Should you save it? What are smart ways to spend it? Following is some advice in deciding how to handle a windfall of income.
The Personal Financial Organizer
Your bundle of joy has arrived. You have all the cute little clothes, safest car seat, a bassinet, and everything else that is necessary. Right? Well, maybe not. After the planning to have the baby (checking your medical insurance coverage, planning on your leave from your job, figuring out day care arrangements, etc.), there may be some basic financial planning that is
President-Elect Donald J. Trump now has his work cut out for him. Our country needs for him to be successful. Here is a very brief list of some things that he will be dealing with that will affect the currently anemic economy.
THERE IS STILL A MASSIVE NATIONAL DEBT
- Getting Ready to Retire?
- Looking for a Better Match with a Financial Advisor Who Will Meet Your Needs?
- Beginning to Build Your Investment Portfolio?
You should make sure you know the answers to these questions before you take the next step.
We are certainly living in interesting times. Let’s very briefly explore some of the topics that have caused market anxiety this year.
One of the many issues that we don't want to deal with is our own mortality. However, there are many good reasons to review your life insurance coverage, and some of your life goals may be met by doing so.
I Already Have Insurance... Why Do I Need To Review It?
One of my clients, when the markets do what they have been doing recently, will call or send an email and ask me to please stop messing around and fix the markets. I feel his pain and I wish I had that kind of power. If only it were that easy.
Everybody needs estate planning to protect your loved ones when you die or if you become incapacitated. When emotions run high, your estate plan settles your affairs and will help the people you care most about with difficult decisions. In addition to a Last Will and Testament (which you need to get NOW if you don’t already have one), some other considerations are also important.
I am not an expert in healthcare, so you should consult someone who is. However, when you retire and decide to travel abroad, what are you doing for health insurance? If you are enrolled in Medicare, basic coverage is no good as soon as you’re six hours out of port. From there on, any emergency care could be on your dime. Medicare covers enrolled Americans at home, not overseas.