• Steve, Life Insurance can be a difficult subject for a lot of people, most people don’t know where to start when it comes to Life Insurance. Help our listeners out, what are some reasons people need Life Insurance?

• It seems like there are a lot of products on the market, this can be confusing and overwhelming for some people. Tell us about the different Life Insurance Products?

•  True or False Question Steve: I have Group Life Insurance through my employer, is this sufficient?

• How much life insurance does someone need?

• A lot of people are unsure on how much to buy. What are some things to think about in picking the amount?

• Does a stay at home parent who doesn’t work need life insurance?

• The thought is, my spouse is the breadwinner, they will continue to work when I am gone, why would I need a policy?

• I hear a lot of single people say “no one will suffer when I die”, why would a young single person need life insurance?

• You said earlier that Life Insurance can help with retirement, walk us through this?

• I have heard of Business Partners buying Life Insurance, why would you need Life Insurance as a business partner.  What if someone has a very large estate, why would this person need any Life Insurance?

• We talked a lot about what we should so when it comes to Life Insurance, are there some “Don’t do’s” with Life Insurance?

Studies are showing that some seven million Americans have a secret bank account or credit card account that their spouses know nothing about -- and most of those doing the hiding are men, according to the study…..

Financial expert Kimberly Foss says “financial infidelity is more common than people think, and if anything, it’s on the rise.” Here today to answer some of our listener questions on this surprising and intriguing topic is our TLP, Colleen McNamee of MCNAMEE MEDIATIONS.

1) It’s surprising to think that this could even happen! I mean, don’t couples pay attention to their account information and spending habits?

- Many spouses keep separate bank accounts and have 1 joint checking or savings that they operate out of

- Typical household, one spouse is in charge of the finances

- Shadier side: Spouses who have side businesses the other spouse doesn’t know about

2) Real case example: Married 27 years. Joint accounts until children were grown and out of house. Always had financial arguments throughout marriage so they separated their accounts after children were moved out. No more financial disagreements

– it was great! Years later the couple grew apart and decided they wanted to divorce. It was amicable, or so they thought……the divocre process much messier and more complicated than it ever should have been. Severely fractured their relationship forever

3) How do spouses even catch onto to this double financial life?

- Studies show that more than 90% of couple don’t discover financial infidelity in their relationship until there is a) a death in the family, or) divorce

4) What are the red flags that spouses should be looking for to prevent this problem from spiraling out of control and destroying their marriage? Red flags to look for are missing or misdirected financial statements and of course, the obvious one is if there’s missing cash in the accounts. *Trust your instincts

5) Shocking little factoids: Results from a national survey find 1 in 5 married couples have spent over $500 per year without their partners knowledge;

- Secret spending and hiding money is 50% more common among men, BUT times have changed and women are more independent with their finances now than ever before, so secret spending and hiding money is definitely on the rise.

- One source quoted "Younger women are a little bit more independent and think differently these days. They think more, in my opinion, of themselves as a separate entity."

6) Colleen, what is your expert advice to couples who think there might be some financial infidelity going on in their marriage?

So you think women don't enjoy talking about wealth strategy and finances?  Well allow me to introduce you to Certified Financial Planner Maria Kutscher.  Take a look at Maria's credentials:

• Certified Financial Planner
• Chartered Financial Analyst
• Chartered Retirement Planning Consultant
• Accredited Asset Management Specialist
• Founder & CEO, Allovest

Here are some of the questions Dino asked Maria on this episode:

1)      What do you think is one of the biggest risks for investors this year, that they aren’t aware of?

2)      So what can investors do, what are some strategies to protect the bonds in your portfolio not if, but when interest rates start to rise?

3)      What’s going on with oil and should we be adding energy to our portfolios?

4)      We’ve just finished 6 straight years of stock market gains… can we make it to 7 years this year?

5)      Most investors have some international stocks in their portfolio…. Given what’s happening overseas, what’s the update here?

6)      Mutual funds or ETF’s… What’s the difference and are investors better off with one versus other?

7)      Given your experience in designing investment portfolios, what do you feel is the key to a successful long-term investing strategy?

The big mistake that people make when they start earning good money is that they work so hard to accumulate and forget about how to keep it.  Unfortunately, taxes unchecked can take a massive bite out of all the money that was made.   Senior VP at Trilogy Financial Services Kevin Leon made it very clear on this week’s show, how dangerous it is to stick your head in the sand regarding taxes.

Here are some of the questions he answered:

1. How can I save more on current taxes?
2. How can I save more on future taxes?
3. How can I save money on my taxes that my portfolio generates on an annual basis?
4. Is there a way to offset all of my capital gains on an annual basis?
5. What tax free investment options are out there today?
6. If I am already retired, how can I save money on taxes?
7. How can I get more tax deductions?
8. If I have highly appreciated assets and want to sell some of them, how can I do that in a tax efficient manner?
9. I typically get bonuses at year end, any strategies for that?
10. Can annuities help me with saving taxes on an annual basis?