There's no good rule of thumb for insurance since people have such different situations.
More Quotes from Gary Schatsky:
Stock options can overshadow the value of a retirement plan in a heartbeat. I've had clients who made millions by waiting a few weeks.Gary Schatsky
War gets people thinking about mortality even if they aren't going to be doing any fighting themselves, ... Now's a good time to look at whether you have the right life insurance coverage and to make sure your estate plan is in order.
Gary Schatsky
Bad debt is debt that is used to enhance consumption.
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You should get good, unbiased advice. It's an intricate analysis.
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Consumers are biting. They're biting because the opportunities are good and in part because they see that the bank is making a statement to them 'You can afford it' -- when, in reality, most cannot.
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