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We have spent the last few weeks talking about the importance of insurance. Insurance is one of the most important but least popular things to talk about when it comes to personal finance. Why? Because we typically only use insurance when we’re sick, after a car accident, something has been stolen from us, or mother [...]
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A Health Savings Account or HSA is designed to reduce your overall health care costs. An HSA is a tax free savings account where you are able to deposit money to cover current and future medical expenses. As long as you spend the savings on a qualified medical expense, the money is free from [...]
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Its the idea of preparation: Doing now so that things are easier later. This is what retirement planning is all about. One of the things we have to look at and prepare for is old age. We don’t like to do it because we don’t want to think of ourselves [...]
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Basically, home owners or home contents insurance is insurance against the replacement cost that you would otherwise have to pay to replace the contents of your home in the event of then being lost, damaged or stolen. As is the case with home buildings insurance, the main factors contributing to [...]
ShareAre you considering purchasing an annuity? If so, here are the basics. I encourage you to fully educate yourself when it comes to annuities. Like most financial instruments, they can be useful tools, if used properly.
What is an annuity?
An annuity is a contract that makes payments to you at regular intervals based on purchase [...]
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How to Find Affordable Health Insurance
When you are on your own or self employed, finding affordable health insurance can be a bit overwhelming. In this post I am going to give you a few tips on where to find affordable plans and then the questions you should ask about those [...]
ShareFor the month of February, The Wise Buck is going to focus on giving you tips about insurance. Life Insurance, Health Insurance, Auto Insurance, Home Owners Insurance, etc. And, while I know this probably isn’t your (or my) favorite or most exciting personal finance topic, it is very important in creating financial independence and safe [...]
ShareThis post is the second half of yesterday’s posts 20 Ways To Cut Your Expenses This is part 2 (the next 10) So, feel free to share your ideas of how to save money and cut expenses.
11. Cancel Your Gym Membership and workout at home. Staying in shape is always a good [...]
ShareWhether you have already retired or you are approaching that magical day, you certainly realize the low-interest rate environment we are in. With money markets yielding a miniscule .3% to .5%, how are you supposed to create a fixed income that pays your bills without taking on too much risk?
In 2008 we were reminded of [...]
ShareAverage Index Annuity Beats CDs By 70% over Five Year Period
Advantage Compendium Ltd completed its 5-year Index Annuity Return Summary where by carriers are asked to send copies of actual customer statements, with the personal data blacked out, for the five-year period commencing at the end of September 2000 and concluding at the end [...]
ShareHow to Guarantee Your Lifetime Income – Retirement Income
The greatest fear of most retirees is the risk of longevity: outliving their money. The meltdown of retirement accounts, rising medical costs, uncertain entitlement programs and higher taxes have added to the risk. Facing 30 years of retirement living on past savings and Social Security benefits is [...]
ShareFixed Annuities
Yesterday, I discussed fixed income funds and fixed income basics. Continuing with the same theme of preparing for retirement and considering how to create a sustainable fixed income stream, I am going to discuss fixed annuities today. When used properly, fixed annuities can be a very useful tool to help meet your current or [...]
ShareOnce you reach a certain point in your life it is a wise idea to begin thinking about Life Insurance. Protecting your family from financial disaster or unforeseen events is one of the fundamental pillars of financial planning and wealth protection. Life insurance should be a core part of that planning process.
Although never fun [...]