Articles to help you with all your financial plans, from planning your insurance coverages to your retirement to your estate.
If you don’t have a will, or it’s been some time since the drafting of yours, you’re probably wondering what estate planning costs today. Looking for legal help isn’t like shopping for new shoes; it’s not easy to compare legal fees online. Estate planning doesn’t…
October is Financial Planning Month. Of course, it’s also Adopt a Shelter Dog Month, Breast Cancer Awareness Month, Domestic Violence Awareness Month, Global Diversity Awareness Month, National Bullying Prevention Month, Estate & Gift Planning Awareness Month, and more. There’s plenty of awareness, appreciation, and support-worthy…
Calculating your personal savings rate is one of the best ways to see how well you’re doing financially and how quickly you can expect to reach financial independence. It’s also one quick and easy measure of how this year compares financially to prior years. What…
Many employers recognize there’s more to employee’s lives than work. Stress, anxiety, grief, and trauma affect all aspects of life, including job satisfaction and performance. So, many companies use Employee Assistance Programs (EAPs) to support employees with life difficulties. An EAPs goal is to catch…
Most of us have at least some medical bills each year. And with the rising cost of medical care, they can add up even when you have health insurance. The good news is, most people with employer health plans have access to tax-deductible medical savings…
We all make mistakes, some big, some small. The good news is we can learn and recover from most if not all of them before it’s too late. When it comes to family, finances, and medical care in terms of estate planning, people make several…
With a record-high stock market and low-interest rates from the Federal Reserve, inflation if not already here, seems to be right around the corner. Inflation, a general increase in prices for goods and services, which reduces the purchasing power of money, may sound scary. Yet…
Storms such as Hurricane Katrina, Hurricane Harvey, and Hurricane Imelda are happening with greater frequency and greater intensity every year. The World Health Organization lists floods as the #1 natural disaster in the world. The NOAA, the National Oceanic and Atmospheric Administration predicts that the…
Have you ever taken a cross-country trip without a second thought about a potential health emergency? What about when traveling abroad? Most of us assume our health insurance fully covers an emergency when we are away from home, but medical coverage varies by provider. If…
Financial planning might sound boring. Yet what it can do for your financial future is anything but dull. A financial plan is a guide for reaching your goals and dreams—it gives you a picture of where you’re at, where you want to go, and how…
Homeowners insurance is designed to protect you against the high cost of property damage. But just because you have home insurance doesn’t mean you have protection from all disasters and mishaps. For example, most homeowners insurance doesn’t cover flooding. Yet flood damage in the U.S….
One of the biggest concerns those self-employed, unemployed, or early retired have is how to pay for healthcare. According to EHealth, the average non-subsidized healthcare plan for a family of four was $1437 per month in 2020. And that is just the cost of premiums!…
No matter when you retire, you want to know what role Social Security will play in your financial future. Will it go away? How much can you expect? When should you start benefits? When Social Security started in 1935, it was created to provide support…
You’ve almost surely heard of a 401(k) plan, but what in the world is a 403(b) plan? Simply, a 403(b) plan is a tax-advantaged retirement account for employees of schools, churches, and nonprofits. In order to offer a 403(b), a non-profit has to be tax-exempt…
As the weather turns colder and the daylight becomes shorter, you may be busy planning for the holiday season. But something else worth focusing your attention on during this season is your finances. Like your physical health, your financial health needs a check-up at least…
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Each year, one of every 20 households file insurance claims due to theft, fire, wind, and water damage. In 2019, losses from natural disasters topped $25 billion, and 2020 is shaping up to outpace that number. It’s not something anyone likes to think about, but…
Retirement can be a daunting concept, especially if you have thoughts like “Will I ever be able to retire?” or “ I have no idea how much I need in retirement” floating around in your head. Truth is, these are common concerns for many people…
It’s 2020; old age is looming closer, accompanied by the threat of a lackluster retirement. Of course, you’re anxious about your financial future. But you’re too busy taking care of everyone else to do anything about it. According to this study by Employee Benefit Research…
This post is sponsored by Haven Life. There’s a good chance you have family or friends who have lived into their 90’s. Or maybe even a few to age 100 or beyond! The Social Security Administration reports approximately one in three 65-year olds today will…
Of all the decisions you make in life, estate planning is one of the most important. An estate plan is essential for protecting your family after you’re gone. When done correctly, an estate plan will ensure your final wishes are carried out while minimizing taxes…
What happens to your assets when you die? Unfortunately, there isn’t a cut and dry answer to that question. Some of your things will go through probate, while others won’t need to. It depends on the type of property you have and where you live….
Millennials are job switchers. Gallup polls have found that 21% of millennials report changing jobs within the past year. Outside of learning the new company org chart, job switching presents another challenge: what to do with your old 401(k) or 403(b). Currently, many millennials do…
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Retirement. Whether you’re 5 years or 35 years away from trading your time for money there’s a lot to consider. How will you spend your days in retirement? Where will you live? And how you will pay for it all? If you’ve not yet considered…
We know the thought of creating an estate plan might make your head spin. But failing to do so can cause way more mind-numbing, stressful, and time-consuming efforts later. Creating power of attorney (POA) documents as part of an estate plan assigns an individual the…
It seems like just yesterday your teenager was in a children’s car seat. But now your teen is ready to borrow the keys. You might have mixed emotions about them getting behind the wheel. But you’re definitely concerned about the cost of adding your new…
There’s a good chance you’ve heard a lot of talk about retirement savings plans. In particular, most people are familiar with 401(k) plans. But if you work in the public sector, you likely won’t be able to get your hands on a 401(k). Instead, your…