Insights & Financial News | Oak Road Journal

Insights

Hand holding a red umbrella over a family of wooden figures, representing umbrella insurance protection

What Is the Rule of Thumb for Umbrella Insurance?

One lawsuit could wipe out your savings. The rule of thumb for umbrella insurance: cover at least your net worth, starting at $1M. See if it's enough.

Hand-drawn chalk scale comparing the benefit of umbrella insurance against its cost

What Is the Average Cost of Umbrella Insurance?

Umbrella insurance costs about $150 to $400 a year for $1 million of coverage. See average prices by limit and why a premium you never use isn't wasted.

Blue open umbrella resting on its side against a soft blue background, representing umbrella insurance liability protection

At What Point Is Umbrella Insurance Worth It?

At what point is umbrella insurance worth it? Learn the $500K rule of thumb, how coverage stacks on your policies, and what an umbrella won't pay for.

Hand holding an orange umbrella over wooden family figures, a toy car, and a house, representing umbrella insurance coverage

What Are the Downsides of Umbrella Insurance?

Before you buy, know the downsides of umbrella insurance: required base coverage, real limits, and what it won't pay.

Silhouette of a person holding an umbrella in heavy rain, representing umbrella insurance protection from financial risk

What Does Umbrella Insurance Cover?

What does umbrella insurance cover? One lawsuit shouldn't undo decades of saving. See how extra liability coverage protects your retirement plan.

Older man with a gray beard talking on his phone while working at his laptop, showing why some people never want to retire

Why Do Some People Never Want to Retire?

Why do some people never want to retire? Many love the purpose their job gives them, and that's okay. See how to cut back on your terms.

Napkin on a wooden table beside a coffee mug and pen, reading “Difficult? Yes! Impossible? No!” in blue handwriting

What Is the Hardest Part of Retiring?

The hardest part of retiring isn't the money. It's losing the schedule your job gave you. See why it hits so hard and how to plan for it.

Wooden letter blocks spelling the word “purpose” on a wood table, illustrating how to find purpose after 65

How Can I Find Purpose in My Life After Turning 65?

Wondering how to find purpose after 65? Harvard's 85-year study links a longer, healthier life to one thing. See 5 ways to start.

Torn hole in brown paper revealing the word “REGRET,” representing the #1 regret of retirees

What Is the #1 Regret of Retirees?

The #1 regret of retirees? Often, it's working too long. See why it happens and how a financial plan helps you retire with confidence.