Articles written by Gregory Gambone

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About me - Gregory Gambone

I am the President of a small financial planning firm in New Jersey. We focus on personal planning, consisting of insurance and investment management, and business planning, consisting of employee benefits management.

My personal experience in the insurance

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Personal Finance > Investing Basics Why should you trust your money to an investment firm?: 1 of 5

In today's high tech web-based world, many people have raised the question of whether or not using an investment firm is the best idea since stock market information is so readily available. With the push of a button, or the click of a mouse, anyone can gather specific details about nearly any investment vehicle. So why, the...
Personal Finance > Mutual Funds Investing: What are bond funds?: 2 of 8

The number of Americans approaching and entering retirement continues to increase as the older members of the Baby Boomer generation near the end of their careers. With that in mind, more people are looking for ways to continue growing their investment portfolio, while also reducing their level of risk exposure. For many inv...
Personal Finance > Life Insurance Understanding life insurance policies: 2 of 7

Merriam-Webster defines insurance as "coverage by contract whereby for an agreed payment one party agrees to indemnify or guarantee another against loss by a specified contingency or peril". In more plain English, insurance is a method of replacing income or assets in the unlikely event that they are rendered unavailable or ...
Personal Finance > Health Insurance Tips for buying an individual health insurance policy: 2 of 4

Beginning the search for an individual health insurance policy can be an ominous and daunting task for someone with little or no experience in the health insurance industry. Since the number of insurance companies increases every day, how is a person to know which ones are any good? Plus, each company usually offers multiple...
Personal Finance > Life Insurance Can I borrow money against my life insurance policy?: 2 of 4

Perhaps the most common question with regard to permanent life insurance policies is, "Can I borrow any of the cash value?" What is disconcerting is the fact that no one ever asks, "How will this affect my insurance policy?" To keep things black and white, the answer is yes, it is possible to borrow from the cash value that ...
Personal Finance > Life Insurance Life insurance: Is owning more than one life policy a good idea?: 1 of 2

Over the years, I've been asked many times about whether owning multiple life insurance policies is a good idea or not. If we assume for this discussion that the price of a life insurance policy is not being taken into consideration, there are good reasons why it is indeed an intelligent idea to own more than one policy. Fir...
Business > Finance & Insurance Small business misconceptions about group health insurance: 1 of 1

A large number of small business owners make the same mistake and have the same common misconception regarding their group health insurance plan, and it is one that is costing them significant money each and every year. The problem is this small business owners typically believe that by handling their group health insurance ...
Personal Finance > Budgets & Saving Money for college: Educational savings accounts vs. 529 plans: 1 of 1

Parents who want to begin saving money for their child's future education will often consider a Coverdell Education Savings Account, also referred to as an Education IRA, or a 529 College Savings Plan. There are differences in the characteristics of these accounts, each with its own pros and cons. The Coverdell Education Sav...
Personal Finance > Retirement The benefit period in long term care insurance policies: 1 of 1

The bulk of a Long Term Care (LTC) insurance policy is composed of three separate and distinct features, each of which can be customized to create an insurance policy that suits the needs and budget of the owner. Of course, since there are hundreds of insurance companies, each with their own proprietary LTC product, there wi...
Personal Finance > Retirement Preserving your 401k when you leave your employer: 1 of 1

Since Americans changes jobs an average of 4 to 5 times over the course of a 25 to 30 year working period, concern over what to do with old retirement accounts is extremely common. It's important that you are aware of your choices and what options are available to you in these situations. There are only 4 choices that exist ...