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Archive for March 2012

March 5, 20122 years ago

Insuring Against Mistakes

Some things to consider when buying life insurance:

BUY convertible term insurance if you do not have time to understand the risks of a proposed cash-value policy.

ASK the agent if you can get a better deal by combining one or more riders with base coverage.

PAY the minimum premium to get the policy in full force, and then review the contract to decide on the best premium schedule. Read more

March 5, 20122 years ago

Is Time On Your Side?

How long do you have to keep your tax records?  Like many issues of law, it depends.  Practically speaking, the statute of limitations on additional tax assessments runs for three years from the time you have filed your tax return or the due date, whichever comes later.  For example, you should hold onto 2010 records until at least April 18, 2014 (October 17, 2014 if you have obtained a filing extension). Read more