Should I pay off my mortgage or invest the extra money? The honest framework: why your rate decides it, the four factors that matter, and what comes first.
Written by Peter Guggisberg, Financial Services Representative with Vermont Financial Group of NY (a MassMutual general agency) and the advisor behind Noah's Ark Financial.
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Most families think financial planning means picking investments. It actually starts earlier, with the order you put your money to work: the cash cushion, the debt, the savings rate, then the products. Here is the order of operations I walk Hudson Valley families through, and why getting it backwards is the most common mistake I see.
My honest take on term life insurance in your 50s: the household shapes where a Hudson Valley 55-year-old still needs the coverage, the shapes where buying more is a mistake, and the one question I use to tell them apart.
The Poughkeepsie owner-operator whose business is worth more than the books show is the one most exposed when something happens, because the business is the estate and almost none of it is liquid. Here is the part of the trade business owner estate plan I actually handle, and why the messy-books excuse is the expensive one.
Your family, your numbers
Thirty minutes with Peter, mapped to your real numbers. Free first call, no pressure, no auto-pitch.
