In this litigious society, no one is immune from potential lawsuits. Anyone with significant assets might need protection from the devastating effects of a liability lawsuit. Elected officials and members of boards may be especially vulnerable. It’s not uncommon for plaintiffs to name everyone involved in an incident who has any perceived authority, responsibility, or [...]
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Rising health-care costs have driven the demand for, and the price of, medical insurance sky-high. The availability of group coverage through employment has helped many Americans face such costs. However, people who are not currently covered by their employers have few affordable sources for group coverage. If you are not covered at work, inquire about [...]
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Why do people not achieve financial success? Reason One: Lack of knowledge: or more specifically, a lack of desire to gain knowledge. Make the effort to read about financial matters and you will learn. Many people don’t know where to go for unbiased advice so they do nothing. Reason Two: Failure to set plans. Did you know that [...]
Does your budget never seem to balance the way it should? Are you constantly digging into the savings to make ends meet? If you find that your budget isn’t doing the job, then it’s time to take a good look at essential components you might be missing or you have not allowed sufficiently for. Some [...]
When anyone commits insurance fraud, guess who pays the ultimate price? The consumer. Sure, the insurance company may pay the bills but no one is really “sticking it to the insurance company” – they are sticking it to the policyholders. After all, as expenses rise, so too do premiums. The Insurance Information Institute estimates that insurance [...]
A family health budget helps you predict your annual health care expenses. If that sounds impossible to you, you’re not alone. Eighty-three percent of people say health care expenses are hard to predict. So how in the world can you guess what to budget for? It’s easier than you think. With some basic information, like [...]
Whether you’re single because you’ve never married, or are suddenly single due to divorce or death of a spouse, money management and financial planning are critical. You have only yourself to depend on for income, goal-setting, decision-making, and retirement planning. Here are the issues that most need your attention: Debt: Know exactly who you owe, how [...]
If you are caring for a disabled child or sibling and are wondering how to make sure they are taken care of if you pass away, you should look into the a special needs trust, also known as a supplemental needs trust. 1993 Omnibus Budget and Reconciliation Act (OBRA-93) In 1993, Congress passed the Onmibus [...]
Your credit report–a type of consumer report–contains information about where you work and live and how you pay your bills. It also may show whether you’ve been sued or arrested or have filed for bankruptcy. Companies called consumer reporting agencies (CRAs) or credit bureaus compile and sell your credit report to businesses. Because businesses use [...]
Does your budget never seem to balance the way it should? Are you constantly digging into the savings to make ends meet? If you find that your budget isn’t doing the job, then it’s time to take a good look at essential components you might be missing or you have not allowed sufficiently for. Some [...]
