Planning now will go a long way toward helping you have a more peaceful and prosperous retirement. “A couple in their mid-50s purchasing new long-term care insurance coverage can expect to pay just over $3,000 for a potential combined benefit of over $770,000 in coverage should they begin needing care at age 85.”- American Association [...]
We are now facing an economic situation similar to about 20 years ago, and I know from experience that you’re not going to like what’s about to happen to you and your important money.
As with all things, no one will know that you are unhappy unless you say something. While this may sound like an impossibly daunting task, tactfully voicing your complaints and concerns might just make you realize that you are not the only one who has them.
Try to save something while your salary is small; it's impossible to save after you begin to earn more. --Jack Benny At one time or another, every one of us has struggled with money issues. Even those of us who spend lots of time thinking about how to improve their finances and who go to [...]
Sleeping well is tough with the volatility of our economy The stock market is volatile. The CEOs salaries are out of control. The hedge funds are losing money. What options does that leave for the safety investors? Where can we invest our money to ensure it will not lose value? A bigger question is [...]
What is the real benefit of Fixed Indexed Annuities? Your funds are fully guaranteed and are safe and secure. Your Fixed Indexed Annuity can only increase. Fixed Indexed Annuities are best suited for people who want to protect their original principal and provide for an increase in funds linked to a major index.
Take deferral facts with saving bonds.
Your credit score is used to evaluate your credit worthiness and determines the amount of the loan (credit) that you receive and the interest rate of that loan. The average credit score in the U.S. is around 678-750, but the average American is also more than Eight Thousand dollars in debt. While a credit score of 678 won’t keep you from getting a loan, it won’t necessarily guarantee you the best interest rate either.
In a perfect world, your will would be drawn up, your assets would be distributed in a timely, no-hassle fashion after your death, and your family would be immediately able to enjoy the financial legacy that you spent your life creating for them. Unfortunately, no one lives in a perfect world, but a beneficiary-controlled trust can help ensure that your children will have access to their inheritance in a way that is faster, and is legally protected longer-than some of the more traditional methods. A Beneficiary trust is long-term many states allow this type of trust to remain in perpetuities for at least a century, if not longer. A Beneficiary trust also maintains a structure that protects assets from creditors, false-heirs, ex-spouses, and any other potential beneficiaries and parties not named by the trust.
Investing in your 401k is absolutely crucial to your future financial security, and as such, it is important to know how hidden fees and other 401k provider practices can impact your investment. With investing, as in life, it is often the unexpected things that have the biggest impact. Keep reading to find out how certain aspects of typical 401k plans may impact you.