retirement

Essential Tips for Managing Your Personal Finances Effectively

Essential Tips for Managing Your Personal Finances Effectively

Last Updated on February 17, 2024 / Manage Money

In today’s ever-evolving economic landscape, effective personal finance management is more crucial than ever. Whether you’re navigating through the early stages of your career, planning for retirement, or somewhere in between, understanding the fundamentals of financial planning can set you on a path toward long-term security and peace of mind. In the forthcoming sections, we’ll […]

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LIRPs

All You Need to Know About LIRPs: A Rich Man’s IRA

Last Updated on January 15, 2023 / Insurance, Investments, Retirement

In 2020, when I sold some of my website properties (details here), my Edward Jones advisor recommended that I set up a “rich man’s IRA” to which I looked at him dumbfounded asking what that was. He explained that many affluent people invest in LIRPs. LIRP stands for Life Insurance Retirement Plan. What’s about a

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