Long-Term Care Insurance (Do You Really Need It?)
My family has been fortunate to not have had a family member spend a considerable time in the nursing home. For families who have not been as fortunate, the whole experience can be a devastating one; emotionally and financially. For those who were fortunate enough to have taken out a long term care policy, they won’t experience the mounting costs …
READ MORE
Fitch Ratings | What They Are, and How to Use Them
Purchasing a life insurance policy is one of the most important decisions an individual can make. The problem is that there a so many life insurance companies, that choosing the right one can be an intimidating task. You should certainly do your due diligence before choosing. And, there are many factors you should consider before making your choice. One factor …
READ MORE
What Is a Credit Union?
A lot of people think banks and credit unions are the same thing. For the most part, they are very similar. However, there are several key differences that set credit unions apart from banks. We are going to look at the difference between the two types, and some of the advantages of a credit union. You’ll also get some of …
READ MORE
What’s the Differences Between Coverdell Education Savings Accounts vs 529 College Savings Plans?
I just had my third son, the reality that I’ll be shipping my kids off to college sooner than later is sinking in. I had already started a 529 College Savings Plan for my first and will plan on doing another one for the second and now third. Recently, I had a client in a similar boat and inquired about …
READ MORE
The Top 10 Cities To Retire In (Financial Advisor Approved!)
You’ve probably seen dozens of lists like this, but let’s admit it – most of them center on locations that are already flooded with retirees for all the usual reasons. On this list, I’m zeroing in on cities that offer tangible financial advantages to retirees. Sure, they’re great places to retire. But each also offers financial or economic benefits beyond …
READ MORE
Do You Need Flood Insurance?
Federal officials say flooding is the leading cause of property loss from natural disasters in the United States. Yet even though flood insurance is relatively inexpensive and policyholders can collect for flood damage without an official disaster declaration, many go without coverage. Special disaster insurance, offered through local insurance agents or directly from the government-run National Flood Insurance Program, is …
READ MORE