The Retirement Fix: Less Stress, More Success
The Retirement Fix is a monthly podcast for people seeking answers and security in retirement by CERTIFIED FINANCIAL PLANNER™ John Gigliello of the Albany Financial Group, based in Albany, NY. Throughout his 30+ years of experience in taxation, finance and academia, John takes an educational approach to address the most pressing pain-points experienced by his clients and others such as proactive tax management, retirement living & income planning, social security timing, investment management, asset protection and more.
Securities are offered through LPL Financial, member SIPC (www.SIPC.org). Investment advice is offered through Private Advisor Group, a registered investment advisor. Private Advisor Group ad Albany Financial Group are separate entities from LPL Financial. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing.
The Retirement Fix: Less Stress, More Success
Umbrella Insurance: When accidents happen, be prepared.
Accidents happen. They just do.
Your foot slips and you press the gas pedal when you meant to brake.
Your child hits a line drive through a neighbor’s window during baseball practice.
Your dog panics and bites a stranger.
The question is: are you adequately prepared to handle these situations - specifically the economic consequences of these situations - when and if they occur?
Hi, I’m John Gigliello, CERTIFIED FINANCIAL PLANNER™ with the Albany Financial Group and you’re listening to Invest in Knowledge, a podcast about all things financial. After a life-altering health issue at age 39, my calling in life became clear: To share my knowledge of personal finance with PEOPLE who are looking to make smart and responsible choices with their money. Only through education, action and accountability can YOU build the confidence and security YOU need to live a SATISFYING life.
Today I am going to talk about umbrella insurance and how it differs from the other insurances for which you likely already pay.
What Is Umbrella Insurance?
Umbrella insurance provides “excess liability insurance,” simply meaning additional coverage, beyond the liability insurance you already have in your auto, homeowners and/or watercraft insurance policies. Umbrella insurance kicks in for expensive situations where medical bills and/or repairs exceed what auto, homeowners or boat insurance policies will pay.
Umbrella insurance is a good way to buy extra coverage to protect your assets. You can think of it as asset protection because it can prevent you from losing your assets while trying to pay for a lawsuit judgment against you.