Having our kids buy life insurance on us is not something you hear every day.
Life insurance and the stock market are two ways you can increase your savings for retirement but which is a better investment?
Single Premium Life policies give you control over your financial investment, providing access to the cash value for emergency situations and retirement.
Use backwards life insurance to create tax free income.
No one needs 100-percent penalty-free access to all of the money in their life, because no one would ever spend all of their nest egg unless they were very sick and trying to save their lives.
According to Charlie Jewett of Renovating Retirement, the first big myth with annuities is that they have high fees.
By definition an Annuity is simply a contract.
Most people do their savings and accumulating of retirement assets (their nest egg) in stocks, bonds and mutual funds because that's what most advisors like to sell.
Charlie Jewett of Renovating Retirement is using fries and a salad to bust an investing myth that mutual funds are a good investment.
Conventional wisdom tell us to hire a professional to do the work we need done because they will do a better job.
Charlie Jewett of Renovating Retirement, calls understanding the danger of this myth, "the most important thing you've ever learned about money".
According to Charlie Jewett of Renovating Retirement, fees probably have the most impact on people's future retirement goals.