| Is Your Financial Security at Risk? |
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The topic of insurance is not sexy by any means. Perhaps that's why so many people avoid addressing it. Another reason may be a bit more subconscious--the avoidance of future, indeterminable events, in favor of present-day issues with more certainty.
You are probably aware that many Americans are vastly under-insured. Home and auto insurance are important, and most people have that covered. What I am referring to, more appropriately, is your (1) life insurance, (2) long-term disability insurance, (3) liability insurance, and (4) long-term care insurance. It is almost amusing to see someone walking around with a $60 cell phone that they have paid to insure, while their multi-million-dollar body is completely unprotected! I said almost! Before addressing a client's investment situation, I always ask them to first consider the following four questions: If you were to die, would your family have enough money to both pay off the house and live off the earnings from your savings? If you were to injure your back, would you be able to cover the rehabilitation once your short-term coverage ran out? If you were to develop a long-term debilitating illness, could you afford $90,000 per year for excellent home care? If you抳e answered 搉o?to any of these questions, you might want to consider re-evaluating your level of protection. ?2004 Matthew S. Clement, All rights reserved Matthew S. Clement is a financial planner and investment advisor representative with Financial Network Investment Corporation, member SIPC. He provides holistic wealth management and retirement planning to individuals and businesses. He can be reached in New York at (845) 942-8578, or by email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
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After U.S. oil snub, Canada focuses on China
(Reuters)
Reuters - Canada will focus on exporting oil and other goods to China and other booming Asian economies even if Washington overturns its decision to block a pipeline that would have sent more Canadian crude to the United States.
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MF Global shortfall worsened as bankruptcy neared
(Reuters)
Reuters - The trustee liquidating MF Global Holdings Ltd's broker-dealer unit said the shortfall in commodity customer accounts began five days before the company's bankruptcy and grew in the days leading up to the Chapter 11 filing.
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Analysis: Brent premium to U.S. oil set for another blowout?
(Reuters)
Reuters - Brent crude's premium to U.S. oil could be poised for another record run after jumping 50 percent over the past week, as an expected build in Midwest inventories again exerts pressure on the U.S. benchmark.
