When I think about life insurance, the three words that come to mind are: Misunderstood, Mis-sold, Mismanaged Life insurance is one of the most misunderstood financial products by consumers. Life insurance is one of the most mis-sold financial products by insurance agents. Life insurance is one of the most mismanaged asset by wealth managers & financial advisors. The combination of these three M’s ultimately gives a very valuable product a tarnished reputation causing many to underestimate the importance of life insurance in a holistic financial plan.

With interest rates hovering at historic lows levels, its been quite a struggle to find a decent interest rate on your cash. Most of the banks are paying next to nothing and short-term treasuries are not faring much better. Enter, The I Bond.

Many people have spent a lifetime saving and accumulating money in tax-deferred retirement savings vehicles like the 401(k), 403(b), 457, IRA, SEP IRA, or TSP Plan (non-Roth retirement accounts). In extreme cases, taxes could erode up to 70% of the value of these accounts without proper planning. Let’s look at the eleven potential taxes on your retirement assets.

Ever think about changing your residence from California as an income tax savings strategy. With the highest rate of 13.3%, this may seem like a smart plan (particularly in retirement), but fear of being chased by California's Franchise Tax Board can be real.

There are many risks in retirement, but, with today’s market valuation, one of the biggest risks is the potential for a market correction while you are drawing income from your retirement accounts.