According to data from PricewaterhouseCoopers, many Americans are in the so-called “middle market” of retirees, with somewhere between $100,000 and $1 million saved for retirement. The data also reveals that roughly half of Americans aged 55 or older have less than $100,000 in retirement savings, which is not enough for a traditional retirement. Some financial […]
Traditionally, parents buy life insurance policies for themselves to provide for their children in their absence. However, there are times when parents may want to consider purchasing a life insurance policy for their child. Why. The most cited reason why you might want life insurance for your child is the payment of final expenses, such […]
Financial planners often use a simple analogy to explain retirement income: a three-legged stool. The three legs symbolize Social Security, pensions, and personal savings. But where do annuities fit? On one hand, an annuity is a self-created pension plan. On the other hand, an annuity is created from personal savings. But it may be best […]
Donut hole: This pleasant-sounding name actually describes a coverage gap in Medicare Part D. The donut hole appears when your non-generic prescription costs exceed your plan’s initial coverage limit ($3,820 in 2019), but have not yet reached the catastrophic coverage level. You can avoid the donut hole longer and perhaps entirely by reducing your prescription […]
Did your auto insurance rate go up? If you noticed an increase in your premium, this is often due to one of three reasons. Fortunately, there are three things you can do to push that figure back down. Here’s the scoop. Tickets: Did you receive a traffic citation? Tickets are a common cause of insurance […]
Did you know two homes can have identical square footage but vastly different insurance costs? They might even be right next door to each other. How is this possible? The cost of premiums is based on the risk factors of the homes. With vastly different features, the two properties don’t have the same likelihood of […]
Ways to cut expenses with technology while shopping, being at home, or out having fun. Apps can alert you to upcoming deals, compare prices, or help you buy and sell used items. When shopping, consider buying generic or store brands. Before leaving the house, turn lights off and reduce the temperature. Entertainment doesn’t need to […]
2019–Save money, Get Healthier Eating out during the work or school day is fun and convenient. There’s no scrounging in the cupboards for something to prepare, searching for forks when you forgot yours at home, or eating cold spaghetti when the office microwave is out of order. But what’s better than convenience? Keeping money in […]
