The loss of your spouse or partner, no matter the reason, can turn your world upside down. You likely know someone who has shouldered the emotional burdens of this loss from a death, divorce, or other difficult circumstance. Perhaps she simultaneously inherited a money mess to untangle or endured a devastating financial hardship. I… Continue reading Why Wives Must Get Involved in the Family’s Money
Tag: finances
Why Fixed-Rate Annuities Pay More Than Bank CDs
Fixed-rate annuities act much like bank certificates of deposit but usually pay much higher rates than CDs of the same term. How can insurers afford to do that? After all, both banks and insurers pay a set rate. Before we answer that question, let’s cover the basics of how each works. A very popular type… Continue reading Why Fixed-Rate Annuities Pay More Than Bank CDs
Has COVID Clouded Your Retirement Picture? 3 Tips to Plan Clearly
Some people planning for retirement may do most of the right things in terms of saving and investing. But they don’t have a crystal ball and cannot foresee exactly how much money they will need in their non-working years – or for how long. That uncertainty – magnified by the financial effects of COVID-19 – is one… Continue reading Has COVID Clouded Your Retirement Picture? 3 Tips to Plan Clearly
4 Downsizing Tips for Empty Nesters
All your kids have flown the coop, and this can mean only that—you guessed it—you’re an official empty nester. Although this stage of life can seem daunting or uncomfortable at first, there’s also freedom in knowing the kids are off to spread their wings, and now it’s time to prioritize yourself. For most empty nesters,… Continue reading 4 Downsizing Tips for Empty Nesters
Make These Year-End Financial Moves Now—and Don’t Make This Mistake
As 2017 lurches toward its end, investors need to plan their tax and investment moves before it’s too late. But it’s just as important to not do one thing. Don’t make this tax mistake. Don’t buy a mutual fund that will soon make a large distribution. You may give the IRS a big gift. Given… Continue reading Make These Year-End Financial Moves Now—and Don’t Make This Mistake
10 Financial Questions to Ask Your Parents
As the years go by and mom and dad age, life can become complicated. Certain things are practically impossible to prepare for, while others, like finances, can and should be organized and taken care of early on. What do you, as an adult child, need to know about your parents’ finances? Kurt Kazanowski, a hospice,… Continue reading 10 Financial Questions to Ask Your Parents
5 Mistakes That Can Torpedo Your Finances
The investment world comes with such a maze of options and pitfalls that it’s little wonder people routinely become entangled in monumental and costly mistakes. Tax implications lurk behind nearly every move. Investment risks vary from negligible to moderate to great. And it’s not just a matter of making the right financial decisions. It’s making… Continue reading 5 Mistakes That Can Torpedo Your Finances
Long-Distance Caregiving: What You Need to Know
Anyone, anywhere, can be a long-distance caregiver, no matter your gender, income, age, social status, or employment. If you are living an hour or more away from a person who needs your help, you’re probably a long-distance caregiver. Long-distance caregivers take on different roles. You may: Help with finances, money management, or bill paying Arrange… Continue reading Long-Distance Caregiving: What You Need to Know