I have finally managed to convince my husband to double his 401K contributions. So, yay.
Another mistake is not having buying life insurance or disability insurance while you are still healthy enough to be accepted for the policies. Young 'uns who feel invincible should take future decrepitude into account.
I agree---getting a 20-year term life insurance policy while you are young and healthy is REALLY smart. Cheap $500,000 term life policies that cost perhaps $300-$400 a YEAR are easy to get when you are young and they protect your children and your family in the evnt that you die early.
If you wait too long, they get more expensive, even though they are still pretty cheap when compared to whole life policies. The later you wait, the more expensive they get.
I'm still waiting on the underwriters to finish pricing my policy. I'm hoping for a $545 per year cost. The required exam was easy! They sent a nurse to my house and I got a copy of all the detailed bloodwork results. Then jeneralist sat down with me and went over the bloodwork results in detail with me until I understood it. And it was all free! I really appreciated that.
Now I'm just waiting. I'm making my brother and Micheal co-beneficiaries so that in case I die in the next 20 years, they can split the money and Michael can guide my brother in investing the principle. He is a savvy investor, and can help Christopher manage the money so that it just keeps growing and paying for everyone's expenses for as long as possible.
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timeasmymeasure
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Date: 2007-11-02 08:58 pm (UTC)Another mistake is not having buying life insurance or disability insurance while you are still healthy enough to be accepted for the policies. Young 'uns who feel invincible should take future decrepitude into account.
And eat lots of organic fruits and veggies.
no subject
Date: 2007-11-03 07:45 pm (UTC)I agree---getting a 20-year term life insurance policy while you are young and healthy is REALLY smart. Cheap $500,000 term life policies that cost perhaps $300-$400 a YEAR are easy to get when you are young and they protect your children and your family in the evnt that you die early.
If you wait too long, they get more expensive, even though they are still pretty cheap when compared to whole life policies. The later you wait, the more expensive they get.
I'm still waiting on the underwriters to finish pricing my policy. I'm hoping for a $545 per year cost. The required exam was easy! They sent a nurse to my house and I got a copy of all the detailed bloodwork results. Then
Now I'm just waiting. I'm making my brother and Micheal co-beneficiaries so that in case I die in the next 20 years, they can split the money and Michael can guide my brother in investing the principle. He is a savvy investor, and can help Christopher manage the money so that it just keeps growing and paying for everyone's expenses for as long as possible.