Life After Bankruptcy: Securing Financial Freedom

Now that your debt has been eliminated, what can you do to ensure that you are on the path to financial freedom? One of the most important steps you can take to secure yourself financially is to plan for the future, NOW!

Once you have been relieved of the financial burdens posed by unrelenting debt, you will likely have the disposable income to adequately fund your future. It is not enough to be rid of debt in order to prevent further financial hardship. You must know how to use your money wisely and choose to do so. There is no better use of your money than to invest in your retirement or protect yourself and your family from life’s unforeseen circumstances.

Preventing Future Financial Hardship

Recently, we have learned that investing in 401Ks and individual retirement accounts (IRAs) can prove to be financially fatal. Time Magazine featured a related article on its October 19, 2009, cover, “WHY IT’S TIME TO RETIRE THE 401(k).” Millions of Americans found out the financial cruelty of the stock market when they lost most, if not all, of their retirement funds during the last few years. One flaw is that these types of retirement accounts are fairly new, having only been introduced in the 1970s. Unlike 401Ks and IRAs, life insurance policies originated in ancient Rome and have survived the test of time as a reliable method to prevent financial hardship on you and your loved ones.

The solution: A new type of retirement plan that is insured. Retirement savings accounts are exactly the type of asset we need insurance for. Insured retirement savings accounts can protect against risks we cannot predict (i.e., when the market collapses) and risks we cannot afford to recover from on our own. “People tend to meld savings and insurance in their mind, but they are not substitutes,” says Nancy Altman, a former Harvard professor and the author of The Battle for Social Security. “It’s fine to have a savings plan as a supplement but not as the main retirement protection for everyone.” She says the best way to guarantee a replacement for people’s wages in retirement is by pooling risk, and the way to do that is through insurance.

I have chosen to fund my retirement with a life insurance policy and protect my family from life’s unforeseen circumstances based on my experience. As a bankruptcy attorney, I have and continue to see hundreds of cases wherein clients remain financially unstable, even after a bankruptcy filing, due to their lack of proper retirement savings. It is never too late to start. Nevertheless, the sooner you start planning for your future, the better. After extensive research, I chose to place my trust in Julio Benenati of

PLEASE NOTE: I do not receive any monetary benefit from endorsing this company or its agents. I genuinely want my clients to experience financial freedom for the rest of their lives. I know that debt relief is only the first step in obtaining that freedom. The next step is to invest in your future within a stable financial environment and I believe this is the best way to do it.

At, their goal is to help you take back control of your finances, invest safely for your retirement, and protect yourself and your family from life’s unforeseen circumstances. They have helped hundreds of people with similar circumstances secure their financial future. The time is NOW! Please follow this link for more information.

Parisa Fishback, Esq.