• The exact advice I give to my financial planning clients when they ask me how much life insurance to buy

    6 days ago - By Business Insider

    Summary List Placement
    There are three groups who always need life insurance: married couples, people with dependents, and co-business owners.
    I advise married couples to get enough life insurance each to cover any debts, including mortgages and student loans.
    Those with dependents should get enough life insurance to replicate your income for a specified period of time, such as through your child's 18th birthday.
    For co-business owners, each should obtain enough life insurance to "buy out" a co-owner's heirs if one partner should die.
    Policygenius can help you compare life insurance...
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  • Inside the 3-part 'bucket' plan that a financial planner advises for millennials who are earning 6 figures but not saving

    Inside the 3-part 'bucket' plan that a financial planner advises for millennials who are earning 6 figures but not saving

    6 days ago - By Business Insider

    Summary List Placement
    Keeping up with the Joneses can be the downfall to truly getting rich.
    That's why some millennials making six figures feel so broke. They fall victim to lifestyle creep, Gideon Drucker, a certified financial planner at Drucker Wealth and author of the book "How to Avoid H.E.N.R.Y. Syndrome," told Business Insider. Lifestyle creep happens when someone increases their standard of living to match a rise in their discretionary income.
    This cohort of millennials - known as Henrys , short for "high earner, not rich yet" - doesn't have a plan to make sure they're saving...
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