Most people don't think much about insurance after retirement other than auto and homeowners coverage. But the reality is that financial security during retirement includes at least three additional types of insurance. All three protect against running out of money after the ability to earn more has ended. The three are:
Read the rest of this entry »

In a recent Washington Post article, Color of Money writer Michelle Singletary, in collaboration with author Kim Lankford, discusses the value of Return of Premium term life insurance (ROP). She goes through some rather complicated mathematical calculations to demonstrate that such policies are a good buy. She may well be right - mathematically. But life insurance is about much more than rates of return of alternative investments on premium differentials. (See what I mean?) Read the rest of this entry »

The reason medical schools require future doctors to study clinically as well as academically is so they can take the book learning and see how it is actually applied at the bedside. Theory is great, but if it doesn't work in practice then it is of limited value. Read the rest of this entry »