Over the past few years, many people in the U.S. have had to deal with damage to their homes from natural disasters, such as Hurricane Harvey. This article explains the different kinds of financial protection from natural catastrophes that homeowners can access from the private and public sectors. In 2017, Hurricane Harvey dumped over four
Did you know the average cost of a family summer vacation is upwards of $1,600? What’s more, families said they expected to spend almost $600 on Thanksgiving travel alone in 2014. Traveling as a family can be expensive, but you don’t need to break the bank just to take some (much-needed) time away with your kids. From taking
Bringing children into the world is an extremely rewarding prospect, but it’s also an expensive one. As such, you’d think parents would struggle to retain money after introducing kids into the mix. But actually, 34% of parents say they started investing more money after having children, according to data from Merrill Lynch and Age Wave.
Many people I meet with ask me if they’ll still need life insurance after they retire. Their children are grown and have good jobs. They have put together a reasonably solid income plan with Social Security, pensions and annuities supplemented by investments and retirement accounts. Their surviving spouse will have plenty of money if they
Many people believe that having an estate plan simply means drafting a will or a trust. However, there is much more to include in your estate planning to make certain all of your assets are transferred seamlessly to your heirs upon your death. A successful estate plan also includes provisions allowing your family members to access or
Having the money talk is important to relationships, whether with your children, your parents, your spouse or anyone else dear to you. Is Junior maxing out his credit cards? Is your aging dad not keeping track of his bills? It’s in no one’s interest to let the problem roll on, unsolved. Diane Bourdo, president of