The Insurance Doctor

Month: January 2015

  • How Vacations Help Your Health & Wealth!

    How Vacations Help Your Health & Wealth!

    While doing long range planning with folks I’m seeing a lot of stressed out people living below their means and not taking any vacations.  It’s as if they are awaiting the holy grail at age 65.  To me, it makes no sense to skimp on life and keep grinding it out all for a “perceived” great life from age 65-85?  Here’s why!

    1. new york queens forest hills insurance financial services planningIt has been proven that people that work 40-46 weeks/year out produce folks that work 50-52 weeks/year.  I know for myself when I’m going away.  I must be laser focused at least 2 weeks before to prepare and 2 weeks after to catch up from a vacation. Yes, my efficiency improves dramatically!
    2. The mind and body need to have time for rest and recuperation which prevents burnout.
    3. Many develop health issues as they hit retirement age and I’ve seen numerous situations where long-term care health costs have wiped out one’s life savings.  It happened to my grandmother! Don’t fall into the trap of trading time for money in your working years and then trading money for health in retirement.
    4. There is no guarantee that one will live into their 80’s and beyond.  Even with advances in medicine we are all on the roulette wheel of life every day. Seize the day!
    5. The biggest fear of people is the fear of running out of money!

    Stressed and anxiety ridden is no way to live life!  People that have concrete plans with the proper life, long-term care and estate planning done don’t have the same stress levels as those that don’t.  Get planned out and give yourself a permission slip to start spending money, taking vacations and enjoying what precious life we have left.   For more information contact us here today.

  • Don’t Kill Your Retirement for your child’s college education

    It’s no secret. Funding your child’s college education can be a frightening endeavor at best. Unfortunately today many parents are forced to decide to steal from their retirement savings or take out a home equity loan to send their child to college. This has a crippling effect on the parent’s retirement and may endanger the chances of the second and third child to go to the best school they can get into.
    college endowment funding free moneyHere’s the truth. It doesn’t have to be this way. There is a huge difference between student financial aid, loans and grants/endowments (free money). The sad fact is 95% of parents and guidance counselors are chasing after 5% of the money available. Good news. There is a better way. Learn how to extract free money from the schools themselves instead who are often sitting on billions of dollar in endowment funds. Here is one example of recent award letters received by one of the students I was privileged to help who enrolled in our coaching program.