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Family is one of the strongest bonds - most of us will do anything for our family, especially parents or kids. And it is this strong sense of responsibility that can create havoc to even the best laid retirement plans. There are a few moves you can make to help avoid financial disruption caused by your family especially if your become aware of some of the possible negative outcomes that could be looming in your future.
Caring for an aging parent is a complicated and delicate business. But the fact is, many of us will one day find ourselves in this position. According to MetLife’s estimation, in 2011 almost 10 million adult children over age 50 cared for an aging parent. * Below you’ll find a few important discussion points to keep in mind when you have this essential conversation with your parents.
When you shop for auto insurance, it’s a good idea to gain a general understanding of insurance rates and the coverage that works for you.
People have a tendency to make financial matters more complicated than they really need to be. Complicated planning worksheets, detailed budgets and net worth calculations and other financial tools can all become overwhelming. Sometimes, the best way to achieve big goals is to make your plans as simple as possible. Why is keeping is simple so important? It is because you are more likely to follow through if the process is simple and easily repeatable week after week.
Buying a home is likely the largest purchasing decision you’ll ever make. When getting started, it’s important to determine your needs versus your wants. This includes everything from the location of the house all the way down to the bathroom layout. You may not be able to have everything you want, but creating a list will help you prioritize what is most important to you in a home.
This is the time of year that everyone starts thinking about all the ways their current house doesn’t fit their needs. Should you start looking for your next dream home now? Here are a few questions you should consider before deciding the answer.
Establishing and maintaining good credit is important – whether you want to obtain a mortgage, a car loan, or a student loan, your creditworthiness is the key to your financial life. If you have bad credit, it will be more expensive for you to borrow money for any purpose because your interest rate will be higher.
To rent or to buy? That is the question! Both renting a place or buying a home come with advantages and disadvantages to consider. It can be difficult to tell which is a better deal, but ultimately it needs to make sense for your own financial situation.