Posts by Nicole Goodkind
Nicole Goodkind at Yahoo Finance 1 mth ago
No one wants to think about life insurance, but if you have people who depend on you financially–it’s an important topic to consider.
If something were to happen to you or your spouse, life insurance would pay for funeral costs, bills and pay off any outstanding private debt. It could also be enough to continue a family business, protect retirement plans and pay for education. Why saddle loved ones with emotional and financial burdens?
If you have children or a spouse that depends on you financially, it’s probably a good idea to have a plan. Small business owners might also want to consider purchasing a policy to ensure that their companies can continue after they pass away (if that’s their wish).
If you’re single with no children then you probably don’t need to worry about life insurance yet, unless you provide support for a parent or are in a significant amount of debt. When you pass away, anyone who has cosigned a loan with you or is a joint account holder is held responsible for that debt.
Keep in mind that policies are adjustable; you can always take out more life insurance as your family grows or decrease your package once your children are out of the house.
President Obama, Canadian Prime Minister Justin Trudeau and Mexican president Enrique Peña Nieto just had the best three-way handshake of all time.
The three North American leaders met Tuesday at the North American Leaders’ Summit in Ottawa to discuss deepening their countries' economic ties and strengthening the North American Free Trade Agreement (NAFTA).
"We will build upon this strong trilateral economic relationship, and further facilitate trade among our three countries, and improve the networks that allow us to produce products and services together," the three said in a joint statement.
But while the meeting appeared to be productive, the true scene stealer was the magnificently awkward handshake that took place during a photo-op between the three leaders.
PM Trudeau took control of the moment by doing a cross-over shake with both Obama and Nieto while Nieto tried to grab for Obama's other hand with his other hand. Seeing that Nieto missed, Trudeau then facilitated in what was truly a slam-dunk moment.
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European Union Parliament leader Martin Schulz has called for Britain to leave the EU as soon as possible, contending he doesn’t want to prolong geopolitical and economic uncertainty any longer than necessary. But that might be a pipe dream. The people of Britain have voted for the Brexit, but a lot needs to happen before it becomes reality. Some bet it will never happen, and they’re not totally delusional. The EU referendum is not legally binding and could even be reversed. In order for the UK to leave the EU, it would have to exercise something called Article 50 of the Treaty of the European Union. Article 50 establishes the process for a member-state to leave the EU. Article 50 states that the prime minister of the UK would have to (1) formally tell the European Council the UK intends to leave. (2) Next, The European Council will have to meet and come to an agreement on how it will let go of the UK. (3) The European commission will then negotiate these terms with the UK and come to an agreement. (4) Once a deal is reached, both the European Council and Parliament will have to agree to it. The EU gives two years to do all of this — but also allows for ...
The UK’s unexpected move Thursday to split from the European Union spurred Prime Minister David Cameron to announce he’d resign by October to give the people “fresh leadership.”
The Conservative leader faced his fair share of controversy during his six years as prime minister but had a string of victories until last week. In 2015 he led his conservative party in a successful election and in 2014 came out on top when a Scottish independence referendum failed.
“The British people have made a very clear decision to take a different path and as such I think the country requires fresh leadership to take it in this direction,” he said Friday morning in an emotional press conference outside 10 Downing Street.
“I will do everything I can as prime minister to steady the ship over the coming weeks and months but I do not think it would be right for me to try to be the captain that steers our country to its next destination.”
Britain’s most powerful family — its royal family — has taken a neutral stance one one of the most controversial topics in UK history: the Brexit.
While the House of Windsor has remained mum on the UK’s departure from the EU, we know that UK Prime Minister David Cameron traveled to Buckingham Palace to resign to the Queen in person.
According to the queen and the royal family’s representatives, royals in the UK “above politics,” and do not vote. In the past, indications of Queen Elizabeth’s political leanings have been met with controversy. In 1986 The Sunday Telegraph wrote a scathing editorial in response to reports that the queen was worried about then-prime minister Margaret Thatcher’s opposition to sanctions against South Africa, as The New York Times noted at the time.
“These are matters which the monarchy can only meddle with at the institution's gravest peril,” The Telegraph editorial asserted.
It’s no surprise that the royals have remained neutral during the whole Brexit debate, though everybody’s been looking for signs of how they really feel.
The world is an uncertain and chaotic place today, and as our bank accounts and 401ks feel the burn of the Brexit, some of us may turn to another British export to soothe our nerves: Scotch whisky. Drink up—the Brexit may also be coming to your liquor cabinet. In 1994, the U.S. inked a treaty with the European Union on a zero-for-zero tariff on distilled spirits. As a result, most liquor exports and imports between the UK and US have been tax-free for 22 years. Now that the UK is leaving the EU the deal might be up in the air. According to the Distilled Spirits Council, a major U.S. liquor lobby, UK spirits imports into the US were valued at $1.55 billion in 2015. A whopping 74% of those imports were Scotch. The UK is the top market for US spirits, with $231 million in exports in 2015 (American whiskey makes up 88.5% of that). “There are serious issues to resolve in areas of major importance to our industry and which require urgent attention, notably the nature of future trade arrangements with both the single market and the wider world,” wrote David Frost, chief executive of the Scotch Whisky Association, in a press release this morning. “Leaving the EU would be a leap in the dark for our great British food and drink industry and could lead to years of negotiations on new trade deals – with no guarantees at the end,” said UK environment and food secretary Liz Truss during a visit to the Glenkinchie Distillery in Scotland on Monday. The Scotch industry supports nearly 40,000 jobs throughout the UK. But don’t start hoarding Laphroaig just yet. You have two years to savor your scotch before the Brexit comes to your liquor store. Cheers to that.
As a new set of graduation caps are thrown and a new group of college alumni head out into the real world, universities leave graduates with one last gift, advice from this season’s commencement speakers. Thanks to the magic of internet streaming the rest of us can also benefit from that knowledge. This year we saw a prolific group of newsmakers, political figures and celebrities speak at college graduations throughout the country. From President Barack Obama to Facebook COO Sheryl Sandberg, here’s our roundup of the sage wisdom dished out at this year’s commencement speeches. 1. Steven Spielberg Harvard University, Massachusetts Thursday May 26th, 2016 I want to be clear that your intuition is different from your conscience. They work in tandem, but here’s the distinction: Your conscience shouts, ‘Here’s what you should do,’ while your intuition whispers, ‘Here’s what you could do.’ Listen to that voice that tells you what you could do. Nothing will define your character more than that. 2. President Barack Obama Rutgers University, New Jersey Sunday May 15th, 2016 Cynicism is so easy, and cynics don’t accomplish much. As a friend of mine who happens to be from New Jersey…A...
It’s the unofficial start of summer and the warm months ahead will likely coincide with a bit of overindulging. Whether it’s too much beer or too much barbeque, summer nights often lead to painful mornings – enter Dirty Lemon. The company wants to use another Beyoncé-approved seasonal staple to help you detox: lemonade. Dirty Lemon infuses its product with charcoal, ginger and dandelion root in an effort to absorb toxins and aid digestion. Charcoal is typically used in a hospital setting to treat overdoses or poisonings but has become trendy as an at-home cleansing ingredient. While the ingredient is safe when administered by a medical official, it can be problematic when used at home because it binds to medications and nutritional supplements and renders them ineffective. “Charcoal works with whatever is in your stomach at the time that you drink it,” says Zak Normandin, CEO and co-founder of Dirty Lemon. “So if you’ve had alcohol, pizza or a heavy meal, and there are ingredients you don’t want to be absorbed into your system, the charcoal is going to absorb them.” Normandin wants to market Dirty Lemon as the anti-cleanse—it’s not about fasting, he says; it’s about having...
We’re smack dab in the middle of NASCAR season, and the third-generation, family-owned stock car racing company is breaking records both on and off the track. The company has an $8.2 billion distribution deal with NBC and FOX and brought in a record 12.4 million viewers for its 2015 Sprint Cup Finale—that’s second only to the NFL in terms of television viewers and fans in the U.S. NASCAR also plays a mean ad game. Nearly 1 out of 2 Fortune 100 companies currently advertise with NASCAR, and 70% of NASCAR fans support brands that are sponsors, the company says. But NASCAR has a demographics problem. According to Nielsen data from 2015, 42% of NASCAR’s fan base is located in the South. Three out of five fans are over 44 years old and 77% are Caucasian. Appealing to such a limited group is bad business and Chairman and CEO Brian France wants to broaden the sport's appeal to a wider fan base. France tells Yahoo Finance that NASCAR is targeting two key demos: Hispanics and millennials. The company is increasing its focus on digital and social media (NASCAR recieved a record 4.1 billion social media impressions during its 2015 season). They’ve also partnered with Mexican movie star Eugenio Derbez to develop a NASCAR-centric comedy film. NASCAR now supplies Wi-Fi at events so that fans can post on Instagram and Twitter even in remote locations. They trained key racers on how to interact with fans on social media and build their personal brands. In order to attract more millennials to events, NASCAR and various vanues have partnered to provide DJs, foam parties, go-karts and hangout areas that are open until 3 a.m. They’ve also publically asked fans to stop displaying the Confederate flag and have denounced anti-gay “religious freedom” laws. “The majority of revenue today is created by your television broadcast, but everybody is trying to sort out digital and social media,” France says. “We’re working on monetizing it but also figuring out how we’re going to communicate our message week-in and week-out.” As for the future, “If it’s commercial and it makes sense we’ll be doing it—whatever it is,” says France. That includes the possibility of racing driverless cars and including a fourth car manufacturer in NASCAR events (cars are currently made by Ford, Chevrolet and Toyota). What would Ricky Bobby think?
The U.S. is currently in its seventh year of what can broadly be described as a bull market. Unemployment is at eight-year lows, and wages are rising. Things are good, but some economists fear that they’ve been good for too long and that recession is imminent. Mohamed El-Erian, chief economic adviser at Allianz, agrees. “Within the next two years, we’re not going to be able to maintain the world we’ve maintained for the last five to seven years,” he says. But the real question is what happens when we reach the end of the proverbial road. Do we careen off of a cliff? “We are coming to a point where we’re either going to pivot from low growth into recession and from artificial stability into instability or if the political class responds, we can pivot to something much better, but right now it’s uncertain.” El-Erian believes we’re too dependent on finance as an engine of growth. Before the 2008 financial crisis, we embraced private finance as the major growth engine, he says. But after the crisis we embraced central banks, which don’t produce genuine growth. “So the reason why this road ends is that there’s a limit to how much growth finance can deliver.” Unusual Uncertainty...