Why Employer-Provided Life Insurance is Dangerous
One of the most dangerous mistakes you can make is to rely on the life insurance your employer offers up as benefit. Here’s why: 1.
Open Enrollment Season: 4 MUST-DO’s
Please don’t keep your health insurance on autopilot. I know it’s tempting just to ignore the annual “open enrollment” communications from your employer to review your choices, and just stick with the plan you have.
Health Insurance: 3 Reasons You Should Pick the HSA Option
About half of large employers now offer a high-deductible health insurance plan (HDHP). I know the mere mention of “high deductible” might send your blood pressure skyward, but please listen to me. For many of you, a HDHP may be the smartest health insurance.
What You Need to Know About Social Security “Going Broke.”
You know that I think it is smart to delay taking Social Security as long as possible, so you can then receive the biggest possible Social Security payout. But I often hear from many of you that you are worried this doesn’t make sense, because you stand to lose out because Social Security is “going broke.”
The going broke message is the favored phrase among politicians who are more interested in fear mongering than facts.
3 Rules for Doling Out Allowances
Parents, we have a problem. So many of you make a mess out of allowances. You reward the wrong thing, and totally miss out on the big picture: beginning to teach your child about the value of money.
Student Loan Alert: Beware the Cost of Capitalization on Unsubsidized Staffords
Attention all college freshman, and returning students! If you have taken out an unsubsidized federal Stafford loan to help pay for college, I am betting you are making a big financial mistake.
Five Easy Moves to Save At Least $100 a Month
I’ve spent a lot of time poring over the finances of families who come to me for help. No matter what problem they are trying to fix, a universal step in my review is to go through their monthly spending in detail and show them how trimming back on certain expenses can add up to substantial savings.
The Massive Mistake 4 in 10 Parents With Young Children Make …and how to fix it in four easy steps
A new survey makes me sad, mad and very nervous. According to Bankrate.com, 37% of parents with children under the age of 18 have no life insurance. And even the parents with life insurance aren’t really protecting their family, as one-third have policies with death benefits that do not exceed $100,000. That may sound like a lot of money, but it’s woefully little once you sit down and run the numbers.
What Every New College Grad Needs To Know About Repaying Student Loans
Falling behind on your student loans is one of the worst financial mistakes you can ever make. The penalties and fees if you fall behind, and into default, can add thousands of dollars to your bill.