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How Can A Ganjapreneur Get Life Insurance?

So, what the heck is a ‘ganjapreneur’ anyway?   If you have nothing great to do for a few hours and want to laugh out loud in a real way besides what you write on a text message, take a gander here http://www.ganjapreneur.com/marijuana-slang/ where you can see just about any marijuana slang you could ever imagine.  Ganja, is classically defined as another widely-accepted name for cannabis. The term ganja is often attributed to Rastafarian culture, but it is in fact the Hindi word for hemp, introduced to Jamaica by Indian indentured servants. Lately, its usage in western society has become incredibly mainstream and, in some cases, grossly over-commercialized.  Thus, the ever increasing ganjapreneur are those that start business in, on, or around the substance known as marijuana. As somebody who deals in life insurance, your first instinct is to tell yourself that nobody who smokes marijuana or even remotely puts it in his or her body is ever going to have ...

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4 Money Moves To Make When You Turn 40

Generation X is classically defined as people born between the years 1965 and 1979.    This means for the next five years, the last batch of Gen X’ers are going to turn 40.   If life begins at 40, then it must be certain that making smart money moves should fold into that master plan.   Whether you are woefully behind on student debt, just getting married, or you are now starting to make some serious money, here are four smart money moves to consider when you turn the age of 40. Admit Your Mistakes . . . They Are Natural Financial Mistakes- If you are spending like a drunken sailor making sure you are seeing all the best concerts and trying the fanciest restaurants, don’t beat yourself up.  If you have piled up debt or lost money on a private investment deal, there is still time.  Just be true to yourself on those mistakes so you don’t continue to make them. Personal ...

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Five Financial To Do’s During Open Enrollment Season

Fall signals the changing of the leaves, football Sundays, and Halloween.  It is also the time of year where many of the companies in Atlanta offer open enrollment for your benefits.  With the complication of benefits packages, it is more important than ever that you learn how to make smart money decisions during your two weeks of open enrollment.  Here are my five smart money moves to look at when your benefits season comes this fall.  Don’t wait until the last minute to check your options!! Your Health Insurance Plan Is Sure To Change– Insurance companies today hardly ever let a company renew its old health insurance plan.  This means that you’ll likely get a new set of plans to sift through during open enrollment.  If you and your partner both have company benefits make sure to weigh the pros and cons of each of your health insurance plans.  Did the deductible change?  Did the coinsurance change? Will you have ...

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Don’t Forget To Protect The Golden Goose

I have delivered insurance checks in my career and nobody has ever told me they have too much life insurance after a loved one dies. It’s really ironic because there are many media pundits who beat up on having unnecessary life insurance, but those writers don’t have to pick up the pieces after a major breadwinner dies in a family. Recent studies still say that the odds of dying are 1 out of 1. LOL. Even though I think that most families are woefully underinsured when it comes to life insurance, the greatest gap I see amongst Generation X and Generation Y is an apathetic amount of disability insurance. Most people who work for companies believe that the amount of disability insurance they get through work will be adequate to cover their situation should they sustain a long term disability. The stark reality is that most Gen X’ers an Gen Y’ers don’t even read the benefits manual to understand the ...

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The Food In The Middle Sucks!!

With the explosion of large scale stores like Whole Foods and Farmer’s Markets in just about every different neighborhood, it is clear that the movement to eating more healthy food is becoming important to people in America. The new buzz word all around is “organic” food, mostly from the way it’s grown and produced. It’s clear that most households want to watch their health and wallets, but are more than willing to pay premium money today for food that they think is better for them. Restaurants have almost overused the term farm-to-table, giving us the indelibly etched picture in our minds that what’s on our plate got here from something directly down the street or in the backyard of the restaurant. Recently, I had a chance to interview one of the owner of the restaurant Bocado in West Midtown, Brian Lewis, and he made a very interesting comment to me during our lunch. He said, “Ted, the food in the ...

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Snoop Dogg Gets Approved Preferred Rates For Life Insurance?

Sometimes it really pays to have an insurance agent who knows what they are doing.   As rules and regulations get more complicated, this is why you want someone like me on your side.   The truth is I don’t have the foggiest idea if Snoop Dogg got approved preferred rates for life insurance, but what I do know is that it has been alleged that Snoop Dogg, Lady GaGa, and Willie Nelson have all rolled a joint or two in their lives.   With more than 19 states now offering medical marijuana and several states have legalized the sale of the pot, are there important things for you to know about this when you apply for life insurance? Of course having written insurance policies for over 20 years, I’ve heard just about everything when I take an application.  Uhhh . . . Ted . . . will marijuana show up on blood test?  If yes, how long do you figure it will ...

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VIDEO | Why Do You Think 1 Million Dollars Is A Lot Of Money?

Published on Sep 28, 2012 When it comes to life insurance, most people use some magical rule of thumb like buying 2 to 3 times their salary. (Full Story Here –http://bit.ly/Sm5l0J) Even worse, since insurance is not most enjoyable financial planning topic, they come up with the notion that they will just pick up $250,000 or $500,000 and their partner will be alright if something should happen to them. I’m here to tell you that when it comes to life insurance, $1,000,000 just isn’t a lot of money.   ...

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Beneficiary Designations for your IRA

What Beneficiary Designations mean and why they matter… For most people, “estate planning” means drafting documents (such as a Last Will and Testament) that makes sure that your property is managed and distributed according to your wishes.  Drafting documents is the foundation of estate planning, but people who own retirement accounts, life insurance or other assets with beneficiary designations must go one step further.  When you die, the assets in your estate generally fall into one of two categories: probate property or non-probate property.  Probate property is governed by your Last Will and Testament.  Non-probate property, however, passes outside of your Will, and generally passes to a beneficiary named by you when the account or contract was opened. The most common examples of non-probate property are your IRA, 401(k) or life insurance.  These types of assets are non-probate property because they are paid to beneficiaries pursuant to a contract that you create when you open the account or purchase the ...

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