Life Insurance

Life Insurance

How much life insurance do you need?First of all, do you need a life insurance policy?As a fee-only financial planner, my answer is "maybe".Does Tomassi Financial Planning sell life insurance policies?No.Can I help you determine the specific amount and type of life...

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Estate Plans – Part 2

Estate Plans – Part 2

Trusts and Estate Planning Control beyond the grave is often the phrase used to describe trusts, as they pertain to estate planning. They are also used - in now rare cases - to reduce or eliminate estate and inheritance taxes. Today, the most common use for trusts is...

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Estate Plans – Part 3

Estate Plans – Part 3

Advance Medical Directives. Sounds complicated. What are they? As the name implies, they are directives - primarily of a medical nature - that are created in advance. In advance of what? In advance of your incapacity - your inability to make financial and medical...

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Estate Plans – Part 1

Estate Plans – Part 1

Understanding Estate Planning Do I need a will? Probably. Do I need a trust? Maybe. Do I need advance medical directives? More than likely. Let's start with the first question - do I need a will. For most of us, the answer to that question is a resounding, "YES". And...

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How Much Is Enough?

How Much Is Enough?

How Much is Enough? Is there an annual income level and spending level at which you and I can honestly say, “I have enough and I have spent enough, on me”? Yes, I think there is. And I’m not alone. According to a peer-reviewed study by Daniel Kahneman and Angus Deaton...

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Financial Planning: Winging it or a Plan?

Financial Planning: Winging it or a Plan?

Reaching Our Goals and Realizing Our Dreams…"Winging It" or Plan? "Where did we ever get the idea that we can reach our goals and accomplish our dreams by 'winging it' in our financial world?"  In what other areas of our lives does winging it actually work?  Sure,...

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