beneficiary ira
Related Questions & Answers
7 articles
Gerber Life Insurance
Asked by T.J. from Seattle
on June 15, 2010
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My stepmom has offered to pay for life insurance for my two daughters. When she sent me the paperwork to sign she listed herself as the beneficiary! Is that weird that...
Answers
- Totally weird. That's going to be a hard one to approach, but maybe you can talk to her about these things?
- We have gerber life insurance for our children. Just a heads up here the policy is pretty much just enough to pay for a funeral. Have you discussed this with her? ...
- Generally speaking, it's not a great idea to insure a liability. You should only insure assets (house, car, people who earn an income or take care of the kids). As odd...
Inheritance
Asked by S.O. from Chicago
on November 13, 2011
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If you inherited a large sum of money would you put your spouses name on the bank account equally or would you just make them a beneficiary? I understand by law whoe...
Answers
- We only have "our" money...so no more than my husband's paycheck is "his" then no more would an inheritance would be "mine". I guess it depends on your marriage b...
- It really depends on your relationship for one thing and your situation for another. Does your spouse handle money well or not? If he's a spender and would blow it a...
- I would put your kids as beneficiaries.
Seeking Wealth Manager or Financial Planner and Tax Advisor
Asked by D.L. from Dallas
on July 21, 2005
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I am looking for a trustworthy person/company who can help us with financial planning..including wealth management and tax advice. I've been doing our own tax returns...
Answers
- I would like to refer you to a wonderful financial planner my husband and I use. We live in Denton but travel to Dallas twice a year to review our accounts. His name...
- Hi, D.. I tried to respond with a referral but the system wouldn't recognize Lewisville as an acceptable city in Texas. Anyway...I recommend Ken Orbin of Orbin & C...
- Hi there. I have a referral for you but I only have the email address with me. Ms. Jeanne Dunlap is a good accountant. I was referred to her for help this next year...
Who Do I Go to for This? Seeking Possible Financial Advisor
Asked by K.P. from Kansas City
on July 11, 2008
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I am seeking someone who can teach me about financial issues. Right now my husband and I could die and I don't know what would happen to our home, our child etc. I kn...
Answers
- I highly recommend Martin Meyers- financial planner with Edward Jones. His number is ###-###-####. Our friends recommended him a few months ago. He is by far one o...
- I would recommend that you visit with a couple of different folks and learn about their particular philosophies and values. It is important to take a look at the whole...
- We used a group called Lighthouse investments (I know it is lighthouse but not sure about the investments part). The financial planner we saw was Rick Bain. We set up ...
Savings for Baby
Asked by J.R. from San Antonio
on October 21, 2009
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I just had a baby 4 weeks ago and I have a good friend who wants to start a savings plan for him. My question is has anyone done this and what is the best way to do i...
Answers
- Hi J., check out http://www.savingforcollege.com/ it has all of the 529 plans. You don't have to use one for Texas, you can use the best one to fit your needs. Congr...
- Hello, I have 2 little ones and a friend of mine said that the best one to join when the open enrollment is the Texas tommorows fund. He has it for his 2 daughters the...
- Robert at Fries Financial in College Station set up a 529 plan for us. He's incredibly honest and very easy to work with. Best wishes to you!
Saving Money for College
Asked by Y.W. from Orlando
on June 29, 2010
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We are finally ready to start saving money for college for my 18 month old, but there is so much information out there and it's so confusing. I've gone through several...
Answers
- using a financial planner is the best way to lose money. Seriously, if you aren't truly wealthy, you win the investment game by not paying others fees on your investme...
- As a single Mom I did not have the opportunity to save for my girls college but I do know from their friends that were in college the 100% pre-paid plan you can get th...
- I have a wonderful financial planner through Edward Jones. When we opened a college savings plan, she showed me all of the options and helped us compare them. We have ...
Gerber Insurance That Great?
Asked by N.V. from New York
on November 20, 2008
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my daughter is almost 9 months old and i was looking at the gerber things you get in the mail about life insurance for you and your partner and then the life insurance...
Answers
- Hi N., Our financial advisor (who is also my uncle) told us that you should NOT put any money into life insurance for your child. The purpose of life insurance is t...
- N., This is basically a whole life insurance policy for a baby, which is a complete waste of money (ask any honest financial planner and they'll tell you the same)....
- I agree with Lori...My mom took out the Gerber plan for my son. The $10k plan. My husband and I have our life insurance through AIG. good prices on our plans and we to...
