Archive for the ‘Insurance’ Category

Flood Insurance - A Post-Harvey Revisit

Flood Insurance – A Post-Harvey Revisit

By The Banker | Blog Posts, Insurance, Personal Finance, Texas

Like everyone with a home mortgage, I have homeowner’s insurance that covers most catastrophes, although the list of covered catastrophes specifically does not include flooding. Occasionally I worry because my house backs right up to the San Antonio River. Fortunately, my yard and house are outside the boundaries considered to have a 1 percent chance […]

Book Review: Money Mindset by Jacob Gold

Book Review: Money Mindset by Jacob Gold

By The Banker | Book Reviews, Insurance, Investing, Personal Finance, Taxes

In The Money Mindset – Formulating a Wealth Strategy in the 21st Century, Jacob Gold traces the key components for building financial fitness, such as finding the right mindset, understanding risk, asset allocation, and diversification. He introduces the importance of understanding taxes and insurance. He gets the big picture on taxes, which is that you […]

Financial Readiness - My 5 Stages of Grief

Financial Readiness – My 5 Stages of Grief

By The Banker | Blog Posts, Insurance, Investing, Personal Finance, Taxes, Texas

My personal bank – which also offers insurance and investments – recently invited me to discover my ‘Financial Readiness’ score, available in five minutes by taking a quick online survey. Now, I am a competitive person who likes to win. For example, I know my SAT scores from high school, as well as my fastest […]

Shit Sandwich - Variable Annuities

Shit Sandwich – Variable Annuities

By The Banker | Blog Posts, How Not To Invest, Insurance, Personal Finance

In my favorite movie of all time, Rob Reiner recalls the two-word alliterative review of Spinal Tap’s unsuccessful second album “Shark Sandwich,” as simply “Shit Sandwich.’ The band members react to this shocking review with resentment, but also with a sense for what newspapers are allowed to actually say. David St. Hubbins: “Where’d they print […]

Audio Interview Wendy Kowalik Part II - On Insurance And Getting Rich Slowly

Audio Interview Wendy Kowalik Part II – On Insurance And Getting Rich Slowly

By The Banker | Audio Posts, Insurance, Investing, Personal Finance, Taxes, Texas

Please see related discussion with Wendy Kowalik in Part One on investment advisory fees. Michael:          Hi, my name is Michael and I used to be a banker. Wendy:            Hi, Michael. Wendy Kowalik, I founded Predico Partners. We’re a financial consulting firm. I started my career with an insurance company and sold insurance for the same […]