Life Insurance

Managing risk is more important than maximizing gains. We believe you should never invest in anything that you are uncomfortable with or that you don’t understand. While we would prefer to live in a world without risk, this preference simply does not conform to the real world. Therefore, we use risk management techniques and tools to reduce the following risks.

Investment Strategy Consulting Makes Sense

financial planning Frequently, many people want to invest with a hope to be rich overnight. This is not totally impossible - but it seldom happens. So, don’t count on it. It is a very bad idea to start investing aiming to get rich overnight. Instead, a safer approach is to plan to invest in such a way that will enable your money to grow over time slowly. When you have achieved your target, you'll be able to use the returns on your investments for your child’s education or for whatever you have planned to do. However, if you want to be rich quickly with your investments, then you may want to look into short term, high-yield investing. Get all the information you can get about this type of investments before you begin.
Before making your investments, it is better to consult with a well qualified financial planner. He or she should be able to advise and help you in your choice of the type of investment you can go into with the financial goals you've set in mind. He or she should be able to give you an idea of the kind of realistic returns you can expect from your investment and when you can expect to reach your financial goals.
Investing is much more than just contacting your investment broker and giving him or her instructions on which stocks or bonds to buy or sell.

Retirement Planning is a Form of Financial Planning

services A key component for efficient management of your personal finance is financial planning. This dynamic process requires regular monitoring and reevaluation. Otherwise, you risk missing points of evaluation and this could damage your finance control. You should keep under control this circular process by repeated verifications and intelligent manipulation. The following five steps should organize and make your planning easier.
The first step is an assessment of one's personal financial situation. You will do it by compiling, onto a piece of paper, all the personal assets, income and outcome. You should use a simplified balance sheet for listing the values of personal assets (for instance, car, house, stocks and bank account) along with the values of liabilities (such as credit card debt, bank loan and mortgage). Moreover, you should make sure you list personal income and expenses, on a personal cash flow statement form.
The second and most enjoyable step is setting the goals. With this stage, one should formulate his or her material desires in a financial language. You can set long-term goals can such as retiring at 65 years old with a significant personal net worth. You can also make short-term plans, for example: buying a house or a car by paying a monthly mortgage for 3 years but no more than 25% of monthly income. You can also establish several goals both long and short-term, in the limit of your financial resources.

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Dan Levin CPR Consulting

Life Insurance

Managing risk is more important than maximizing gains. We believe you should never invest in anything that you are uncomfortable with or that you don’t understand. While we would prefer to live in a world without risk, this preference simply does not conform to the real world. Therefore, we use risk management techniques and tools to reduce the following risks.

Consulting With You

investing 401k plans differ greatly depending on the employer who sets the rules. The only way to get the most out of the plan is to get to know it and make educated choices.
Things to learn about:
- What is the maximum percentage of your salary you are able to contribute?
- Is your employer matching the contributions? If yes, what is your minimum contribution, before your employer’s contribution starts, and what is the maximum?
- What are the number of years you have to be with the company (so called vesting) to be eligible for the employer’s contributions to your 401k?
- How often can you switch among available investment options?
- Are earnings posted to your account on a weekly, monthly or quarterly basis? When do you get your account statements? Note, it is always more beneficial if earnings are added to your balance more often.
- What methods can you use to access the account? By phone, on the internet or only in writing?
- Did you spread your money among different investments to reduce the risk?
- Did you learn enough about the investments you are using?

Retirement Planning is a Form of Financial Planning

investing Permanent Life Insurance – Permanent life insurance should be purchased for permanent needs. Final expenses and life insurance for retirement are two basic permanent life insurance needs. Life insurance at retirement is critical because it gives you more options to use your retirement benefits for income rather than life insurance.
Term Life Insurance – Term life insurance is for temporary needs. Term life insurance will compliment your permanent base of life insurance. Decreasing term and level term riders can be added to your permanent policy to take care of temporary needs like mortgage protection and short term debt.
It is important to understand why you are purchasing life insurance. You will be much more content when you establish in your own mind the reasoning behind the purchase. Do a little mini-need analysis. Think about what is important to you and who is important to you. Life insurance is a gift of love.

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Dan Levin CPR Consulting

Life Insurance

Managing risk is more important than maximizing gains. We believe you should never invest in anything that you are uncomfortable with or that you don’t understand. While we would prefer to live in a world without risk, this preference simply does not conform to the real world. Therefore, we use risk management techniques and tools to reduce the following risks.

The Stock Market is Not a Sure Thing

cpr Understanding Diversification
Diversification means that you create an investment portfolio that attempts to reduce risk by using multiple types of investments and investing in more than one company, and within more than one industry.
With a diversified portfolio, when one industry or company fails or takes a large hit; the rest of your investments should be strong enough to weather the storm and help minimize the effects of the loss. Diversification reduces your overall risk. On the other hand, if all of your money was invested into the stock of a single company and the company doesn’t succeed, your investment portfolio and net worth is going to take a huge hit and decrease alongside the value of the stock. Additionally, if you invest in multiple companies that are all within the same new technology sector and that particular technology doesn’t take off- your pocket will feel the pain of a failed technology and you may lose your investments!

Your Finances Are Important

services Understanding Diversification
Diversification means that you create an investment portfolio that attempts to reduce risk by using multiple types of investments and investing in more than one company, and within more than one industry.
With a diversified portfolio, when one industry or company fails or takes a large hit; the rest of your investments should be strong enough to weather the storm and help minimize the effects of the loss. Diversification reduces your overall risk. On the other hand, if all of your money was invested into the stock of a single company and the company doesn’t succeed, your investment portfolio and net worth is going to take a huge hit and decrease alongside the value of the stock. Additionally, if you invest in multiple companies that are all within the same new technology sector and that particular technology doesn’t take off- your pocket will feel the pain of a failed technology and you may lose your investments!

(More Info Here and There)

Dan Levin Investments

Life Insurance

Managing risk is more important than maximizing gains. We believe you should never invest in anything that you are uncomfortable with or that you don’t understand. While we would prefer to live in a world without risk, this preference simply does not conform to the real world. Therefore, we use risk management techniques and tools to reduce the following risks.

Consulting With You

services Buying and selling stock can be a good way to boost ones personal finance provided they do it in an educated way. If one does not put research behind their stock decisions then there is no guarantee that one will stand to make any profit from their investment that they have made.
Eliminate unnecessary credit cards. You do not need to have a multitude of credit cards open on your credit report. This costs you a lot of money in interest fees and drags down your credit score if you have them all above 20% of the available maximum balance. Write the creditors a letter and pay off the balance.
Personal finance is a way to address the various uses of monetary resources allocated to an individual or family unit. It takes into account the ways in which the monetary resources are obtained, budgeted, saved, or spent over time and also encompasses the various financial risks and possible future events.

Investing Requires Care

services According to statistics from the National Council on Economic Education, only seven states require high school students to take a personal finance course while eight others require courses with personal finance content.
This was from a 2004 survey that also showed only nine states test personal finance knowledge. These numbers are beginning to change as the state of Missouri joins the fray and will require one-half unit of credit in personal finance instruction for graduation in 2010.
A 2004 national survey by the Jump$tart Coalition for Personal Financial Literacy measured 12th graders' knowledge of basic personal finance. On average, students who participated in the survey answered correctly only 52.3 percent of the questions - an "F" in most high school classrooms.

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Dan Levin Investments