In show-business, few can claim that they are the much sought after triple threat. While many can sing and dance, or act and sing, few stars can sing, act, and dance exceptionally well. When it comes to tax-preferential savings there is one account that can sing, dance, and act above the rest. This ever elusive triple threat of the retirement savings world is none other than the Health Savings Account (HSA).
By this point it's clear that the coronavirus has impacted millions of people around the globe. Nearly everyone has been affected by the virus in some way. While many of us are struggling with the realities of the last few months, some groups have fared worse than others. Specifically, members of the LGBTQ community are more apt to be negatively financially impacted by the coronavirus than other groups.
As financial advisors we understand that the topic of insurance is not the most exciting or glamorous. When we discuss insurance with our clients, we do everything in our power to keep their eyes from glazing over in boredom. Today we will discuss one the most plain vanilla policies, but arguably one of the most important, the umbrella policy. Stay with us because getting umbrella coverage could be one the best financial decisions you ever make.
While retirement is a chance to begin a new chapter, that does not mean it comes without financial risks. One of the most troubling is the potential for needing long-term care. According to longtermcare.gov an individual turning age 65 has almost a 70% chance of needing some form of long-term care service at some point in their life. With the costs of healthcare continually on the rise, what have you done to prepare to ensure you and your family are taken care of?
In today's digital age, almost anything you could ever want to know can be found online. Have a leaky faucet? Watch a YouTube video on how to fix it. Want to find high-interest fee-free savings accounts? Just Google it. Have the urge to learn how to code? Enroll in a free course online. With the wealth of information found on the internet this begs the question, do I really need a financial advisor?
We all see the startling headlines about how much healthcare costs and that it is continually going up. Fidelity recently came out with a study that estimates that a 65 year-old couple who retired in 2018 can expect to spend around $280,000 for health related expenses in retirement! This leaves many pre-retirees wondering, how am I ever going to afford that along with all my other expenses?
Where does the time go? Another year came, and another year went. Did you stick to all your New Year's resolutions in 2018? If you didn't, you're not alone. But don't get discouraged, you get another chance to stick to your goals in 2019. That's why we created a list of 5 bite sized resolutions that anyone can stick to.
If you thought that homeowners insurance covered flood damage you're not alone. It's a common misconception, but it's not something you want to find out when disaster strikes. We'll take a look at the basics of flood insurance and why you should consider getting your home covered.
It's that time of year again when many employees have a chance to change their benefits offered by their employer. Depending on the company, there may be a plethora of different benefits to choose from. One of the most common benefits offered, and one of the most important, is health insurance. But which policy is right for you?
If you're over 65, or becoming that age soon, it's likely that Medicare has become a major issue of concern. Health insurance can be confusing, and all the various options surrounding Medicare choices are enough to make almost anyone's head spin. There are many different Medigap policies to choose from, but the most popular is Medigap plan F. However, by the end of 2019, this popular option will no longer be available.
Knowing how to handle details like timing and amount can be confusing when purchasing family life insurance. Make sure your family understands these life insurance mistakes and how to avoid them.
Disability insurance provides you with income if you become unable to work because of illness or accident. It is only available for people who have earned income, since it is the income that you are insuring. If you work for a large company, you likely have at least the option of having disability insurance.