You are going to have a baby. You have plenty of planning to do: Baby showers, potential schools, preparing the nursery, and preparing yourself for three hours of sleep. Everything seems to be discussed except for finances. Without deep, anticipatory discussions and planning you may be walking headlong into any number of common financial mistakes new parents often make.
Ever hear someone complain that their parents never provided money lessons or proper financial education? Don’t be those parents!
Health insurance is an important aspect of everyone’s health. But a surprising number of people do not even know the most basic health insurance terms. Here is a primer of important terms to know.
A pre-marital financial discussion is a must for those who want to establish a financial foundation and a relationship of trust and teamwork.
People may not normally equate life insurance with children, however purchasing life insurance coverage for children has many benefits. For example, coverage will never be more affordable. Find out four other reasons you may want to at least consider coverage for the young.
Becoming financially responsible takes time. But it does not require catastrophic changes except in the most dire circumstances. For the new year, here are several financial moves that may prove to be quite simple and painless.
One study has Millennials averaging a 625 credit score. That is not a great score and lower than any other generation. But this score can be raised with some simple financial advice we feature in our Millennial financial advice roundup.
One of the first steps in financial preparedness is an emergency fund; one of the next steps is to protect your income with disability insurance. Nearly half of respondents had debt or unpaid balances left over from the surprise medical costs, which averaged $2,782.
Our hope for all those who answered the last statistic is that they were not confronting a loved one who became disabled and temporarily or permanently lost his/her ability to earn a paycheck.
Are you still using or anticipating using the four percent retirement rule? Maybe you ought to think twice before doing so. This rule was a great rule of thumb when it was created in the mid-90s up until about 10 years ago. Then interest rates plummeted, and with them, the efficacy of the four percent withdrawal rule.
Don’t miss out on a great way to ease the financial strain faced by people with disabilities by creating tax-free savings accounts, a 529 ABLES. These savings accounts do not replace benefits provided through private insurance, Medicaid, or supplemental security income.