Our opinion that fee-only financial planning is terrific is biased. So, you do not have to take our word for it. Financial journalist Jane Bryant Quinn, consumer expert Clark Howard, personal financial guru Suze Orman, and non-profit organization Consumer...
For shorter investment timelines, the safety of your money may be more important than the fact that the money keeps up with inflation. If so, there are a handful of investment options available, including . . .
Question #3: "Are you healthy?" If not, then it becomes much more difficult to qualify for a long-term care insurance policy. Waiting until you are no longer healthy to apply for long-term care could make the process . ....
A stretch IRA is not a type of IRA account. Rather, a stretch IRA is a distribution strategy for the inheritors of IRA accounts. With a stretch strategy, the IRA account is passed from beneficiary to beneficiary, with the...
The Social Security Administrations reports: ...over 1 in 4 of today’s 20 year-olds will become disabled before reaching age 67. Those are some pretty rough odds! Given the risk, a disability policy can be a useful tool for protecting one's income...
If you’re one of the few lucky Americans that has a pension, you may have a deliberation in front of you: how and when to receive your money. With many pensions, you can choose to either elect: annuitization (to...
Life’s emotional challenges are often intertwined with life’s financial challenges. When it comes to advanced financial planning, these life challenges are scrutinized for their financial impact. Consider three significant life-changing events: • the birth of a child • the...
It is important to understand your cash flow; you want to know where your money is going. For the purposes of financial planning, categorize expenses into boxes A, B, and C. This process serves as a tool to help...
Different types of investment returns are taxed distinctly. Knowing how investment returns are taxed can help you better manage your investments. Short-Term Capital Gains For an explanation of short term capital gains, imagine Bob: Bob buys shares of Apple...
You have seen the commercials: people carrying their nest eggs, or their money board, indicating the hypothetical dollar amount required for retirement. Seeing these advertisements may have prompted some introspection on your part. You may be thinking: When can...