What will happen to your family if you’re in an accident or injury? Disability insurance provides an income, so financial issues aren’t a burden. Choosing the right type of insurance is essential for protecting your earnings. Social Security payments are limited, so disability income insurance is essential. Consider these options when choosing a plan that’s… Continue reading 10 Key Disability Insurance Policy Features to Understand
Category: Personal Finance
6 Tips To Cut Credit Card Debt
Are you challenged with excessive credit card debt? Don’t despair! While credit card debt can feel challenging, it can be overcome with work and planning. You can take action today and achieve mastery over your finances! Try these easy ways to reduce and eliminate your credit card debt: Always pay more than the minimum. You… Continue reading 6 Tips To Cut Credit Card Debt
Benefits of A 1031 Exchange
A 1031 exchange is a powerful tool that can be used to defer taxes on the sale of an investment property. By reinvesting the proceeds from the sale into a new property, investors can avoid paying capital gains taxes on the sale. This can provide a significant tax benefit, which can be used to grow… Continue reading Benefits of A 1031 Exchange
Real Estate Tax Traps
Perhaps one shouldn’t be surprised that new real estate investors repeatedly fall into the same tax traps. With some tricky tax accounting, real estate burdens investors—especially new investors. But just because some other newbie makes these mistakes doesn’t mean you need to. You need to know where the traps are so you avoid them. And… Continue reading Real Estate Tax Traps
Is A 529 Plan Worth It?
Your child is ten years old but has decided they want to be a doctor. You’re probably pleased with the prospects of having a doctor in the family. However, like most parents, you try to hide the panic as you consider how much a college education will cost eight to ten years in the future.… Continue reading Is A 529 Plan Worth It?
7 Questions To Ask Yourself Before You Pay Off Debt
If you’re fortunate enough to have an income that exceeds your bills, it can be unclear how to put that positive cash flow to good use. Is it better to pay off your debt or put it into savings? Deciding whether to save or pay off debt can be determined by examining a few essential… Continue reading 7 Questions To Ask Yourself Before You Pay Off Debt
6 Steps To Disability Financial Security
You likely have life insurance. You know that your family will be okay should your life end prematurely. But what if you become disabled? There’s a good chance you don’t have sufficient resources or insurance to replace lost income if you find yourself unable to work. Most Americans fail to consider the ramifications of short… Continue reading 6 Steps To Disability Financial Security
7 Tips To Lower Closing Costs
One set of costs that will quickly become significant to you when you’re purchasing a home is buyer closing costs. Closing costs are the variety of fees charged to you by those involved in the sales transaction. Typically, these costs run from 2 to 4 percent of the sales price but vary with geographical location… Continue reading 7 Tips To Lower Closing Costs
Teach Your Kids Good Financial Habits!
Have you ever heard that it is easier to teach things to kids than adults? It’s true. This goes for money, too. If you want your kids to save more than they spend, start at an early age. Here are some tips: Play money games with your kids. Monopoly was a popular game when I… Continue reading Teach Your Kids Good Financial Habits!
401k Plan Basics
Many employers offer 401(k) plans to help their employees save for retirement. However, there is much to learn about the 401(k) – details and explanations that will help someone decide whether a 401(k) is right for them. Most employers provide tax-deferred investing to their employees in the form of 401(k), which also helps to lower… Continue reading 401k Plan Basics