Insurance

Life Insurance in Early Retirement… Cancel or Keep It?

22 Comments / Financial Independence / Retire Early (FIRE), Insurance / By / June 18, 2020

I just paid the $335 annual premium again for the term life insurance policy we have in place on Lisa… same as I do every June. Then every January we pay the $673 annual premium on the term life insurance policy on my head. We’ve paid $1,008 out of our pockets every year since 2010. That’s over $10,000 spent on something we haven’t gotten anything out of at all. Our 20-year policies expire in the year 2030 so that’s another …

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Expat Health Insurance – Our Plans for Panama

27 Comments / Financial Independence / Retire Early (FIRE), Geoarbitrage, Insurance, Panama, Travel and Vacation / By / September 24, 2019

Expat health insurance – the one piece of retirement unique to those living in another country. One of the biggest struggles for folks wanting to pull the trigger on early retirement in the U.S. tends to revolve around healthcare.  Unfortunately, I can’t help you with that one except to say to plan for the worse.  You have to build the unknown into your FIRE number because it can be the one wildcard that can throw off anyone’s plans. That sucks, …

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Should You Buy Disability Insurance?

8 Comments / Estate Planning, Financial Independence / Retire Early (FIRE), Insurance / By / September 24, 2019

When I used to think about disability insurance, it used to be a “yeah, yeah…” subject for me.  In fact, if you asked me a year ago if I should buy disability insurance, I would have told you that I was already covered. Here’s the problem… I’m really not. I’ll talk about the “why not” part shortly, but first, let’s dig into what disability insurance is all about…   What is disability insurance? Disability insurance is intended to help cover you in …

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Protecting Your Assets

Protecting Your Assets

8 Comments / Debt, Estate Planning, Financial Independence / Retire Early (FIRE), Insurance, Investments, Real Estate / By / September 24, 2019

So, you’re going down the right path on the road to financial freedom slowly but surely, but you want to make sure that you’re protecting your assets in the meantime?  Well, hopefully, this post will help you with some ideas! I’ve noticed that as I’ve started to build up my assets, my needs have started to morph as well. I now have rental properties, multiple LLCs, and growing and expanding savings, investment, and retirement accounts.  And, as the accounts continue to grow, …

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