Providing financial assistance can be tricky, particularly when it involves close friends and family members. While the instinct to offer financial help for those we care about is admirable, it should be met with caution as it can often lead to bad outcomes. If a family member or friend is seeking financial assistance, below are […]
If you are on Medicare, it’s that time of the year again! Now is the time to review your current plan and compare the options available to ensure you are on the best plan for your situation. You could potentially save thousands of dollars. There is a deadline for making changes for 2021, so don’t […]
As we enter the 4th quarter of 2020, uncertainty remains in capital markets related to Covid-19, elections, etc. While much attention is often paid to financial issues outside our control, investors should focus their energy on tax efficiency areas, which are within their control. Additionally, with potential tax increases/changes resulting from the November elections, emphasis […]
The average retirement age in the United States is sixty, and the average life expectancy is age seventy-nine. Note that to get the ‘average’ life expectancy, you include many who will live well beyond that age, with more and more people living to centenarian status. It goes without saying that you must carefully calculate that […]
Due to the Covid-19 pandemic, and the unprecedented economic damage it inflicted, many lenders created deferment and forbearance relief programs to assist borrowers in their time of need. While this was welcomed relief for the unemployed and those suffering from severe reductions in income, consumers participating in these programs should understand what is expected of […]