Having the proper insurance coverages in place is a critical part of owning a home, it protects your investment and finances in the event your home is destroyed by an unexpected disaster such as a fire, flood or severe storm. Understanding the different coverages that are available to homeowners is key to making sure you […]
When it comes to saving money on your home and auto insurance there is a right way and a wrong way to get the job done. Lowering your coverage levels, which puts your financial future at risk, is always a horrible idea. Adjusting your deductibles, which can result in a significant premium decrease is the […]
Homeowners insurance can be a financial lifesaver if your home is damaged or destroyed by a covered peril. However, once you make a claim on your policy, there is a good chance that your premium will be headed up. It is always a good idea to understand what happens after you file a claim and […]
While most people are worried about inflation pushing up the cost of everyday items, one group in particular has a lot to lose as prices continue to rise. Senior citizens, those living on a fixed income and people who are on the verge of retirement will be impacted by inflation in greater numbers than people […]
A flexible spending account allows you to save money for medical expenses in a tax advantaged account. If you save money for your medical expenses in a standard savings account, there is no tax advantage but when you fund an FSA, the contributions into that account are tax free which means if you put $2,000 […]
The majority of financial experts recommend having at least three to six months’ worth of expenses in an emergency fund in the event you have unexpected expenses that come up. However, once you have your emergency fund set up and funded, you will have to decide what constitutes an emergency and when is it ok […]
Once you hit retirement, everything changes. You may have a new schedule, a new home and location as well as time to pursue your passions instead of worrying about getting to work. One other major change that you should absolutely take care of is your insurance coverage. While your new lifestyle may make some of […]
In many cases, when shopping for a homeowners insurance policy people tend to overlook the personal liability coverage portion of the policy. This can be a dangerous move as personal liability can be a lifesaver in certain situations. If you are shopping for a new homeowners policy, make sure your agent takes the time to […]
If you are retired or on a fixed income you may be considering using a reverse mortgage to access the equity in your home to help cover day to day expenses, fund a renovation or even pay for travel. While reverse mortgages can be an excellent tool in some situations, they are not for everyone. Here […]
Retirement budgeting can be a challenge and according to a recent survey unexpected expenses can really throw a wrench into the works. The survey, done by the Society of Actuaries, found that roughly have of retirees in their mid 70’s could not cover an unplanned expense of $10,000. Baby boomers are also having a difficult […]