisors? Glad you asked! In today’s post, I want to highlight a few that I have come to respect and admire. “You. Have. Lost. Your. Mind.” -Taylor’s wife First, grab these free resources: The 7 Best Questions to Ask a Financial Advisor The 10 Biggest Mistakes to Avoid When…
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Recently, I was excited to attend an investor meetup – remotely, of course. (Aren’t Zoom meetings great?) I was looking forward to socializing and talking nerdy money stuff with friends. Alas, after the excitement wore off, I left the discussion slightly disappointed. Here’s why: To clarify, this was a mostly amateur investor club. But, these…
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Today we are sharing a summary of the CARES Act (a.k.a Coronavirus Aid, Relief, and Economics Security Act). It was passed by the U.S. Government on March 26th, 2020 and it’s the largest economic stimulus bill in history. The CARES Act provides financial support for: Individuals & Families Small Businesses Corporations Healthcare Providers State Governments…
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Today I’m going to share the correct order for saving and investing your money. Following this step-by-step guide can potentially lead to tens of thousands of dollars in tax savings over your lifetime. It can also help protect you when the markets take a turn for the worst. The problem is there are so many…
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