Friday, January 22
Shadow

Banking

Why More People May Buy Life Insurance in 2021

Banking, Life Insurance
A federal law passed at the end of 2020 has made permanent life insurance more attractive to some people. The law essentially tweaks the tax code to allow owners of permanent policies to put more money into the savings portion of their policy. As we have explained previously, permanent policies, also known as whole life policies, are a combination insurance-and-savings vehicle.Source: moneytalksnews.com

7 Top Costly Mistakes Investors Made in 2020

Banking
Warning: Big investing mistakes can be hazardous to your wealth. One or two basic blunders can undermine years of diligent saving and crush your dreams of building life-changing wealth. Financial professionals see investors make such errors all the time. Recently, they identified the most common of these mistakes as part of the 2020 Natixis Global Survey of Financial Professionals.Source: moneytalksnews.com