Insurance annuity Vs stock market I’m 62 this November, retiring in December 2023. $1.2M in “401”. I am being talked to by someone who is a fiduciary and wants me to roll the money over for a 7 yr locked annuity. (The Nassau Growth plan). No fees to roll over, manage or on withdrawals. Up to 10% allowed to be pulled a year. With the future being what it is, am I better off with …

Father died. Want to use life insurance payout to set Mom up for retirement. Since it isn’t earned income, it can’t be rolled over to an IRA. Without giving out too many specifics, the amount is over $100,000 and she is in her mid 50s. She has no other retirement savings. What investment options are there and what are the pros/cons to each? Would it be worth contacting a financial advisor? Thanks in advance. submitt…

is life insurance worth it for a 22 year old like myself? currently do have a girlfriend but don’t plan on getting married at all. i do want children though. have a personal advisor and is offering me life insurance. apparently, for example if i put down $200 every month, i will be averaging around somewhere between $250k and $300k when i reach 59 years of age. what do you guys think? submitted by …

If Your Home Insurance Lapses, Do These Things Immediately Home insurance is a crucial safeguard against unexpected disasters and financial losses. But life gets busy, and even responsible policy holders may fall victim to a missed insurance bill, or a failed automatic payment, or perhaps an outdated mortgage clause listed on policy documents. If your home insurance has… Read more…

Insurance. Pay off home. My sweet husband passed away. He left son and I life insurance in the six figure range. I will pay off my home. My question is should I put my house in a will for my kid, in the event something happens to me. submitted by /u/TurnMoney4898

My mom recieved a life insurance payout after my dad died, what should she do with this? My dad passed away a few months ago and my mother (58), recieved a $1,000,000 life insurance payout. She isn’t sure where she wants to store/invest this money and I am helping out. Her financial situation is pretty good. She still works and makes just about enough to cover her expenses. Her house is nearly paid off, has a solid additional chunk …

Photographer Insurance for Building/Event Hey all, I know there have been specific threads about this, and I’ve searched them, but I have a specific situation I need some guidance with. I’ve been shooting mostly headshots for a while but do the occasional event. I’ve never had insurance (I know I should, which is a whole different story – and I intend to get it, which is part of why I’m…

got a huge $1.4k bill from insurance after already paying for costs at dentist (i am 24 years old and very inexperienced with having private insurance, please help) i’m 24 but my parents are retired so i had to get off their insurance when i graduated from school a few months ago. i found a dental insurance plan that was affordable and appeared to have good coverage and benefits. i switched dentists to a new one that took my new dental insurance – so i had a new patient appointment and then scheduled a clea…

Life insurance. What does it typically cost? Is it worth it? I (26M) am in a short term relationship with no children and little debt. I have small credit card debt which I pay every month (no more than 2k) and 15k on my current car that I use to get to work. I am currently paying a little over $400 in life insurance per month to a Northwestern mutual rep for term life insurance. Is this too much to pay?…

Travel Insurance- Short trip US citizen going to spend a few days in the Caribbean and have been looking into travel insurance. Seems like the subject is kind of polarizing online and I am curious to know which carriers offer “better” medical coverage and customer service when compensation is required. I’m not really worried about trip cancellation (trip is soon) or interru…

Transamerica “non traditional life insurance investment strategy” SS: We consulted with Transamerica today and I am definitely hesitant on what exactly this company is about, but definitely need to at the very least start understanding my spending and budgeting to start saving and investing. One of the main pillars for this Transamerica are a “non traditional emerging investing strategy involving life insuranc…

Life insurance being left to me. My brother recently informed me that he put me as the beneficiary of his 1 million dollar life insurance policy. He did this because he doesn’t trust leaving it to his 3 boys due to their ages (they’re 21, 18,17). He said he knows I’ll distribute it the way it needs to to be fair to his boys. Which I will absolutely. It something were to ever ha…

Emergency surgery with no insurance. Left with a large debt…shocker In November 2022, I had an emergency surgery at my local hospital for an appendectomy. I was hospitalized for approximately 6 hours and did not stay overnight. Much of that time consisted of me waiting for the surgeon to be available. I had no medical insurance at the time because I had planned on having it through my employer, and when I began …

Single Premium Life Insurance for 70 year old A family member, (70 years old, good health, no debt, 2 adult working children) approached me asking if they should buy into a Single Premium life insurance – $50K, and it is $92K upon death. Personally, it doesn’t make sense to me (internet scouring research), but I am just wondering if I am missing something here. Would appreciate the communi…

Ten insurance RBs to target on draft day Mike Clay ranks the backups in the backfield who have the most appeal this season.

What is going on with car insurance? My rate with Geico recently went up 33% out of nowhere for no reason after being flat for years. So I thought, well surely I can shop around and find a better rate. Wrong! Every other company quotes me like $550 a month (I pay $220 a month with Geico, one car, two drivers). How can Geico be that much cheaper than every other company? What is goi…

Car insurance is clapping me any recommendations? So as the title says car insurance is one of my biggest cost as of current I pay $345 a month I’m 22 with a 2020 Hyundai sonata I make 5k a month I live with my parents so I don’t really have any major bills other than this but it’s really frustrating having this type of bill I have a completely clean driving record for the past 5 years I need h…

Earthquake Insurance with a Mortgage Was chatting with my realtor the other day and he mentioned that as one increases equity in a house, his view is its then worth picking up earthquake insurance (Western Washington, for context). His view is that if you don’t have it, but have low equity, the bank will be motivated to help you rebuild so that they don’t lose their shirt on a slew…

Got my private mortgage insurance removed If you have a mortgage and have PMI, you can reach out to your mortgage carrier and formally request that it be removed. I recently did this and my bank sent me a letter back that stated that they could not remove it because I did not yet have an 80% or lower loan to value ratio, but that I had three options: Pay a lump sum to reach 80% LTV. Wa…

How to locate a life insurance policy as the beneficiary Long post so TLDR at the bottom. My grandfather passed away about 18 months ago and left my grandmother behind. While his passing was sad, he was very sick for years and tbh it was a relief to know he is no longer suffering and finally at peace. I come from a big extended family and most of my cousins, uncles, and aunts are knuckleheads. Lying,…