You’ve probably heard of fee-only financial advisors. But what does this mean? When you invest with a fee only advisor, you can be confident that your best interests are their priority because there’s no incentive to push products or services just to make money.
With so many devices connecting to your home wifi and all the “smart” devices that are coming out, you’re more exposed than ever. This post will teach you how to keep your home network secure.
This digital world has brought us all kinds of conveniences to our lives. Like all things, it does come with some obstacles such as cybersecurity. I was at a conference a few years ago and attended a Cybersecurity session because I saw that they were discussing the dark web and I was quite curious. In this session, I found out that in other countries hackers go to a place of work and have normal 9-5 jobs where they go there to hack and do illegal things. This blew my mind. So, the next time you get a spam call, just think that they are probably sitting at their day job!
Interest rates are low and house prices are soaring—so, should you refinance? What Factors Should You Consider? There are many factors involved in the refinancing decision—your current interest rate and term, where you are in the lifecycle of your loan, what loan you want to apply for, the cost to refinance, your breakeven for recouping […]
Following are some highlights from Biden’s Tax Plan. Some have been enacted with proposals for extension and others are still proposals. Child Tax Credit Enacted for 2021 (starts phasing out for single tax filers at $75K and married filing joint at $150K) $3600 for children under 6 $3000 for children ages 6-17 (previously children aged […]
A Health Savings Account (HSA) is an account that you can fund for medical expenses when you are enrolled in a high deductible health plan. This can be a great tool to pay for medical expenses tax free. A high deductible health plan has certain parameters to meet in order to qualify. If you are a healthy individual and rarely go to the doctor, this is a great savings tool for you.
Long Term Care Insurance provides a benefit for your long-term care as you age. Long term care is the care you need when you cannot perform your activities of daily living (ADL’s). There are six ADLs associated with long term care. They are bathing, dressing, eating, transferring, toileting and continence. Usually, your long-term care insurance kicks in after you cannot perform two ADL’s or memory care issues.
Do you need disability insurance? Would you want to protect your largest asset? If so, then I would say yes, you need disability insurance. Your largest asset during your working years is your ability to make money. According to the Council for Disability Awareness, more than one in four of today’s 20-year old’s will be out of work for at least a year due to a disability before they reach full retirement age. That is an alarming statistic.
Why do you need Life Insurance? Not everyone does need life insurance. You need to think about your current situation. For example, if you own a home with your spouse and you pass away tomorrow, would you want to make sure your spouse has enough money to not worry about the mortgage payment? What if you have kids—would you want to make sure there are some assets available for childcare while your spouse works in addition to having funds for the mortgage payment?