Home ownership is a significant investment, and protecting your home and belongings from unexpected events is crucial. Homeowners insurance provides essential coverage that safeguards your property against a range of risks. However, understanding the specific coverage you need can be overwhelming. In this blog post, we will discuss the key components of homeowners insurance and […]
When a company’s coffers are flush with billions in cash, they usually use such funds to buy back their own stock. Stock buybacks is the practice of a company actively buying its own shares on the public market. David Kostin, chief equity strategist for Goldman Sachs, estimates that corporations trading on the S&P 500 spent […]
Annuities can be an appropriate retirement savings vehicles for those individuals with specific needs and investment objectives. There are a dizzying array of annuities marketed by financial advisors. Regrettably, over the years, unscrupulous financial planners, motivated by the high commissions paid, have sold annuity products to individuals for whom the product was clearly unsuitable in […]
Americans are into medical tourism in a big way. Medical tourism is the practice of citizens from developed countries flying to other countries to get discount medical treatments. And according to Jacob Pope, the COO of Medical Departures, a travel website for medical tourists, medical travel by Americans is up sharply. Americans are traveling to […]
Do you know how much money it takes to be considered rich? In a recent survey, Americans said that you need $2.6 million to be considered wealthy. But have you ever thought of all the drawbacks to becoming a millionaire? Here are four drawbacks to being newly wealthy you should think about. Losing money is […]
Gary Shilling, a highly admired financial analyst and commentator, argues that the millennial generation should be pleased they have been forced into a position where they must rent instead of purchasing a home. In an Op-Ed, he writes, “millennials spend a lot of time bemoaning their inability to buy a home, forcing them to keep […]
Your spending habits can make or break your financial future. If you keep your spending in check, you can save, invest, and eventually become financially independent. If you are reckless with your spending you could get caught in a debt trap and ruin your financial future. So, how do you get rid of the habits […]
Facing medical debt can be overwhelming, especially when dealing with unexpected medical expenses. However, negotiating payment of a medical debt is a viable option that can provide financial relief and pave the way to a more manageable situation. In this blog, we will explore effective strategies to help you negotiate the payment of a medical […]
Some Americans nearing retirement are facing a harsh reality. They haven’t saved nearly enough for retirement and must now decide how to address the looming shortfall. The following is a list of suggestions for helping those nearing retirement to increase the amount of disposable income necessary to insure they don’t outlive their projected income stream. […]
The average American has about $73,000 saved and more than $98,800 set aside for retirement. Yet the hard truth is that most Americans couldn’t save for retirement, even if they wanted to. For example, the average American household owes over $92,700 in debts. Meanwhile, the typical American worker is only making about $48,700 annually in […]
