Single parents shoulder the responsibility of not only providing for their children's immediate needs but also planning for their future. Whether single, widowed, or divorced, establishing an estate plan is arguably the best gift one can offer their children. This critical plan safeguards their financial independence, enabling them to manage their assets according to their wishes after they pass away.
Planning for long-term care (LTC) is essential to financial management and personal well-being. Addressing this crucial need has become more pertinent with the ever-increasing healthcare costs and a growing aging population. Having the LTC resources available may concern single and divorced individuals seeking to live independently. This article is a comprehensive guide for singles and divorcees to help them prepare for LTC care and its associated costs.
You may have thought your digital identity was safe and not a likely target of a cybercriminal until one day, the bank calls wondering if purchases made at a store that you have never been to, 2,000 miles away, were made by you. Every day, similar scenarios play out for unsuspecting victims across the country and the world. Cyber scams and other cybercrimes have proven to be an escalating problem that requires people to be especially vigilant when using electronic devices.
Recent changes in the Social Security Administration and modifications to recipients’ accounts and payment structures due to the Social Security Fairness Act, which repealed the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), may lead to scammers attempting to manipulate retirees and older Americans regarding their benefits.
Managing 401(k) investments is crucial to planning one's financial future. Two primary ways to manage investments are to do it yourself (DIY) or work with a financial professional.
You work your entire life with the hope that one day you may be able to retire when you choose and have the free time to take advantage of all of the social activities, travel, and hobbies you couldn’t do regularly with the responsibility of a career and providing for your family.
As climate patterns change and weather-related disasters become more frequent, purchasing a flood insurance policy or adding a rider to an existing policy has become a vital asset protection strategy.
While a Roth IRA conversion may suit some, wealthy individuals may not consider this investment strategy under certain circumstances. Here, we delve into why this strategy may not be appropriate for them.
Whether you're facing an unexpected job loss, a medical emergency, or a financial crisis, life's hurdles may leave even the most responsible savers scrambling for cash.
After a natural disaster, you're probably focused on recovery efforts, including repairing your home, replacing belongings, and returning things to as close to normal as possible.
