| Financial planning is not limited to
| |
| | out in claims - thus, they profit.
|
| asset allocation, mutual funds, and
| |
| | Your goal should to pay as little in
|
| fixed-income investments - planning
| |
| | premiums as possible in order to be
|
| should include every aspect of your life.
| |
| | adequately covered. You don't want to
|
| Should you apply for that credit card?
| |
| | have to use your auto insurance, but at
|
| What type of car insurance should you
| |
| | the same time, you don't want to be
|
| buy? Should we save for our child's
| |
| | subsidizing the bad drivers who take out
|
| college or put money in our IRA's
| |
| | more in claims than they pay in.
|
| instead? These and many more questions
| |
| | In order to develop a financial planning
|
| are all part of financial planning.
| |
| | strategy for auto insurance, it's
|
| The Larry Rule - A Little Known Financial
| |
| | important that you become as educated as
|
| Planning Fact
| |
| | possible on the subject. Luckily, there
|
| Larry Lindsey is not a famous name, even
| |
| | are dozens of great sites on the internet
|
| in financial circles. Currently, Mr.
| |
| | that provide free information on the
|
| Lindsey is the chief economic advisor to
| |
| | various types of auto insurance plans,
|
| the Bush Administration. In 1996, he was
| |
| | and the particular laws of your state.
|
| a Federal Reserve Board Governor - and he
| |
| | Everyone has to own some form of auto
|
| was denied for a Toys 'R Us credit card!
| |
| | insurance, and thus it should be the
|
| To apply or not to apply, that is the
| |
| | cornerstone of any intelligent planning
|
| planning question. Larry Lindsey, who had
| |
| | strategy.
|
| excellent credit and a high-income level,
| |
| | The Financial Planning Dilemma - College
|
| set out to demonstrate a flaw in credit
| |
| | vs. Retirement
|
| scoring algorithms.
| |
| | American parents love their children and
|
| He simply applied for every retail store
| |
| | will do almost anything to ensure they
|
| credit card he was offered, and in no
| |
| | have every possible advantage. As a
|
| time he had "too many inquiries." Never
| |
| | result, many parents save for their
|
| mind the fact that he had millions in
| |
| | children's college instead of saving for
|
| assets and nary a late payment in his
| |
| | their own retirement. This act of
|
| 30-year credit history.
| |
| | selflessness is usually not a good
|
| Knowing the Larry Rule is key to your
| |
| | planning strategy.
|
| financial planning. If you apply for
| |
| | In order to avoid this mistake, one must
|
| retail store credit cards every time you
| |
| | have a decent understanding of financial
|
| are asked to do so, it will have negative
| |
| | planning tax implications. Most college
|
| effects on your credit.
| |
| | savings accounts are taxed on some level,
|
| You may then be asked to pay a higher
| |
| | whereas financial planning products for
|
| interest rate on your mortgage or home
| |
| | retirement purposes generally are not.
|
| equity loan, which could cost you tens of
| |
| | What's more, saving for your child's
|
| thousands of dollars. Sacrificing $10,000
| |
| | college can prevent him or her from
|
| for a 10 percent discount at Fashion Bug
| |
| | receiving the maximum financial aid
|
| is not smart planning!
| |
| | available.
|
| Auto Insurance and Financial Planning
| |
| | In other words, by foregoing your
|
| Most people think of insurance as a legal
| |
| | retirement in favor of your child's
|
| necessity, but in reality, it is a
| |
| | college, you are actually subsidizing the
|
| financial product, and that's important
| |
| | children of less responsible parents - or
|
| to keep in mind. Don't ever buy insurance
| |
| | smarter parents who chose to save for
|
| just because it's legally required or in
| |
| | their own retirement, in light of these
|
| order to give yourself peace of mind.
| |
| | facts.
|
| Insurance must serve a financial planning
| |
| | College savings plans normally make
|
| purpose!
| |
| | financial planning sense only for parents
|
| You need to have a planning strategy in
| |
| | with such high incomes that their
|
| mind when you purchase auto insurance.
| |
| | children would not qualify for financial
|
| The insurance company's goal is to get
| |
| | aid.
|
| you to pay more in premiums than you take
| |
| |
|
