It continues to amaze me how many people don’t like to discuss the end of their lives, believing somehow that discussing their death will hasten it. What about you? Is death a topic you prefer to avoid?
People have lots of ideas about debt; some believe there can be good debt and bad debt. Others believe we should avoid debt altogether.
I remember how purposeful my sisters and I were those first few years in honoring my mother at Christmas after she passed. She loved her grandchildren, and she loved to give them gifts.
Budget: a word that causes stress and anxiety for some while helping others bring order to their lives. Do you wish you had something to help you get your finances in order but believe creating a budget would be impossible?
I began thinking lately about the comparisons we women make with other women. We compare our social media posts, homes, cars, children, husbands, careers, body types — the list goes on.
What if you could use the magic of compound interest for decades (i.e., a child policy), yet never pay taxes above basis because you take distributions as a loan?
It is not deemed as income, is not subject to required minimum distributions, and will not affect taxation on social security if in a life insurance policy. Death benefits are tax-free as well.
As a parent or grandparent, you can leave a legacy by using the magic of compound interest.
