Blog: Insurance and Planning Questions and Answers

Insurance! Why does it have to be so complicated?!?

Well, it doesn’t. But then again, my cousin the neurosurgeon understands that subject pretty well, too. Not me!

Some aspects of insurance are pretty easy to understand. When your home catches fire, you need money to rebuild or to get another place. When someone crashes into your car, you probably need a rental while yours is getting repaired.

But then, you can listen to the radio or read a magazine and hear conflicting opinions about what kind or how much life insurance you should have.

Then there’s a lot of conversation going on concerning health insurance, the Affordable Care Act, and whether we should change the laws to allow for selling/ buying health insurance across State lines. Funny, I’ve obtained health insurance from companies from several States for clients in several different States for a few decades. For instance, I live in the Memphis, TN area, and have obtained health insurance for clients in TN, AR, MS, SC and more from Companies in Nebraska, Iowa, Tennessee, and Kentucky.

So why are otherwise intelligent people spending so much time proposing that we start doing something that has already been happening for a very long time? Actually, it’s simple: they just don’t know.

No one person can be an expert in every known subject. That’s why I don’t try to do brain surgery!

So the next time you have a question about retirement planning, health Insurance, life insurance, health insurance, or any of that ‘insurance stuff,’
give a call to 901-308-8893 or toll-free 866-820-0477.

If we can’t help, we’ll put you in touch with someone who can. Really.

We’d love to hear from you!

6 thoughts on “Blog: Insurance and Planning Questions and Answers”

    1. do to an auto accident 2004 i wokerd as an school bus driver and could not return to work due to major injury i had to withdraw my pention and now i have to pay penalities i also resign now i am back into the school system what can i invest in to catch up? i am 55yrs old.

      1. Dear Charles:

        Thank you for your question on

        I don’t know enough about your specific situation to make specific recommendations.
        However, I will make some general statements that may be helpful:

        at age 55, you should have a large part of your savings in secure instruments. Frankly, I can’t imagine that you would want to put your money into anything that had a chance of going down in value. Even the best stocks, mutual funds, bonds, and so forth can gain or lose value. For instance, I’m thinking of a particular Fortune 500 company, very successful, and a household name whose stock price dipped 5% in just the past week, and has dipped 8% over the past three months. It may bounce back, but may continue to slide, or stay steady where it is.
        Losses in your savings or investments reduce your time and opportunity to recover and grow once again prior to your retirement age.

        Thrift is always a good idea, and can free up money so you can put more into your savings or your ‘rainy day fund.’ Some ideas:
        Keep a journal of every penny you spend, and for what. Do this for 30 days. (yes, I know it’s a pain.)
        This will help you to get a clear picture of where your money is going.
        Pay with cash whenever possible. Merchants know that on average, shoppers spend as much as 23% more money when paying with a card. This is true to a lesser extent when you write a check, but the principle still applies.
        Avoid movie theaters. If you do go to a movie theater, attend a matinee for a lower ticket price, or better still,
        rent a movie online for $3 or $4, or “Red Box” or
        attend a “Second Run” theater. Those blockbuster movies from a few months ago are still the same movies they were when they were first released, and will cost roughly 25% of the price of a “First Run” movie theater. The difference is when you see the movie.
        There are free, legal web sites on the Internet that allow you to see excellent TV shows and movies at no cost. Examples: Crackle,, etc.
        Eat out very seldom. Make it a special event. This includes drive-through windows.
        When you do eat out, drink water instead of paying $2 or more for some other drink.
        Plan your menu for at least a week before going the the grocery store.
        Buy groceries after planning your menu, and after taking stock of what you already have on hand before shopping
        Eat something satisfying (not sugary) before going to the grocery store.
        Check the tire pressure on your car at least once per month.
        Use the recommended octane level fuel for your car. There is almost no advantage to pay a higher price for higher octane fuel, and it wastes a few dollars every time you do that. That’s money you can keep in your pocket!
        Drive gently whenever possible. I told my children to drive in such a way that they wouldn’t spill my coffee!
        Combine trips. You’ll save gas, and time, too!
        Check your telephone and cell phone plan for potential savings.
        Switch from cable TV to an antenna. In my area, it’s pretty easy to get 30+ channels with an antenna. No monthly cable TV bill!
        Shop at thrift stores for clothing if at all possible. Sometimes a brand new $90 shirt can be had for less than $10. No kidding.
        This may seem a bit odd, but start looking for opportunities to give. It may be giving to your church, to a homeless shelter, or some other way. You will find that when you give to others, you will also improve your thrift, be more thankful for what you have, and, I believe, you will be blessed in the process.

        There are quite a few other ideas, and these may seem quite obvious…. but maybe not. I hope these few ideas are helpful.
        To get more specific, we need to talk.


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