A will is the foundation of your estate plan and it is essential if your financial affairs are to be settled in accordance with your wishes. If you die without a will, or “intestate” as the law refers to it, essentially the state becomes your executor and your property will be distributed according to its laws.
Few consumer products are the object of a love/hate relationship as life insurance. The thought of buying life insurance is not something that most physicians relish, yet, if it is done right, it can provide the greatest peace-of-mind a person can have. The key is to do it right.
Life insurance plays a crucial role in securing the financial future of a family. And, while the decision to buy a policy is an easy one, purchasing one can be vexing due to the overwhelming number of choices available.
For anyone who has purchased life insurance, most would agree that it is one of the most critical financial moves they could make. Yet, many people fail to give their life insurance purchase the meaningful consideration it requires. A life insurance purchase is for life, which means there are no “small” mistakes when purchasing it, only big, costly ones.
With the proliferation of investment and personal finance websites, investors have access to a boundless number resources and tools once only available to financial professionals.
While the current stock market boom has some people rejoicing it doesn’t appear as though their level of anxiety has abated much. Investors sometimes have short memories, but a stock market rally s is not likely to make people forget the carnage left behind in their 401(k) s and stock portfolios after one of the worst market declines in our history.
Nearly all the mistakes made by investors can be attributed to the mismanagement of risk due to misunderstanding risk, underestimating or overestimating risk, disregarding risk, miscalculating risk, or the failure to consider all forms of risk.
The current economic environment has caused most everyone to reconsider their personal finances with many people having to drastically change their spending and savings habits. Out of this economic malaise may come an opportunity to finally instill the right habits in your teens that can carry them into adulthood on the right financial footing.
With marriage comes the promise of a life of happiness. However, once the honeymoon is over, newlywed couples must face the reality that their marital union is also a financial merger. Money issues are one of the primary causes of marital problems, especially when there is no strategy to guide a couple through the multitude of financial decisions that must be made on a daily basis.
There’s a good reason there’s an estimated 74 to 96 million owned cats and 70 to 80 million dogs in the U.S. With wagging tails, slobbery kisses, and little whiskers that make for adorable Instagrams, pets give us that warm, cuddly feeling inside. They are part of our families and some of our best friends.