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[…]
Dunk Your Prescription Costs to Avoid the Donut Hole
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[…]
Why Did My Auto Insurance Premium Increase?
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[…]
Is Your Home Riskier Than Your Neighbor’s?
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[…]
How to Save Money: 20 Insanely Simple Tips
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.[…]