The document summarizes a financial workshop for women that covered various topics:
- Encouraging women to share financial insights and learn from real-life scenarios.
- Discussing unique challenges women face such as earning less and living longer.
- Covering scenarios of different women at various life stages and the financial advice provided.
- Emphasizing the importance of being prepared, insuring against risks, reducing debt, estate planning, and maximizing retirement savings.
- Advising seeking help from financial professionals for investments, insurance, taxes, legal issues, and more.
This document provides an overview of different types of personal insurance products and tips to help avoid common mistakes. It discusses life insurance, total and permanent disability insurance, income protection insurance, trauma insurance, and business expenses insurance. It emphasizes the importance of having adequate insurance coverage to protect your family's livelihood in case of illness, injury, or death. It warns against direct marketing insurance due to higher costs, lack of features, and uncertainty of payouts. It recommends seeking independent financial advice to help determine the right insurance coverage tailored to individual needs and circumstances.
This document outlines four steps to achieving financial security: 1) control your expenses by spending less than you earn, 2) increase your income through career advancement, 3) reduce debt and build savings, and 4) control risks through proper insurance. It then provides additional guidance on applying these steps at different life stages from your 20s through retirement. The overall message is that consistently following a plan of spending control, income growth, debt reduction, and risk management can lead one to the goal of financial security.
Women live 5 years longer, on average, than men. Planning your own retirement is crucial to living the life you want to live.... the way you want to live it. Call us, let's talk.
Sally Brandon on U.S. News & World ReportSally Brandon
The document discusses how much individuals should contribute to their 401(k) plans. It recommends contributing as much as possible, even just a small amount, as contributions will add up over time. It also stresses taking full advantage of any employer matching contributions. Experts suggest aiming to contribute 10-12% of income annually to help ensure a comfortable retirement, but starting at a lower level if needed and gradually increasing contributions. Proper planning and envisioning retirement needs decades in advance can also help motivate higher savings rates.
The document provides information on conducting a pension review and creating an action plan for a richer retirement. It outlines key questions to consider in the review, such as whether contributions are sufficient, financial needs, investment performance, and fees. The action plan section recommends assessing one's current situation, retirement goals, any gaps, and steps to take. Conducting regular reviews can help ensure a pension is on track to meet retirement income needs.
The document discusses factors contributing to the recovery of the US housing market in 2015, including low mortgage interest rates, less stringent lending requirements, low housing inventory, and millennials entering the market. It also notes that owning a home is more affordable than renting in many areas. The recovery is attributed to a variety of factors making home buying easier and more attainable.
The document summarizes a financial workshop for women that covered various topics:
- Encouraging women to share financial insights and learn from real-life scenarios.
- Discussing unique challenges women face such as earning less and living longer.
- Covering scenarios of different women at various life stages and the financial advice provided.
- Emphasizing the importance of being prepared, insuring against risks, reducing debt, estate planning, and maximizing retirement savings.
- Advising seeking help from financial professionals for investments, insurance, taxes, legal issues, and more.
This document provides an overview of different types of personal insurance products and tips to help avoid common mistakes. It discusses life insurance, total and permanent disability insurance, income protection insurance, trauma insurance, and business expenses insurance. It emphasizes the importance of having adequate insurance coverage to protect your family's livelihood in case of illness, injury, or death. It warns against direct marketing insurance due to higher costs, lack of features, and uncertainty of payouts. It recommends seeking independent financial advice to help determine the right insurance coverage tailored to individual needs and circumstances.
This document outlines four steps to achieving financial security: 1) control your expenses by spending less than you earn, 2) increase your income through career advancement, 3) reduce debt and build savings, and 4) control risks through proper insurance. It then provides additional guidance on applying these steps at different life stages from your 20s through retirement. The overall message is that consistently following a plan of spending control, income growth, debt reduction, and risk management can lead one to the goal of financial security.
Women live 5 years longer, on average, than men. Planning your own retirement is crucial to living the life you want to live.... the way you want to live it. Call us, let's talk.
Sally Brandon on U.S. News & World ReportSally Brandon
The document discusses how much individuals should contribute to their 401(k) plans. It recommends contributing as much as possible, even just a small amount, as contributions will add up over time. It also stresses taking full advantage of any employer matching contributions. Experts suggest aiming to contribute 10-12% of income annually to help ensure a comfortable retirement, but starting at a lower level if needed and gradually increasing contributions. Proper planning and envisioning retirement needs decades in advance can also help motivate higher savings rates.
The document provides information on conducting a pension review and creating an action plan for a richer retirement. It outlines key questions to consider in the review, such as whether contributions are sufficient, financial needs, investment performance, and fees. The action plan section recommends assessing one's current situation, retirement goals, any gaps, and steps to take. Conducting regular reviews can help ensure a pension is on track to meet retirement income needs.
The document discusses factors contributing to the recovery of the US housing market in 2015, including low mortgage interest rates, less stringent lending requirements, low housing inventory, and millennials entering the market. It also notes that owning a home is more affordable than renting in many areas. The recovery is attributed to a variety of factors making home buying easier and more attainable.
New "flip book" eMagazine is available for you right here. The value of insurance is front and center in this new publication which features an easy to use flip book feature. VantagePoint magazine is an independently produced quarterly publication that offers valuable information for mature adults (55+).
The live webinar will take place on July 5th, 2020 from 4:00 PM to 5:30 PM conducted by CA Akash G Jadhav. It will cover topics related to insurance, mediclaim, pension plans, and investment strategies. Some key points that will be discussed include:
- Choosing the right type of insurance plan based on needs
- Factors to consider when purchasing a term life insurance plan such as age and policy duration
- Common mistakes to avoid such as not disclosing health conditions, smoking status, or existing policies
- The appropriate level of life insurance coverage and number of policies to purchase
This document provides tips and advice for improving one's financial situation in the new year. It discusses setting financial goals, creating a money roadmap with short and long-term goals, earning more through freelance work or a side business, reviewing life insurance needs due to major life changes, talking about money with family, and estate planning with a will. It also includes statistics about financial resolutions and savings goals.
This newsletter from Cedar Point Financial Services provides information on procrastination, financial independence, and advice for recent college graduates. It discusses new research showing procrastination may be related to brain structure and personal values. Tips for overcoming procrastination include identifying triggers, breaking large tasks into smaller ones, and listing costs and benefits of action vs. inaction. Achieving financial independence requires earning more through additional work, spending wisely by reducing largest expenses, and saving aggressively through investments matched to goals and time frame. Advice for recent graduates includes setting financial goals, creating a budget, and understanding the importance of paying down student loans.
This document discusses financial planning and savings strategies at different stages of life. It recommends that people in their 20s focus on career development, pay themselves first through retirement contributions, and begin good savings habits. Those in their 30s should budget properly, save for retirement and children's college, and secure essential insurances. In your 40s, it is important to aggressively save for retirement and establish a relationship with a financial planner to develop clear savings goals and plans.
The document outlines 5 steps to take control of your financial security: 1) Lay the groundwork by assessing your current financial situation and estate plan. 2) Determine goals and build a plan to achieve them. 3) Take steps to minimize risks that could threaten your plan. 4) Embrace change and flexibility to adjust your plan over time. 5) Use financial planning tools to visualize your financial future and the impact of your decisions. Taking these steps will help gain more control over your financial security and ability to achieve your goals.
This document provides tips and strategies for managing finances and reducing debt during an economic recession. It begins with an introduction to the topic and reasons for addressing debt issues promptly. Subsequent chapters discuss staying out of debt, creating a budget, saving money in various spending categories, and strategies for small businesses to weather an economic downturn. The overall message is that taking proactive steps like budgeting, reducing discretionary expenses, and paying down debt can help individuals and business owners thrive despite challenging financial conditions.
This document provides information about the importance of retirement planning and conducting a retirement review. It stresses that planning ahead is crucial to ensure retirees can afford their desired lifestyle. A retirement review involves assessing a person's needs, objectives, current pensions and policies to understand what income they are projected to receive and if there are any gaps. It aims to help people position themselves best for retirement rules and afford their plans. The document dispels some common myths about retirement planning, such as relying solely on the state pension, treating a business or home as a pension, or believing it is too late to plan. It emphasizes taking advice from financial experts to understand retirement options and make the most of pension plans.
LET THE WISE HEAR AND INCREASE IN LEARNINGCharity Anyika
This document provides tips on how to avoid wasting money on unnecessary subscriptions and direct debits. It finds that many people pay for services they no longer use, such as gym memberships, phone contracts, utilities, and insurance. The document recommends regularly reviewing direct debits and cancelling any for services you are not actively using. It also suggests setting reminders when signing up for free trials to avoid getting rolled into paid subscriptions. Being aware of your rights to cancel contracts early without penalties can also help avoid wasting money. The overall message is to periodically check direct debits and commitments to ensure you are only paying for things you need.
This document provides a step-by-step guide to help consumers choose the best mortgage. It discusses:
1. Defining what is affordable, understanding your credit, choosing between fixed and adjustable rates, selecting the right down payment, and understanding how points affect interest rates.
2. The importance of understanding your credit report and score to qualify for the best rate. Correcting any errors can improve your score.
3. Different types of mortgages and their tradeoffs (fixed vs adjustable rates), the importance of understanding prepayment options, and being wary of risky loan features like balloons payments or prepayment penalties.
4. Steps to take like getting estimates of total monthly costs, calculating the
This guide helps consumers navigate the mortgage process in 8 steps: 1) defining what is affordable, 2) understanding your credit, 3) choosing between fixed and adjustable rates, 4) selecting a down payment amount, 5) understanding how points affect interest rates, 6) shopping with multiple lenders, 7) choosing a mortgage, and 8) avoiding pitfalls. The goal is to find the best mortgage to fit the consumer's financial situation through informed decision making at each step.
The document provides tips for raising money-smart children, including talking to children about money early and often, turning everyday experiences into teachable money moments, and providing age-appropriate lessons about earning, saving, spending, donating and investing money starting from a young age. It emphasizes setting a good example, creating an open dialogue, and allowing children to learn from their mistakes with small amounts of money.
This document provides 10 tips for personal finance and financial freedom. Tip 1 is to figure out your values and financial goals by writing them down. Tip 2 is to pay yourself first by setting up automatic savings transfers. Tip 3 is to pull your credit report annually to check for inaccuracies. The tips provide advice on tracking spending, reviewing investments, planning emergency savings, reducing debt, protecting your family with life insurance, reviewing insurance policies, and creating a will.
This document provides financial advice for newlywed couples on various topics including budgeting, investing, buying a home, and planning for a family. It emphasizes the importance of open communication about finances between partners and suggests couples create a joint budget, share financial responsibilities, and find a process that works for their unique situation. Specific tips are provided on budgeting, common investment products and strategies, factors to consider when buying a home, and financial aspects of planning for a family. The overall message is that discovering each partner's financial attitudes, experiences, and goals early in the relationship can help prevent later stress and arguments.
Este documento discute tres metáforas que ocurren en el proceso de enseñanza-aprendizaje: 1) el conocimiento del profesor genera autoridad sobre el estudiante, 2) el reconocimiento mutuo entre el profesor y el estudiante, y 3) la igualdad que debe existir entre ellos. La metáfora preferida es la de igualdad, ya que muestra que ni el profesor ni el estudiante deben sentirse superior al otro.
El documento describe varias tecnologías de comunicaciones inalámbricas como el Protocolo de Aplicaciones Inalámbricas, GPRS, UMTS, 3G y 3.5G. Estas tecnologías permiten el acceso a Internet y servicios multimedia desde teléfonos móviles a tasas más altas de velocidad y con mayor capacidad en comparación con las generaciones anteriores.
Interactive Displays on Environmental Stewardship for General Agricultural Au...LPE Learning Center
Extension displays are not always easy to develop. Interactive displays for general audiences are even more difficult. Each year, the University of Nebraska – Lincoln develops multiple displays for Husker Harvest Days, a Nebraska-based agricultural trade show. The University’s 2012 theme was “Strengthening the State of Beef”. The Animal Manure Management workgroup, along with others working in environmental stewardship at the University of Nebraska – Lincoln came together to develop a backdrop titled “Nebraska’s beef industry thrives by its stewardship”. Along with the backdrop, multiple interactive displays were used to grab the attention of an agricultural audience not necessarily involved with beef production.
The Animal Manure Management workgroup’s displays focused on the value of manure and the nutrients it contains. The display included demonstration of manure related iPad apps and a manure jeopardy game as well as a display that visually showed the amount of nutrients in two different types of manure, stockpiled and freshly scraped manure. Glass containers held corn, soybeans and fertilizers containing equal nutrient contents of each other. We engaged the audience by asking them which vessel contained more nitrogen or phosphorus. Mostly people were surprised at the nutrient content of the manure relative to bottles of corn or fertilizer.
New "flip book" eMagazine is available for you right here. The value of insurance is front and center in this new publication which features an easy to use flip book feature. VantagePoint magazine is an independently produced quarterly publication that offers valuable information for mature adults (55+).
The live webinar will take place on July 5th, 2020 from 4:00 PM to 5:30 PM conducted by CA Akash G Jadhav. It will cover topics related to insurance, mediclaim, pension plans, and investment strategies. Some key points that will be discussed include:
- Choosing the right type of insurance plan based on needs
- Factors to consider when purchasing a term life insurance plan such as age and policy duration
- Common mistakes to avoid such as not disclosing health conditions, smoking status, or existing policies
- The appropriate level of life insurance coverage and number of policies to purchase
This document provides tips and advice for improving one's financial situation in the new year. It discusses setting financial goals, creating a money roadmap with short and long-term goals, earning more through freelance work or a side business, reviewing life insurance needs due to major life changes, talking about money with family, and estate planning with a will. It also includes statistics about financial resolutions and savings goals.
This newsletter from Cedar Point Financial Services provides information on procrastination, financial independence, and advice for recent college graduates. It discusses new research showing procrastination may be related to brain structure and personal values. Tips for overcoming procrastination include identifying triggers, breaking large tasks into smaller ones, and listing costs and benefits of action vs. inaction. Achieving financial independence requires earning more through additional work, spending wisely by reducing largest expenses, and saving aggressively through investments matched to goals and time frame. Advice for recent graduates includes setting financial goals, creating a budget, and understanding the importance of paying down student loans.
This document discusses financial planning and savings strategies at different stages of life. It recommends that people in their 20s focus on career development, pay themselves first through retirement contributions, and begin good savings habits. Those in their 30s should budget properly, save for retirement and children's college, and secure essential insurances. In your 40s, it is important to aggressively save for retirement and establish a relationship with a financial planner to develop clear savings goals and plans.
The document outlines 5 steps to take control of your financial security: 1) Lay the groundwork by assessing your current financial situation and estate plan. 2) Determine goals and build a plan to achieve them. 3) Take steps to minimize risks that could threaten your plan. 4) Embrace change and flexibility to adjust your plan over time. 5) Use financial planning tools to visualize your financial future and the impact of your decisions. Taking these steps will help gain more control over your financial security and ability to achieve your goals.
This document provides tips and strategies for managing finances and reducing debt during an economic recession. It begins with an introduction to the topic and reasons for addressing debt issues promptly. Subsequent chapters discuss staying out of debt, creating a budget, saving money in various spending categories, and strategies for small businesses to weather an economic downturn. The overall message is that taking proactive steps like budgeting, reducing discretionary expenses, and paying down debt can help individuals and business owners thrive despite challenging financial conditions.
This document provides information about the importance of retirement planning and conducting a retirement review. It stresses that planning ahead is crucial to ensure retirees can afford their desired lifestyle. A retirement review involves assessing a person's needs, objectives, current pensions and policies to understand what income they are projected to receive and if there are any gaps. It aims to help people position themselves best for retirement rules and afford their plans. The document dispels some common myths about retirement planning, such as relying solely on the state pension, treating a business or home as a pension, or believing it is too late to plan. It emphasizes taking advice from financial experts to understand retirement options and make the most of pension plans.
LET THE WISE HEAR AND INCREASE IN LEARNINGCharity Anyika
This document provides tips on how to avoid wasting money on unnecessary subscriptions and direct debits. It finds that many people pay for services they no longer use, such as gym memberships, phone contracts, utilities, and insurance. The document recommends regularly reviewing direct debits and cancelling any for services you are not actively using. It also suggests setting reminders when signing up for free trials to avoid getting rolled into paid subscriptions. Being aware of your rights to cancel contracts early without penalties can also help avoid wasting money. The overall message is to periodically check direct debits and commitments to ensure you are only paying for things you need.
This document provides a step-by-step guide to help consumers choose the best mortgage. It discusses:
1. Defining what is affordable, understanding your credit, choosing between fixed and adjustable rates, selecting the right down payment, and understanding how points affect interest rates.
2. The importance of understanding your credit report and score to qualify for the best rate. Correcting any errors can improve your score.
3. Different types of mortgages and their tradeoffs (fixed vs adjustable rates), the importance of understanding prepayment options, and being wary of risky loan features like balloons payments or prepayment penalties.
4. Steps to take like getting estimates of total monthly costs, calculating the
This guide helps consumers navigate the mortgage process in 8 steps: 1) defining what is affordable, 2) understanding your credit, 3) choosing between fixed and adjustable rates, 4) selecting a down payment amount, 5) understanding how points affect interest rates, 6) shopping with multiple lenders, 7) choosing a mortgage, and 8) avoiding pitfalls. The goal is to find the best mortgage to fit the consumer's financial situation through informed decision making at each step.
The document provides tips for raising money-smart children, including talking to children about money early and often, turning everyday experiences into teachable money moments, and providing age-appropriate lessons about earning, saving, spending, donating and investing money starting from a young age. It emphasizes setting a good example, creating an open dialogue, and allowing children to learn from their mistakes with small amounts of money.
This document provides 10 tips for personal finance and financial freedom. Tip 1 is to figure out your values and financial goals by writing them down. Tip 2 is to pay yourself first by setting up automatic savings transfers. Tip 3 is to pull your credit report annually to check for inaccuracies. The tips provide advice on tracking spending, reviewing investments, planning emergency savings, reducing debt, protecting your family with life insurance, reviewing insurance policies, and creating a will.
This document provides financial advice for newlywed couples on various topics including budgeting, investing, buying a home, and planning for a family. It emphasizes the importance of open communication about finances between partners and suggests couples create a joint budget, share financial responsibilities, and find a process that works for their unique situation. Specific tips are provided on budgeting, common investment products and strategies, factors to consider when buying a home, and financial aspects of planning for a family. The overall message is that discovering each partner's financial attitudes, experiences, and goals early in the relationship can help prevent later stress and arguments.
Este documento discute tres metáforas que ocurren en el proceso de enseñanza-aprendizaje: 1) el conocimiento del profesor genera autoridad sobre el estudiante, 2) el reconocimiento mutuo entre el profesor y el estudiante, y 3) la igualdad que debe existir entre ellos. La metáfora preferida es la de igualdad, ya que muestra que ni el profesor ni el estudiante deben sentirse superior al otro.
El documento describe varias tecnologías de comunicaciones inalámbricas como el Protocolo de Aplicaciones Inalámbricas, GPRS, UMTS, 3G y 3.5G. Estas tecnologías permiten el acceso a Internet y servicios multimedia desde teléfonos móviles a tasas más altas de velocidad y con mayor capacidad en comparación con las generaciones anteriores.
Interactive Displays on Environmental Stewardship for General Agricultural Au...LPE Learning Center
Extension displays are not always easy to develop. Interactive displays for general audiences are even more difficult. Each year, the University of Nebraska – Lincoln develops multiple displays for Husker Harvest Days, a Nebraska-based agricultural trade show. The University’s 2012 theme was “Strengthening the State of Beef”. The Animal Manure Management workgroup, along with others working in environmental stewardship at the University of Nebraska – Lincoln came together to develop a backdrop titled “Nebraska’s beef industry thrives by its stewardship”. Along with the backdrop, multiple interactive displays were used to grab the attention of an agricultural audience not necessarily involved with beef production.
The Animal Manure Management workgroup’s displays focused on the value of manure and the nutrients it contains. The display included demonstration of manure related iPad apps and a manure jeopardy game as well as a display that visually showed the amount of nutrients in two different types of manure, stockpiled and freshly scraped manure. Glass containers held corn, soybeans and fertilizers containing equal nutrient contents of each other. We engaged the audience by asking them which vessel contained more nitrogen or phosphorus. Mostly people were surprised at the nutrient content of the manure relative to bottles of corn or fertilizer.
The Lock Method proposes an alternative approach to wealth distribution that focuses on long-term sustainability rather than temporary redistribution. It involves creating boundaries through long-term city plans managed with minimal government oversight to address economic and social priorities and improve living standards for all. Funding would come from a pool supported by corporate assessments for external costs and taxation of trade imbalances, with credits for community investments.
El hombre descubrió una nueva forma de mantener viva la chispa del amor en su matrimonio después de que su esposa le sugirió salir con otra mujer. La otra mujer era en realidad su madre, a quien había descuidado debido a su trabajo y sus hijos. Pasó una agradable velada con su madre cenando y poniéndose al día, lo que le permitió apreciar la importancia de pasar tiempo con los seres queridos. Desafortunadamente, su madre murió poco después, pero no antes de pagar por adelantado la cena
This action plan proposes to:
1. Provide staff development training for teachers on integrating digital technology like blogs and podcasts into classroom instruction.
2. Use online resources to continue technology-related professional development for teachers throughout the school year.
3. Set increased data safety standards and review the district's Acceptable Use policy by implementing new guidelines for students and faculty on appropriate technology usage.
El documento presenta el calendario de los partidos de semifinales y finales de Wimbledon 2012 para varones y damas. Los partidos de semifinales varones serán el domingo 8 de julio y las semifinales damas el jueves 5 de julio. La final varones será el viernes 6 de julio a las 8 pm y la final damas el sábado 7 de julio también a las 8 pm, y serán transmitidas en vivo desde Inglaterra.
Darien Cortez is seeking a challenging position using her skills and knowledge in sports communication. She is currently pursuing a degree in sports management from St. John's University after studying communications at Montclair State University. Her relevant experience includes interning at Picatinny Arsenal where she scanned documents and provided customer service, as well as working at Reebok where she had various responsibilities like cashiering, inventory management, and customer service. She also has strong public speaking, computer, writing, and sports knowledge skills.
Este documento describe el desarrollo físico, social, emocional e intelectual de los niños de 0 a 1 año. Explica que en los primeros 6 meses los bebés desarrollan el control muscular y de la visión, y empiezan a sonreír y reconocer voces. De 6 a 12 meses, los bebés empiezan a gatear, pararse y caminar con apoyo, y desarrollan habilidades motrices finas. También establecen rutinas alimenticias y de sueño.
This document appears to be a student record containing information for a student named Juan Esteban Pineda Castillo. It includes the student's name, what appears to be a student ID number of 906, and references to a second period and something abbreviated as NXT, perhaps a class or course.
In what ways does your media product usekelseyjowink
The document discusses how the media product follows and challenges conventions of real magazines. It followed the layout of Q magazine for its structure but included pop music content to give it individuality. Top of the Pops magazine was used as a style model for its color scheme and organized contents page layout. While using conventions like a pink/turquoise/black color scheme, the atypical close-up image and mixing genres makes it more sophisticated and appeals to a wider audience. The rock magazine layout breaks conventions but holds the consistent house style.
This document discusses 10 common misconceptions about life insurance and provides responses to each one. It explains that life insurance can help achieve financial goals both during one's lifetime through cash value accumulation and after death through the death benefit. While initially more expensive than term insurance, whole life insurance offers guaranteed level premiums for life. The document also notes that even young people or retirees may need life insurance to provide financial protection and help achieve goals like funding education or leaving a legacy.
This document provides an introduction to the concept of financial freedom. It defines financial freedom as getting to a place where your money works for you so you don't have to worry about unexpected expenses. It then outlines several key steps to achieve financial freedom, including building an emergency fund, budgeting, saving for retirement and goals, being smart with credit, seeing a financial advisor, and making wise spending decisions. The overall message is that financial freedom is a gradual process requiring ongoing good financial habits.
PROTECT YOUR FAMILY’S FINANCIAL SECURITY IN TOUGH TIMEScutickfinancial
https://cutickfinancial.com - Financial security is the comfort of knowing your family’s standard of living is secure even when a life-changing event occurs. It is also about having the means to achieve your most important goals, like owning a home or sending your children to college. Many of us are working hard to reach those goals. Some of us may have achieved them. But ongoing economic turmoil has been a rude wake-up call for all of us. We have seen events beyond our control decimate our savings and retirement accounts, knock down the value of our homes and diminish our job security
The document provides 10 principles for developing a long-term financial strategy to protect a family's financial security. It recommends prioritizing protection through insurance, saving money regularly through employer plans or mutual funds, and keeping debt in check. It also suggests implementing a simple investment strategy with diversified holdings, understanding employee benefits, planning for education costs, utilizing tax-advantaged savings options, and seeking help from a financial professional. The overall goal is to develop a strategy to safeguard a family's standard of living and ability to achieve important goals.
1. The document outlines key financial considerations and milestones throughout different life stages, from one's 20s through retirement. It discusses saving for emergencies, paying off student loans, investing for retirement and children's education, marriage and home buying, insurance needs, and retirement planning including trusts and estate planning.
2. The benefits of starting to invest and save early are highlighted, as compound interest can significantly increase savings over time. Financial planning is important at each stage to prepare for expenses and protect one's family.
3. Retirement planning involves considering costs of assisted living, a second home, or traveling in retirement. Overall financial wellness requires ongoing management of savings, debt, insurance needs as one progresses through different
Buying insurance can be confusing, but when the unexpected happens – a house fire, a fender bender or a broken bone – it's a relief to know that some of those financial losses will be covered. But how do you know how much coverage you need? And what questions should you ask before buying a policy? Many consumers aren't sure. Insurance coverage is far from one size fits all, so here's a look at mistakes some consumers make when buying insurance.
More info:
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What to look for when buying Life Insurance for the first timePravesh Vasudeva
This document provides tips for purchasing life insurance for the first time, including deciding how long coverage is needed, determining the amount of coverage based on expenses, considering other objectives like cash value, naming a beneficiary, and assessing needs for critical illness and disability insurance. It recommends consulting a financial advisor who can help build a comprehensive financial security plan to meet current and future needs at no additional cost.
This document provides a guide to avoiding common mistakes in retirement financial planning. It discusses underestimating life expectancy, relying on being able to work longer than planned, neglecting healthcare costs, accepting low investment returns, failing to monitor withdrawal rates, and not getting a second opinion on your financial plan. It then provides more details on generating retirement income, sources of guaranteed retirement income, protecting assets with various types of insurance, other retirement considerations like housing and healthcare, and the basics of estate planning.
This document contains responses to questions submitted to AC Marmo & Sons, an insurance agency located in Fairfield, New Jersey. The questions cover topics such as how to calculate the appropriate amount of life insurance needed, how long term life insurance policies are needed for, reasons for converting term policies to whole life policies, and when different life stages warrant purchasing life insurance. The responses provide advice on each topic and emphasize speaking with a trusted insurance agent to determine individual insurance needs.
This document discusses the importance of financial education and provides an overview of basic financial concepts. It is published by Primerica, a financial services company, to help consumers overcome common financial challenges through knowledge. The document encourages readers to take control of their finances by learning principles like paying themselves first, eliminating debt, investing for the long term, and starting early to benefit from the power of compound interest and time. It presents savings and investment strategies as ways for working Americans to achieve financial security and independence.
http://ekinsurance.com/financial/retirement/
If you are near retirement or have retired, listed below are several common mistakes that occur in the arena of financial planning for retirement that you can plan now to avoid.
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This document discusses four important financial issues for retirees: generating sufficient retirement income, maintaining affordable health coverage, maintaining independence at advanced ages, and best leaving assets to heirs. It provides information on investing retirement funds for higher returns than savings accounts to cover health and long-term care costs if needed. The document also discusses Medicare options and the importance of supplemental coverage, as well as factors to consider regarding annuities and long-term care insurance due to the high likelihood of needing long-term care services.
Life insurance provides a death benefit to help support a person's family financially after their death. It can replace income and pay for funeral costs, living expenses, education costs, and other needs. Life insurance proceeds are generally not taxed by the government. Anyone who has people depending on them financially in some way may need life insurance, whether single, married, a homemaker, business owner, or retired. Taking time to consider what would happen financially to loved ones if someone died can help determine how much life insurance is needed. While the emotional loss cannot be replaced, life insurance aims to prevent additional financial hardship for surviving family members.
This document provides information on several topics related to personal finance planning. It includes an article discussing the complicated relationship between money and happiness, focusing on spending money on experiences rather than material goods. It also covers planned charitable giving strategies and compares attitudes of baby boomers and millennials regarding finances. Dividends are discussed as a potential source of retirement income but there are risks such as dividends not being guaranteed and tax implications.
Stephen Cagnassola expertise in advising retirees and those about to retire on how to protect their principal and ensure their money lasts. His clients come to him because Stephen can help him to reduce their taxes by as much as 50%, prevent taxation on social security income, avoid and significantly reduce estate taxes, and protect their life savings from stock market risk.
The document summarizes a financial workshop for women that covered various topics:
- Encouraging women to share financial insights and learn from real-life scenarios.
- Discussing unique challenges women face such as earning less and living longer.
- Covering scenarios of different women at various life stages and the financial advice provided.
- Emphasizing the importance of being prepared, insuring against risks, reducing debt, estate planning, and maximizing retirement savings.
- Advising seeking help from financial professionals for investments, insurance, taxes, legal issues, and more.
This document provides tips for new parents on managing finances. It begins by acknowledging that becoming a new parent can be overwhelming. It then provides four tips: 1) create a new family budget and understand common costs, 2) add your baby to your health insurance right away, 3) update your beneficiary designations, and 4) ensure your family has adequate life and disability insurance coverage to protect against unforeseen events. The document encourages new parents to seek financial planning advice.
Similar to Top 9 Financial Planning Tips for Single Parents (20)
1. Top 9 Financial Planning Tips for Single Parents
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Long-term financial planning for single parents has its challenges. "Losing a job or becoming ill can
be more catastrophic as a single parent than if you are part of a two-income couple," says Jan
Cullinane, author of AARP's "The Single Woman's Guide to Retirement."
Additionally, because mothers in particular tend to go in and out of the workplace and give up
career momentum to take care of their families, they often face lower income prospects than fathers,
says Jon Ten Haagen of Ten Haagen Financial Group in Huntington, N.Y. Plus, a wage gap still exists
between the sexes.
Attending to financial planning now will pay off in the long run. "The biggest problem I see is people
not getting started," says Ten Haagen. "The best gift is to get started."
Tip No. 1: Take care of estate planning
The most important thing to do for your underage children is to decide whom their guardian will be,
says Ten Haagen. Someone who is your age or younger is ideal; an older person might not be around
if something happens to you.
Ten Haagen recommends choosing an executor who has a head for finance and is well-organized, as
the executor will need to make sure fees are paid and to put assets where they are supposed to be.
"You need a will that is up-to-date, specific and clear," Ten Haagen adds. He also recommends a
durable power of attorney and a health care proxy. "Review your will periodically (every three to five
years) or when there is a life event," he adds.
2. Life insurance (see Tip No. 7) can help provide for
your children's needs should you die before they
are adults. The proceeds can be placed into a trust
with guidelines for distribution that you determine
in advance. Here, you need to select a trustee who
will ensure your wishes are carried out.
Tip No. 2: Save for college
"If you need to make a choice between saving for
retirement or paying college tuition, choose
yourself," says author Cullinane. "Helping your
child with college expenses is admirable, but don't
do it at the cost of your own future."
Ten Haagen is equally blunt: "This (saving for college) should not be a priority if money is a
concern." He points out that a student can go to college with a grant, scholarship or loan, but if you
need to buy a loaf of bread (or retire!) you have to have money in hand. "Have the child Kansas City
Estate Planning Attorneys get some skin in the game," he suggests. "It can be some, most or all of it
if you can't afford it."
Cullinane also suggests that families in this position consider a community college, which can
provide a quality education affordably. "They are less expensive than four-year colleges, and most
have agreements with four-year institutions so your child will be automatically accepted as a junior
in a four-year college if they receive their two-year degree, and their diploma will show the four-year
institution on it."
Tip No. 3: Plan your lifestyle
A single parent has many competing financial goals. How should you prioritize them? That's where
lifestyle planning comes in -- deciding how you would like to live now, as well as in the future.
"Thinking of retirement as something in the future often results in postponing or no savings,"
Cullinane says, "especially when the immediacy of paying today's bills looms." To get started on
lifestyle planning, you need to know how much you're spending now and how much you're likely to
spend in the future. Then, compare that with your income now and your likely future income.
"Bucket budgeting" can help, suggests Cullinane. For this, you create four different accounts: one
for fixed monthly expenses such as food, mortgage payment and recurring bills; another for long-
term expenses, such as retirement, replacing appliances and cars; a third for emergencies; and a
fourth for discretionary spending.
"Put the appropriate amount of money into the first three, and whatever is left is your discretionary
or 'fun' spending," says Cullinane. "If there is nothing left for that month in the 'fun' bucket, you
simply go without -- you don't dip into the other buckets. Harsh, but necessary."
Tip No. 4: Save for retirement
If you're trying to make the mortgage payment, retirement savings might seem like an unattainable
3. goal. "At least put something in," Ten Haagen says. "Maybe it's $10 a month."
Also consider that if your spouse has died, he or she may have retirement funds that should come to
you. In a divorce, spouses are entitled to share retirement assets. Be sure not to overlook these
when assets are divided.
Ten Haagen recommends considering whether you really need to retire at 65 -- and to think about
what you want to do in your retirement long before you get there. What will keep you active and
engaged? Maybe you'll continue working part-time. Factor that into your planning.
"A big mistake people make, especially women who go http://www.aarp.org/money/estate-planning/
in and out of the workforce, is they accumulate a few thousand dollars in retirement savings, then
leave the job and just take the money out and spend it. After all, it isn't that much money," says Ten
Haagen. "But it's the most expensive money you can find. Taxes and penalties (for withdrawing the
money) can add up to 50 percent."
Once you have money in a retirement plan, he says, "Don't take it out. Let it grow tax-deferred."
Tip No. 5: Save for emergencies
Bad things happen -- the roof needs to be replaced, you lose your job. Deal with these problems not
after they happen but through prior planning. "You have to take responsibility," says Ten Haagen.
"You have to think about the finances of raising a child."
He recommends sitting down with a financial planner as you go through major life changes and
"getting real." This means before marriage, before you have children, before you go through a
divorce and after a death. "You have to think the consequences through. A Certified Financial
Planner professional can help you sort through the decision-making."
Cullinane suggests that bucket budgeting (see Tip No. 3) can help you reach savings goals. She cites
a study showing that when people were asked if they could save 20 percent of their income, most
said no, but when people were asked if they could live on 80 percent of their income if they had to,
most said yes. "So, be aware of how you frame questions to yourself. You might be surprised how it
can change how you think."
Tip No. 6: Get health insurance
"Health insurance is the number one insurance need for a single parent," says Tom Morrill, owner of
The Morrill Insurance Group. He says he became an insurance broker as a result of his experience
trying to find health insurance after his former employer went bankrupt.
For the uninsured, medical costs can be crippling. A recent study led by a Harvard group published
in The American Journal of Medicine revealed that 62 percent of bankruptcies were caused by
medical debt.
Losing health insurance commonly occurs after the death of a spouse or a divorce. Now that the
insurance exchanges from the Affordable Care Act are up and running, comparison-shop for policies
at your state's marketplace or at HealthCare.gov -- or find a reliable and experienced broker who
will do the shopping for you. The Underwriters offers information about brokers on its site. You can
also get a quote through Bankrate's insurance channel.
4. Tip No. 7: Get life insurance
Morrill says that life insurance is the second-most important requirement for parents, right after
health insurance. What you purchase depends on your family and finances, but Morrill recommends
a policy that will at least see children through high school.
"A term policy is most economical," he says. "It's pure insurance. You're paying for a death benefit."
He calculates that a healthy 33-year-old woman would pay about $240 a year for a 20-year term,
$500,000 life insurance policy. "So if you're in your 30s, with a young child, this would get your child
through college," he says.
To determine your life insurance needs, you have to calculate what you want the proceeds to do.
You'll want it to cover living expenses, but what about paying off a mortgage, or paying for college?
Morrill warns that if you choose a shorter-term plan, such as five years, you might not be able to
renew it if your health changes.
Tip No. 8: Get disability insurance
"Your income is your most important asset," Morrill says. "Have you insured your most important
asset?" That's what disability insurance does -- and it can be especially crucial for single parents who
don't have a second income from a spouse to help cover the gap.
Morrill recommends that you check with your employer to see whether it offers the benefit.
Generally you will get a reduced income amount when you claim disability -- between 50 percent and
70 percent of your salary.
Disability policies come in two durations -- short-term and long-term -- depending on whether the
disability will last weeks or months versus years. "If you have to choose, go with short-term," says
Morrill. "Most disabilities are short-term, not lifelong."
When you buy a disability policy, the premium is usually fixed, and the younger you are when you
purchase the policy, the lower that monthly premium is likely to be. You might want an "own
occupation rider," which means the disability insurance will pay out if you can't perform your own
occupation, even if you can perform other jobs.
"Social Security disability payments may also offset the payment you receive from a disability
policy," Morrill points out.
Tip No. 9: Consider long-term care insurance
Long-term care insurance can be similar to disability insurance, Morrill says. It's intended to provide
for your care if you have trouble with the activities of daily living such as bathing, dressing and
eating. Generally, it is used as you become increasingly elderly and frail and is sometimes paid out
wholly or partially in cash rather than as a reimbursement of expenses for care.
"I wouldn't necessarily recommend it to a 35-year-old unless they have all their other bases
covered," says Morrill, "but I wholeheartedly believe in this if you have the funds."
A comprehensive long-term care insurance policy should pay for things like remodeling a house for
5. wheelchair access, home-health aides and home helpers to keep you in your home. It should also
cover stays in assisted living facilities or skilled nursing home facilities.
"This is especially important for women," says Morrill. "Who is going to take care of you?"
He says that 60 percent of long-term care insurance claims are paid to women.
"Build a plan for long-term care starting at about age 45," Morrill says. "This doesn't mean you
necessarily buy a policy. But it means you think about who is going to take care of you and how you
fund that plan of care."
Read the original story on Bankrate.com.
This work is the opinion of the columnist and in no way reflects the opinion of ABC News.
http://abcnews.go.com/Business/top-financial-planning-tips-single-parents/story?id=20906018
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