Caring for your aging parents means helping them plan for the future, which can be overwhelming, both physically and emotionally. When the time comes for you to take care of your parents, you may be certain of only two things: Your parents need you, and you need help.
If a disaster or emergency strikes you may only have minutes to respond and protect yourself and your family. Once the emergency has passed, your next focus will be on how to rebuild your life. Having access to your finances, insurance, medical and other necessary records will be critical to start your recovery quickly. Continue reading
On September 7, 2017, Equifax, one of the three main credit reporting agencies, announced a massive data security breach that exposed vital personal identification data — including names, addresses, birth dates, and Social Security numbers — on as many as 143 million consumers, roughly 55% of Americans age 18 and older.1 Continue reading
For many families, this is an important question. Unfortunately, most dual income couples feel that both of them have to work in order to meet their expenses and maintain their lifestyle. If you evaluate your situation financially–factoring in the cost of working and the amount of taxes that you pay while both of you are working–you may find that you have a choice. One of you may be able to stay at home without seriously affecting your cash flow. This evaluation will at least enable you to make a more informed decision. Continue reading
When people pass away, they usually leave behind money and other things of value (assets). In addition, they may have auto loans, mortgages, and other outstanding debts (liabilities). Together, the assets and liabilities left by a decedent are known as the estate. Settling an estate means that someone follows the legal and administrative procedures set up to pay the liabilities of the estate and distribute the remaining assets to the rightful beneficiaries. Continue reading
It is popularly accepted that 401(k) plans are and will continue to be the most important savings vehicle for most Americans. However, they may also be the most neglected and misunderstood investment that people hold. Continue reading
College is an exciting time, but it’s also an expensive undertaking. According to collegescholarships.org the average accumulated student loan debt is between $26,000 and $100,000.
It’s important that parents prepare their college freshmen for their money choices, just like they would prepare them for other life decisions. Before they head off to school, make sure your college student knows these tips that will allow them to enjoy the college experience at the lowest possible cost. Continue reading
After a divorce, you can claim retirement benefits based on your own earnings record (if you have been employed and have accumulated enough credits over the years), or you can claim benefits based on your ex-spouse’s earnings record (whether or not you ever worked), provided that certain requirements are met.
It takes some work to determine the ideal amount to be held in a cash reserve. This amount should reflect several important aspects of your current personal and financial situation–aspects that must be considered simultaneously and many of which are difficult to quantify.
Travel insurance refers to specialized coverage you can buy to insure yourself against various risks that travelers face. Travel insurance policies may protect you against one type of hazard (e.g., getting sick or having a trip canceled) or against a group of hazards. You can purchase travel insurance from insurance companies, travel agents, tour operators, cruise lines, rental companies, or travel assistance companies. Coverage, cost, and terms vary widely. Continue reading