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SMART MONEY STRATEGIES FOR EVERY AGE AND SITUATION
Your 40s and 50’s—The Peak Earning Years

Section 5 of 11:
CARS:
Is Now the Right Time to Buy?
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Along with purchasing a home and funding college tuition, buying a
car numbers among the largest investments you will ever make.
long gone are the days when you could spend $5,000 for an
economy car that would last for years. Today, cars come in a
staggering variety of styles and price ranges and offer an incredible
array of options. Use this report to help you determine whether
now is the right time for you to make such a great investment.

This report will help you learn how to micro-manage your funds so
that your money multiplies itself. Each section contains useful tips,
techniques and action strategies you can implement right away.

Read on and reap the financial rewards!

Jordan E. Goodman
America’s Money Answers Man
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

CARS:
Is Now The Right Time to Buy?

While in your 40s and 50s, you might need a larger, more luxurious
car than you owned when you were younger. You may need two or
even three cars, depending on how many drivers are living at
home. This may be because you have children in the house who
tote much paraphernalia when they attend football practice or
music lessons. Also, as you age, you often value comfort over
flashiness.

You may find it more advantageous to lease a car and invest your
excess capital in stocks, bonds, and mutual funds rather than tie up
a lot of money in a car certain to depreciate in value.

HOW TO REAP THE REWARDS YOU DESERVE!

Starting Now . . .

Use the following Resources, Action Steps and Extra Info to take
the next step toward your solid financial future.

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RESOURCE | RESOURCE | RESOURCE
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You work hard for your money.
But do you maximize the money you earn?

Everyone’s Money Book shows you how to proceed confidently into
your future. In this completely revised and updated bestseller,
Jordan Goodman covers all of the options available for managing
your money wisely in friendly, easy-to-understand language.

Packed with worksheets, step-by-step instructions, charts, graphs,
application forms, quizzes, and more than 6,000 resources to help
you turn concepts into actions, Everyone’s Money Book is the most
comprehensive, accessible, and easy-to-use book available.

Over 200,000 copies sold.

Order Everyone’s Money Book (970 pages) today for only $30.
www.moneyanswers.com/bookstore/

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RESOURCE | RESOURCE | RESOURCE
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In the market for a new car?

If you are buying a new or used car, consider using CarQ.
This is the service I use for buying my own cars and have saved
thousands of dollars over what I had been able to negotiate on my
own.

CarQ
www.carq.com
1-800-517-2277

=============================================
SMART MONEY STRATEGIES FOR EVERY AGE AND SITUATION
Your 40s and 50s—The Peak Earning Years

Section 6 of 11:
INSURANCE:
A Necessary Evil?
=============================================
When you spend money on insurance, you might feel like you are wasting hard-earned cash on something that produces no tangible benefit. This report will help you cut through the complexities of insurance so you can buy the most coverage for the fewest dollars possible. Learning about insurance is not as stimulating as uncovering the intricacies of the stock market or mutual funds, but it is equally important to your total financial plan.

You can learn to micro-manage your funds so that your money
multiplies itself. Use the techniques and tips and action strategies
included here in combination with those included in the other
sections and watch your money grow.

Read on and reap the financial rewards!

Jordan E. Goodman
America’s Money Answers Man
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

INSURANCE:
A Necessary Evil

You will need all five types of insurance: car,
disability, health, homeowners (or renter’s), and life.

1.
Car Insurance

If you have been a careful driver, your car insurance rates should
be much lower than you paid in your daredevil days. However, the
value of your car may be greater if you have a larger, more
luxurious vehicle, so increase your coverage appropriately. Review
the standard methods of reducing your premium, such as installing
a passive restraint system and antitheft devices.

2.
Disability Insurance

Disability protection is also important because you could lose years
of income if you are injured or become sick on the job. You are
protecting a substantial income at this age, so don’t skimp on the
coverage.

3.
Health Insurance

Clearly, it is critical to have adequate health insurance. As you age,
medical problems tend to increase, and you will therefore probably
make more frequent claims. Insurers realize this too and increase
their premiums to account for their greater risk.

If you are covered through your employer, you might have to pay
larger deductibles and copayments if the policy is based on your
rising salary. If the premiums, deductibles, and copayments
become too expensive, look into a health maintenance organization
(HMO) or preferred provider organization (PPO) as a way of
capping your out-of-pocket health care costs.

Whatever you do, don’t let your health insurance coverage lapse;
you expose yourself to potentially catastrophic medical bills.

4.
Homeowners Insurance

If you own your home and have homeowners insurance, make sure
that your policy is up-to-date. Over the years, you have probably
acquired many possessions, and you want to make sure that your
policy will pay to replace them if your home is burglarized, hit by a
natural disaster, or otherwise harmed. If you own valuable artwork,
computers, jewelry, or other items, you might purchase special
riders to cover them. It’s easy to renew your homeowners policy
year after year without updating it. Now is the time to ensure that
you are well protected.

5.
Life Insurance

At this age, life insurance coverage is worthwhile if a spouse or
children depend on your income. As you move through your 40s
and 50s, term insurance premiums become more and more
expensive until they are often unaffordable in your late 50s.

Cash-value policies such as whole life, variable life, and universal
life allow you to lock in a premium rate or, at least, have some
choice in the size of your premium. The earlier you sign up for such
a plan, the lower your premium. If you start a cash-value policy in
your mid-to-late 50s, you probably will not have enough time to
accumulate significant cash values because such policies are loaded
with front-end costs, such as sales commissions.

As your children become self-supporting, you might reduce your
insurance coverage a bit, as long as your spouse could live on the
reduced death benefit. Keep enough insurance to cover funeral
expenses, taxes, and some ready cash for your spouse.

At this age, you might also look into annuities. You can use these as
tax-deferred savings vehicles funded by regular contributions. Or
you may want to use a lump sum from your employer’s benefits
plans to buy an immediate annuity, which will establish an income
stream starting at age 59 1/2.

To get quotes on all types of insurance in one spot:

Get Quotes!

^^^^^^^^^^^^^^^^^^^^^^^^^
RESOURCE | RESOURCE | RESOURCE
^^^^^^^^^^^^^^^^^^^^^^^^^
You work hard for your money.
But do you maximize the money you earn?

Everyone’s Money Book shows you how to proceed confidently into
your future. In this completely revised and updated bestseller,
Jordan Goodman covers all of the options available for managing
your money wisely in friendly, easy-to-understand language.

Packed with worksheets, step-by-step instructions, charts, graphs,
application forms, quizzes, and more than 6,000 resources to help
you turn concepts into actions, Everyone’s Money Book is the most
comprehensive, accessible, and easy-to-use book available.

Over 200,000 copies sold.

Order Everyone’s Money Book (970 pages) today for only $30.
www.moneyanswers.com/bookstore/