Tagged With: insurance

The worrying connection between long-term care insurance and the Roth IRA

I talked last time about long-term care insurance (LTCI), and how it can be a great tool to hedge against the incredible medical costs of things like nursing home care. This is, of course, assuming that the insurers stay in business, which they don’t always do. Perhaps this is a bit of a mental leap, but … Continue reading »

Categories: Radical Finances | Tags: , , | Leave a comment

Is long-term care insurance still a going concern?

Medical costs are scary. Medical needs definitely count as emergencies, but the costs can be incredible. I always recommend a savings of at least six months of bills and expenses in your emergency fund (here’s what that means for you), but that can get eaten up in a pinch by medical costs, especially if you’re … Continue reading »

Categories: Radical Finances | Tags: , , , | Leave a comment

Where do you put short-term savings?

I was asked this question recently: “I have about $10,000 that I don’t need to touch for a while, and I was thinking of investing it so I could make the most of it. Where do you recommend I put it?” This is a great question, because it has a lot of nuance, so it’s … Continue reading »

Categories: Radical Finances | Tags: , , | Leave a comment

Why I may have life insurance even if I never purchase it

What’s the purpose of life insurance? It’s to help replace your income to your beneficiaries in case of your death. With regard to the giant payout that a term life policy generates, if invested properly, not only can it be used to take the place of your lost income, but it can also be invested, and … Continue reading »

Categories: Radical Finances | Tags: , | Leave a comment

Why I’m thinking about getting life insurance (before I need it)

Life insurance is the teeth-flossing of financial products. It’s something you know you need to deal with, but you really don’t want to. Luckily, unlike flossing, there are those who don’t really need it. The question about life insurance is answered by asking the question “does anyone depend on my income?” If yes, then you … Continue reading »

Categories: Decisions, Radical Finances | Tags: , | Leave a comment

How to pay for a deductible

  I wrote about how to choose a deductible. Here is the equation we came up with. Choose a higher deductible over a lower one when: In general, I recommend higher deductibles over lower ones. A $1,000 deductible might seem like a lot, but if it saves you money over the long term in premium … Continue reading »

Categories: Radical Finances | Tags: , , | Leave a comment

How to choose a deductible

  WARNING: This post contains math. My car was hit the other day. We got a freak snow storm here in normally-rainy Portland, and people do not know how to handle driving in this weather. (To be fair, Oregon doesn’t salt the roads after a snow storm. This feels slightly insane to me, but I guess … Continue reading »

Categories: Decisions, Radical Finances | Tags: , , , | Leave a comment

Should transit be free?

  It’s a drag to have to pay for public transit, right? I know the feeling. As a teenager, I could certainly have put that money to different uses. When I first went to Europe and discovered transit systems that operated on the “honor system”, my friend and I “honorarily” gave ourselves free rides. I … Continue reading »

Categories: Awareness, Connection | Tags: , , , , | Leave a comment