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Yolander Prinzel Why Life Insurance Matters Even More Right Now

Life insurance has always been an important purchase for people to make. The death benefit your beneficiaries receive when a life insurance policy pays out can be used to pay off debt, keep your family in the home you worked so hard to create for them and help ease the financial burden caused by the loss of a family wage earner.

But now, while college savings and retirement accounts struggle to get back up to pre economic downturn values, life insurance can provide an even more valuab… Continue

Added by Yolander Prinzel on March 10, 2010 at 9:30pm — No Comments

Yolander Prinzel Doing It Wrong Often Costs More Money than Paying Someone To Do It Right

I am about to rock your world with a startling confession. Alright, so this confession probably won't rock your world and it probably isn't all that startling... but it hurts my pride to speak of it, so please pretend you're rocked and startled since that will make the pain a little more bearable.

When it comes to taxes, I am like a clueless infant. Worse than that, I am like a weeping, clueless infant. I can read IRS code and understand it pretty well, but when it comes to figuring ou… Continue

Added by Yolander Prinzel on March 3, 2010 at 8:30pm — No Comments

Yolander Prinzel An Attempt to Understand The Credit CARD Act of 2009

The Credit CARD Act of 2009 is a 45 page long amendment to the Truth in Lending Act that makes for a wonderful cat bed—at least, that’s what my cats seem to think as they both stretch out luxuriously on its pages. And that’s fine for them, after all, they don’t have to worry about interest rates, late payment penalties, underage consumers and financial literacy because those are all human problems.

Honestly though, I’m not sure my understanding of the verbose Credit CARD Act of 2009 is… Continue

Added by Yolander Prinzel on February 24, 2010 at 2:00pm — No Comments

Yolander Prinzel Coming to Terms with the Thought of Permanent Frugality

For some people, a frugal way of life is very easy to adopt. It could be because of a job loss, the birth of a child or a lifestyle change, but for whatever reason these people find switching over to a frugal lifestyle easy, fun, challenging and exciting.

Some people find frugality less fun. Whether it’s because they have a high paying job and don’t see the need for frugality, because they don’t have a family to support, or because they don’t think they have time for frugality, these fo… Continue

Added by Yolander Prinzel on February 17, 2010 at 7:35pm — No Comments

Yolander Prinzel Financial Literacy Part 10--Utilizing Life Insurance Riders (part 3)

Now we’ve come to the benefit riders. These are riders that add additional benefits to your life insurance policy.

Benefit Riders

Accelerated Death Benefit Rider: The accelerated death benefit rider is a rider that pays out a portion of your death benefit before you pass away. Obviously, this rider has some very important caveats or life insurance companies would be advancing payments every five mi… Continue

Added by Yolander Prinzel on February 10, 2010 at 2:45pm — No Comments

Yolander Prinzel Financial Literacy Part 9--Utilizing Life Insurance Riders (part 2)

This week, let’s talk about premium riders. Those are riders that somehow affect your life insurance premium. Premium Riders Waiver of premium: The waiver of premium rider is one which waives your annual life insurance premium if you become disabled over the life of your policy. It is important to remember that the waiver of premium rider generally only kicks in when you lose your income as a result of a qualifying disability. This keeps your life insurance policy in-force even w… Continue

Added by Yolander Prinzel on February 3, 2010 at 8:30pm — No Comments

Yolander Prinzel Financial Literacy Part 8--Utilizing Life Insurance Riders (part 1)

Like any complex financial product, life insurance isn't really a point-and-click type of purchase. In order to maximize your premium dollars and create a policy with real value for you and your family, you must consider the purchase of life insurance riders. A rider is basically an additional benefit you can tack on to your policy. It's kind of like buying a model home with upgraded counter tops. The rider costs a little bit of extra money but provides an additional benefit and they are genera… Continue

Added by Yolander Prinzel on January 27, 2010 at 5:00pm — No Comments

Jonathan Pond Two top tips for workplace retirement savings plans

Rollover your workplace retirement plan investments from a former employer into your IRA. A surprisingly large percentage of individuals who change jobs (either voluntarily or involuntarily) leave their retirement plan money - 401(k), 403(b), 457 plans - with their former employer. This may not be wise because most such plans offer a very limited range of investment choices and many plan investm… Continue

Added by Jonathan Pond on January 25, 2010 at 4:15pm — No Comments

Jonathan Pond The sooner you plan your summer vacation, the better

You'll probably get cheaper airfares and a better choice of accommodations at a better price if you plan your vacation now. Also, you don't have to travel great distances and spend gobs of money to have an enjoyable vacation. Think about it: you probably live close to areas that other people travel thousands of miles to visit.… Continue

Added by Jonathan Pond on January 22, 2010 at 2:08pm — No Comments

Yolander Prinzel Insurance

I was watching some footage of Anderson Cooper saving a young boy's life in Haiti and I started thinking about natural disasters. The tsunami in 2004, hurricane Katrina, this earthquake (and aftershock) in Haiti, the wild fires in California, and all the other disasters in between. You know as well as I do that there is no way to insure yourself against being in a state, country or area that experiences a natural disaster. There is no insurance you can buy that makes sure you are never affected… Continue

Added by Yolander Prinzel on January 20, 2010 at 5:00pm — No Comments

Yolander Prinzel Emergency Planning in a Hurry

This week while we were at Home Depot buying some carpet, my husband broke a tooth. It was his odd love for beef jerky that initiated the break, but regardless of what the cause, it was broken. These things can happen to any of us at any time, whether we have dental insurance or not, whether we have emergency savings or not. And you can't exactly leave a broken tooth unfixed for an indefinite period of time...you know...stuff can get in there and make an already expensive situation positively ca… Continue

Added by Yolander Prinzel on January 13, 2010 at 7:38pm — No Comments

Yolander Prinzel Easy Money "To-Do" List by Suze Orman

This is a great list of things for everyone to do to rehab their budget. Did Suze Orman forget anything? If so, add it below! Continue

Added by Yolander Prinzel on January 7, 2010 at 1:30pm — No Comments

Yolander Prinzel Dickens Teaches Us a Thing or Two About Budgeting

Lately I’ve been reading Dickens’ classic tale, David Copperfield. Like most Dickens novels, David Copperfield has orphans, urchins, child labor, mean adults and people who dress in way too complicated a manner for daily life. But David Copperfield has a very important character whose way of living and resulting insight is still relevant today. That character is Mr. Micawber, a man of little means who has grandiose ideas. Mr. Micawber constantly dreams of the things he will… Continue

Added by Yolander Prinzel on January 6, 2010 at 2:30pm — No Comments

Yolander Prinzel Making Financial Resolutions that Stick

Every year, I like to delude myself by making New Year's resolutions that involve eating healthier, exercising daily, and spending more time being active (outside of the daily exercise). These are important resolutions because, if left to my own devices, I would watch sci-fi movies and eat potato chips and French onion dip with a Ben and Jerry's chaser all day every day. While these goals do help me make some changes in my overall eating and activity habits, they begin as the insane ramblings o… Continue

Added by Yolander Prinzel on December 30, 2009 at 6:30pm — 1 Comment

Jonathan Pond Do you have enough life insurance?

If there are people in your life who would suffer financially from your demise, then you need life insurance. If you've got kinds, you probably need a lot of it - $1 million is not an uncommon need for a breadwinner with a couple of kids. And remember, the insurance provided by your employer is never enough. … Continue

Added by Jonathan Pond on December 30, 2009 at 9:30am — No Comments

Jonathan Pond Request duplicate investment statements for seniors in your life

Investment fraud is on everyone's mind lately, and seniors are victimized more than any other age group. If you've got a parent or older-generation family member who isn't paying much attention to his or her investments, request duplicate copies of the monthly statements. While the vast majority of investment professionals are completely above board, some take advantage of senior citizens. Dupl… Continue

Added by Jonathan Pond on December 28, 2009 at 9:24am — No Comments

Yolander Prinzel IRA Lowdown...Yes, there is still time!

Well, here it is almost 2010. The 2009 tax year is just about toast and any IRA contribution deduction you want you have to secure before you get that midnight kiss as New Year’s Eve turns into New Year’s Day. Or do you? If you have an IRA that was open prior to 2010, you can make a contribution any time before April 16th and choose to have it attributed toward either 2009 or 2010. Just make sure you let the firm holding your IRA know what tax year you want the contribution attributed to. Of co… Continue

Added by Yolander Prinzel on December 23, 2009 at 5:11pm — No Comments

Jonathan Pond There is still time to make charitable contributions

Charitable contributions are down because families and other donors are strapped. So if you can spare money or appreciated securities, this is an important time to help a worthy charity. As long as you mail the check or make a denotation on your credit card before January 1, you'll earn a deduction for this year even if the check doesn't clear until next year or the charge doesn't appear on your st… Continue

Added by Jonathan Pond on December 21, 2009 at 1:00pm — No Comments

Yolander Prinzel Financial Literacy Part 7--The Difference Between Accountants and CPAs

If there is one thing that people universally dread it is tax season. For business owners tax season comes up to five times a year. No business owner should go through these quarterly and annual paper-cut ridden days without their new best friend—a CPA and many non-business owning individuals should consider getting one too. What is a CPA? CPAs, also known as Certified Public Accountants, are number crunchers with accounting degrees who have also taken the financial industries equivalent to th… Continue

Added by Yolander Prinzel on December 16, 2009 at 11:30pm — No Comments

Yolander Prinzel Protect Yourself Against Identity Theft

Earlier this week I came across this article which reminded me of just how bad your life can get when you are the victim of identity theft. Correcting your credit report, clearing your name, erasing the debt for financial decisions you never made--it is all overwhelming, time consuming and really, really hard. So instead of being loose about our personal information and having to correct the situati… Continue

Added by Yolander Prinzel on December 9, 2009 at 8:44pm — No Comments

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Yolander Prinzel added a discussion to the group Busy Family Life
Winter fun!
This winter has been extremely rough weather-wise. Even here in Florida we've seen weeks of weather in the 30s and 40s. How are you keeping your kids entertained during weather that's too cold to play outside in? What are you and your family doing t…
March 15
Yolander Prinzel added a discussion to the group Planning for Retirement
43% of Americans have less than $10K saved for retirement
According to CNN, the number of workers who claim to have less than $10k saved for retirement increased this year from last year. Naturally, this is also causing some folks to push back their date of retirement. While this might make some of us feel…
March 10
Yolander Prinzel added a blog post
Life insurance has always been an important purchase for people to make. The death benefit your beneficiaries receive when a life insurance policy pays out can be used to pay off debt, keep your family in the home you worked so hard to create for th…
March 10
Yolander Prinzel added a discussion to the group Buying a Home
Looking for a way to save?
If you are looking for an easy way to save money this spring, CNN.com's got some ideas for you!http://money.cnn.com/2010/03/08/pf/save_money.moneymag/index.htm
March 8
Yolander Prinzel added a discussion to the group Having Children
Dancing with the Children?
Kate Gosselin is on this season of Dancing with the Stars and I want to know how you think she is going to manage her dancing rehearsal responsibilities along with parenting 8 kids. I guess it's possible that the time commitment will be no worse tha…
March 3
Yolander Prinzel added a discussion to the group Welcome to the Real World
The Importance of Your Passion in a Job
I was reading this article on CNN.com about finding a job in the "green" sector, and I started wondering how important finding a job in a field you are passionate about is to you. Thoughts? Would you give up a high paying job because it didn't align…
March 1
Yolander Prinzel added a discussion to the group Starting Over
Changing view of couple's finance
Has becoming divorced or suddenly single changed your view of joint finances? Has it made you more or less likely to share bank accounts and credit cards with a significant other?
February 24
Yolander Prinzel added a blog post
The Credit CARD Act of 2009 is a 45 page long amendment to the Truth in Lending Act that makes for a wonderful cat bed—at least, that’s what my cats seem to think as they both stretch out luxuriously on its pages. And that’s fine for them, after all…
February 24

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