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• Preserving the Value of Your Home and Community When the Housing Market Changes
  With the increased rate of home foreclosures nationwide, many homeowners, and home sellers, are facing tough questions about how to maintain as much of their home's value as possible, how to sell a home in a slowing real estate market, and how to ensure that their community remains a desirable place
• Transferring Military Homeowners to Get Expanded Assistance
  Military service members, their families, and federal Department of Defense (DoD) civilian employees who stand to lose a lot of money on the sale of their home as a result of a transfer order may be able to get some much- needed financial assistance. The U..
• Ongoing Homeownership Responsibilities
  In addition to paying your mortgage there are other financially-related items to keep track of and take advantage of such as deducting the interest on your mortgage from your taxes, considering a home warranty, and keeping home records. Claiming the Mortgage Interest Deduction on Your Taxes There is
• What Long-Term Care Insurance Pays For
  When Henry was in a severe car accident he had to get regular physical therapy for 9 months and needed regular in-home help with bathing, dressing and transportation. This 47-year old divorced teacher purchased long-term care insurance thinking that it would help ease the potential financial burden
• Selling Your Home Part II
  Once you have decided to sell your home, and prepared it to put it on the market you have several choices to make.. Once you have decided to
• Counteroffers and Closing
  Don’t get discouraged or worried if you decide to make a counteroffer. Typically buyers and sellers reach agreement by the second or third go-around.. Don’t get discouraged or worried if you decide to make a counteroffer. Typically buyers and sellers reach agreement by the se
• Signs that It May Be Time to Move
  If you or your aging loved one, live independently - whether it's in a single-family home, apartment, condominium, townhome or mobile home - how can you best determine when and if it may be time to explore different housing options? Desire This is the best situation - when you, or a parent or family
• Mortgage Foreclosure Alternatives
  Once you contact your lender and let them know that you want to stay in your home, there are several alternatives that your lender may consider. These alternatives are also called a “mortgage workout.. Once you contact your lender and let them know that you want to stay in your home, there are several
• Making it a Home
  You have finished the hunt for a new home, signed the papers and moved in. Now what?  How can you begin to really make this new place a welcome home for you and your family?  Home Safety Owning your own home means that you are now financially and legally responsible for what happens to people while th
• Beating the High Cost of Energy at Home this Summer
  With rising energy prices, you will financially benefit from thinking ahead and implementing a few simple tips to manage both winter home heating costs and summer related energy costs at home and on the road. Here are some ideas: Battling Energy Costs at Home this Summer To manage your home cooling
• Trying to Keep Your Home – How the Homestead Exemption Works in a Chapter 7 Bankruptcy
  One of most people’s concerns is being able to keep their home. It’s important to know that a Chapter 7 bankruptcy DOES NOT MEAN YOU WILL AUTOMATICALLY BE ABLE TO KEEP YOUR HOME.. One of most people’s concerns is being able to keep their home. It’s important to know that a Chapte
• How Much Coverage Do You Want for Your Home?
  Let’s start at the beginning. Imagine that your home was completely destroyed.. Let’s start at the beginning. Imagine that your home was completely destroyed. What it would cost to rebuild your home entirely?  What would it cost to replace the possessions inside?  Beginning to thin
• Perils You Can Insure Your Property Against
  There are three main categories of “perils” that you will want to consider insuring your home and property against: accidents, natural disasters and theft: Accidents: Have you ever come home from a trip to find that your water pipes have frozen…and burst?  Ever had a tree limb land on your home durin
• The Emotional Transition to Homeownership
  The process of looking for, negotiating and finally buying a new home can be both exciting and nerve-wracking. Being so invested in something can really change your views on some things – like how you think about making financial decisions or how you choose to spend time to care for your home..
• Caring for Dad
  Scenario: Bill is 54, married with 2 kids and living in Michigan. His father, John, a widower, suffered a stroke 6 months ago and had to be moved to a nursing home.. Scenario: Bill is 54, married with 2 kids and living in Michigan. His father, John, a widower, suffered a stroke 6 months ago
• What the Housing Recovery Bill Could Mean for You
  The housing recovery bill that went into effect on October 1, 2008 has the potential to help millions of American homeowners and homebuyers. There are several ways that you or a loved one may be able to qualify for financial assistance through the bill.. The housing recovery bill
• Selling Your Home Part 1
  Every year millions of Americans sell their homes. Some of the most common reasons for selling a home are: Relocating for a job Needing or wanting more room for a growing family Moving after retirement Downsizing Moving to a more desirable or convenient neighborhood for work or school This month we’
• When Things Change
  They say that the one thing that is constant in life is that it changes. The same is true for owning a home.. ng that is constant in life is that it changes. The same is true for owning a home. Things can change over time. Utility costs can increase. The interest rate on your mortgage can change. You need a n
• Buying a Real-Estate Owned (REO) Property Owned by a Lender
  In certain cases a foreclosed property may not be sold at auction. There are several reasons a foreclosed property may not be sold at auction including if the lender accepts the deed to the home “in lieu of foreclosure” from. In certain cases a foreclosed property may not be sold at auction. There ar
• Self-Sufficient Housing Options
  Self-sufficiency means that you are able to live on your own without regular, outside assistance from family members, friends or paid professionals. If you are physically, mentally and financially able to live on your own, there are two broad categories of housing you may want to consider looking in
• Your Home Mortgage - A Financial Tool
  As you pay off your mortgage you are building up equity, or savings, in your home. As your savings accumulate and your needs change, or outside economic factors change, you may want to make changes to your mortgage.. As you pay off your mortgage you are building up equity, or savings, in you
• Determining Your Down Payment Amount
  How much money do I have to save to have enough for a down payment?  The amount of money that you will need to save for a down payment on a home varies by: (1) how much the home costs and (2) the type of loan you qualify for. While most people begin looking at home sale prices first, it’s actually be
• Closing on a Loan
  Closing, sometimes called “going to settlement, on a home is like the part of the wedding ceremony where the bride and groom exchange vows. It’s where you and the seller seal the deal! Closing on a home loan is when you sign all the papers transferring ownership of the property from the seller to th
• Housing Issues and Concerns
  For both young families and senior adults the cost of maintaining a home – including mortgage or rent, property tax, insurance, home maintenance, renovations, utilities and more – can become too expensive given existing resources. Before you move in together, be aware that there may be local zoning
• Decide About Your Home(s)
  Unless both you and your soon-to-be/new spouse are living with family or renting an apartment, chances are either one or both of you are living in a home that you own. Once you decide to marry, you will need to decide whose home you will live in or if you will want to find a new home in which to est
• A Baby on the Way
  Scenario: Eddie and Ellen are both in their early 30s, have been married for 3 years and are living in Connecticut. They bought Ellen’s grandmother’s house when she decided to downsize.. Scenario: Eddie and Ellen are both in their early 30s, have been married for 3 years and are living
• Finding the Right Home
  What words come to mind when you think about finding a new home? Exciting? Scary? Overwhelming? The truth is that finding a new home can be all of those things. The way you feel about finding a new home can depend on why you're moving and how much time you have to find a home.. What words come to mind w
• How to decide if you really want to own a home
  It seems obvious but the first place to start is to decide whether or not you really want to own a home. No doubt, there are definite benefits to homeownership, including: Tax benefits.. It seems obvious but the first place to start is t
• Buying a Newly Built Home
  At some point most of us have thought about our “dream home. Wouldn’t it be fun to choose your floor plan, appliances, carpet and paint? It’s also nice to think that you could be the home’s first owner.. At some point most of us have thought about our “dream home. Wouldn’t it be fun to choose your floor
• Doing Your Homework
  Just as with any home purchase – and perhaps even more importantly when you’re buying a foreclosed property – you need to do your homework so that you make a well informed decision. That means that you should View the. Just as with any home purchase – and perhaps even more importantly when you
• Buying a Foreclosed Property
  In a difficult economy – when people are losing jobs and losing income – an increased number of homeowners have difficulty making their mortgage payments. If they can’t work something out with their lender to get current on their mortgage,. In a difficult economy – when people are losing jo
• First-Time Homebuyers Can Use Tax Credit for Down Payment, Closing Costs for FHA Mortgage
  If you, like many potential home buyers, are leaning toward buying a home in part due to the 8,000 federal tax credit you may be in for a very nice surprise. Instead of having to purchase a home, file a federal income tax return and only then get the tax credit, buyers who choose to apply for a.
• Tips to Making a Good Move and Establishing a Healthy New Lifestyle
  Transitions of any sort can be physically, mentally and emotionally difficult. Often people focus primarily on what it will mean to leave a home but not give as much thought or planning towards making their new location and community a positive experience.. Transitions of any sort c
• Selling a Home
  If you are a homeowner and you're considering a move you will need to decide whether or not you want to sell your home, retain your home or keep your home and rent it to generate some income. If you choose to keep your home but not rent it out you will still need to maintain the property and possibl
• Some Questions to Ask
  When working through the decision about whether or not to purchase flood insurance, consider asking an agent the following questions: Is my home eligible to purchase flood insurance through the NFIP program? Not every home is located in an area that participates in the NFIP program, and therefore yo
• How much home can I afford?
  Buying a home is typically the largest financial commitment most people make. It can also seem like one of the most confusing and overwhelming processes you've ever navigated.. Buying a home is typically the largest financial commitment most people make. It can also seem like one of the most confusing
• Borrowing against Your Home’s Value
  If you own your own home you may want to consider taking out a loan against the equity, or savings, you have built up in your home by taking out a home equity loan. If you have good credit – meaning that you have made your monthly mortgage payments in full and on time – you may be eligible to take o
• Earthquake Insurance for California Residents
  In addition to obtaining standard earthquake insurance through private insurance companies, California residents also have the option of obtaining California Earthquake Authority (CEA) sponsored earthquake insurance. The CEA is a state-sponsored public-private partnership to provide earthquake insur
• Standard Homeowners Policy Coverage
  A standard homeowners policy offers coverage for four major areas: your house’s physical structure, your personal belongings, liability (financial protection) for you as a homeowner, and expenses in the event that you are unable to live in your home following damage or theft. Your home’s physical st
• Rising Interest Rates and the Mortgage Crunch and What It May Mean to You
  The initial housing boom began in early 2002 - 2003. Interest rates were falling to all-time lows.. The initial housing boom began in early 2002 - 2003. Interest rates were falling to all-time lows. A surge of homebuyers eager to take advantage of the low interest rates on mortgages began pushing ho
• Offers & Counteroffers
  When you've found the home you want the next step is decide whether or not you want to make an offer, meaning that you want to tell the seller that you want to purchase the home. Making an offer is where you put pen to paper and outline exactly how much money you're willing to pay for the home and u
• Home-Buying 101
  Owning a home. It's the American dream.. Owning a home. It's the American dream. But maybe you feel like that's all it will ever be - a dream. The good news is that with some time, and a little work, you may very well be able to turn that dream into reality. Buying a home is not a one-time
• Avoiding Additional Debt
  It’s important to encourage the person you are trying to help to avoid taking on debt or increasing existing debt if at all possible during this time. While it may not be possible to avoid borrowing some money during this crunch urge them to: try to only use cash when shopping keep a record of charg
• Ready to Buy a Home
  Scenario: Malcolm and Gayle are a young couple living in Iowa. Both have full-time jobs earning a combined annual salary of 80,000.. Scenario: Malcolm and Gayle are a young couple living in Iowa. Both have full-time jobs earning a combined annual salary of 80,000. Their main monthl
• Housing Benefits
  One of the most popular military benefits is the ability to apply for a VA Guaranteed Home Loan. VA Guaranteed Home Loans are home loans – mortgages - made by private lenders (banks, credit unions, etc.. One of the most popular military benefits is the ability to apply for a VA
• Insurance
  Insurance is an important part of your overall financial planning. It will ensure that you can maintain your income, your assets and keep you on track with your financial plan.. Insurance is an important part of your overall financial planning. It will ensure that you can maint
• Long-Term Care Insurance
  John never felt comfortable talking about financial or health matters with his father. He assumed that his father, a widower, had insurance or savings that would pay for any long-term care he would need as he aged.. John never felt comfortable talking about financial or health matters with
• Homeowners’ and Renter’s Insurance
  Your home and your belongings are probably your largest financial asset.  So how do you protect them? If you own a home and have a mortgage (loan that you are paying off to own the home outright) then your lender will require that you carry home insurance.. Your home and your belong
• Making Home Improvements
  Whether you have purchased a real “fixer-upper” or you are considering modest “cosmetic” changes, making home improvements can be a way to make your home better fit your family, lifestyle and/or financial goals when re-selling. Deciding on Improvements and Setting Your Budget Making home improvement
• Flood Insurance
  Do you have insurance that would cover or help offset some of your losses in the event of a flood? Look at your policy. Most standard homeowners and renters insurance policies specifically do not provide financial protection in the event of a flood.. Do you have insurance tha
• To Rent or to Buy?
  THINGS BEING EQUAL it's almost always better to own your home rather than to rent. After all, you build equity and get to write off your mortgage interest.. THINGS BEING EQUAL it's almost always better to own your home rather than to rent. After all, you bu
• Tips to Save on Your Home Heating Bill this Winter
  There are some simple things you can do now to take the bite out of your home heating bills this winter. Consider asking your local utility company or an independent "energy auditor" to check your home for its energy-efficiency.. There are some simple thi
• Refinancing Your Mortgage as an Option to Hold onto Your Home
  For many homeowners who obtained an adjustable rate mortgage over the past few years to buy a home, both time and the economy have not been on their side. Millions of homeowners holding adjustable-rate mortgages are trying to determine if they can refinance their current home loan to be able to affo
• Where to Locate
  With business as with real estate, location is everything.  Whether you locate your business inside your home or elsewhere, make sure your space will inspire you to get the work done.. With business as with real estate, location is everything. Whether you locate your business inside y
• The Foreclosure Process
  Foreclosure is a legal process. It occurs when a homeowner fails to make his her monthly mortgage payment according to the terms of the loan and the lender then either sells or repossesses the property. The foreclosure process doesn’t happen. Foreclosure is a legal process. It occurs when a h
• Your Home Environment: A Great Place to Go Green
  When many people think about having a “green” home they picture having to move to a spaceship-looking dome home somewhere in the desert far removed from any conveniences. Banish your fears – having a more environmentally-friendly home is easier than you think.. When many people think ab
• If You Already Have Homeowners or Renters Insurance
  Over time the value of your home and personal possessions can change. If you already have homeowners or renters insurance you might want to take a few minutes to review your policy and evaluate your current coverage by answering the following questions: How much would it cost to rebuild your home to
• Your Home as a Source of Retirement Funds
  If you own your home you may have another option for creating a stream of income during retirement: a reverse mortgage. A reverse mortgage is a financial tool that allows you to tap into the equity you have built up in your home to help with one-time or everyday living expenses once you reach the ag
• Help for Subprime Mortgage Holders
  If you obtained a subprime mortgage between January 1, 2005 and January 31, 2007 and you are either having difficulty paying the mortgage now, or think you will have difficulty paying it when the interest rate "resets" you may be able to qualify for help. The federal government has worked with mortg
• The Financial Side of Homeownership
  Buying a home is the single largest financial commitment that most people ever make. By taking some time to think about and plan how you will maintain your investment and stay current on your mortgage, you can create some good financial habits at the outset of homeownership that will pay off for yea
• What Does Earthquake Insurance Cover and What Does It Cost?
  This is very important to clarify. Earthquake insurance policies typically cover major property damage or loss due to earth movement – sinking, rising or shifting.. This is very important to clarify. Earthquake insurance policies typically cover major property damage or loss due to earth m
• Mobile or Manufactured Home Development
  Increasingly people who want to, and are able to, maintain their independent lifestyle but would like to reduce their housing costs are looking into mobile and manufactured home developments. Mobile home living offers people the opportunity to travel when and where they would like..
• Types of Policies
  There are several types of homeowners’ insurance. What follows is an overview of the types of policies and what conditions they insure against: Type Coverage Offered HO1 This is a very limited coverage policy that has been discontinued in most states. HO2 This is the most basic policy and offers cov
• Buying vs. Leasing
  To buy or to lease that is the question. But what, exactly, is leasing and is it a better deal than buying? Let’s review.. s the question. But what, exactly, is leasing and is it a better deal than buying?  Let’s review. Buying a car. When you buy a car, you, well, buy it. Meaning that you either p
• The Age-Old Question: To Buy New or Used?
  Every year car manufacturers spend millions of dollars to convince you that your life would be better – sexier – more manageable – if you just had a gleaming new car. And for some of us a new car is all we’ll consider.. Every year car manufacturers spend millions of dollars to convince you that
• Reverse Mortgages
  If you are 62 or older and own your home you have access to a special type of financing that can help you turn your greatest asset – your home – into supplemental income, enabling you to meet your other financial obligations and reach important life goals. A reverse mortgage is a financial tool that
• Financing the Purchase of a Foreclosed Property
  Unless you are able to pay cash for your purchase you will need to find financing – which means getting a loan to pay the required costs and agreeing to repay the money lent (plus interest) over a specified period. y cash for your purchase you will need to find financing – which means getting a loan to pay the req
• Financing Your New Living Arrangement
  You may not have a significant change in expenses if you are moving but still maintaining your independence in a smaller single-family home, condo or apartment. On the other hand moving into a CCRC or assisted living facility can require significant upfront cash payments of tens to hundreds of thous
• Finding Money to Pay Down Your Debt
  After you have listed all your debts – credit cards, medical bills, department store bills, mortgages, car loans, etc. - you may be tempted to panic and say “But I just don’t have any money to even begin paying my debt off! Realize that you may have options you’re not aware of..
• What is interest?
  Interest is a fee. It's the amount of money you either earn on an investment or the money you owe on a loan.. Interest is a fee. It's the amount of money you either earn on an investment or the money you owe on a loan. When banks or other financial institutions give you credit, such a
• Nursing Home Checklist
  Print out . Print out the Nursing Home Compare website assessment results for any facilities you are considering. Once you have done some research on potential nursing homes, call and ask for an appointment to tour the home and meet with an administrator. When m
• Is a Nursing Home Right for Your Loved One?
  To determine if you or a loved one may require the scope of care and services provided by a nursing home think through the three most common reason people give for using a nursing home : Health conditions . If you or a loved one is unable to live independently and require ADL or instrumental ADL ass
• Help If You are Concerned about Being Able to Pay Your Mortgage
  If you own your own home but still have a monthly mortgage payment that is probably one of your highest financial priorities. If you find yourself in a situation where your finances are so tight or that you have such quickly mounting debt that you are having difficulty making your mortgage payment i
• Buying a Property at Auction
  Once a home has been foreclosed upon the lender will put the home up for sale at public auction. That means that anyone can bid on purchasing the property. You can find a list of upcoming foreclosed property auctions in. Once a home has been foreclosed upon the lender wi
• Buying Green What It Means and Why People are Doing It
  Buying green means different things to different people, but most commonly it means purchasing items or services that capitalize on our planet’s natural resources and reduce potential harm to the environment. Up until recently we haven’t had an easy way of talking about how much we consume in a way
• What to Do When It Becomes Difficult to Pay Your Mortgage
  Change happens. When you bought your home you may have budgeted carefully and never anticipated having difficulty making your mortgage payment.. Change happens. When you bought your home you may have budgeted carefully and never anticipated having difficulty making your mortgage payment. But ma
• Check-Cashing Stores
  When Rojare moved to the United States from his home in Nicaragua he promised to get a good education, to get a good job…and to send money home regularly. Rojare is one of a rapidly growing number of people who regularly send money to family and friends outside the U.. When Rojare moved to the
• Budgeting and Reducing Variable Expenses
  Budgeting is an important financial discipline to help plan spending, and create and invest savings. Encourage the person you are helping to . Budgeting is an important financial discipline to help plan spending, and c
• Ways to Afford, and Pay for, Your Home Heating Bill this Winter
  If the rise in home heating prices is really more than your budget can absorb, there are resources to help you. The Low Income Home Energy Assistance Program (LIHEAP) is a government-funded and run program to help eligible low-income families meet their home heating needs.. If the rise in home heati
• Assisted Living Facilities
  Assisted living facilities may be an ideal alternative if you would prefer some assistance with daily activities and the companionship of other residents. Assisted living facilities are not intended for people with significant medical needs or disabilities - conditions that would be better cared for
• Working with a Realtor or Going it Alone
  One of the first impulses most people have when thinking about buying a home is finding a Realtor® But who exactly is a Realtor? And is a Realtor (capital R) the same as an agent? And what about a broker? Who exactly can help me? Real estate professionals can be very helpful in the home buying proce
• Who Will Be Helped Under the Making Home More Affordable Program
  The Obama Administration’s 75 billion “Making Home Affordable” housing plan is designed to help approximately 9 million people who are at-risk for either defaulting on their mortgage loans or going into foreclosure. The plan is part of the 400 billion “bailout” package approved by Congress in Fall
• What Is Mortgage Foreclosure
  Sadly some people end up having their homes foreclosed upon simply because they were too embarrassed to contact their lender, or didn’t know what foreclosure is and what options are available to them to avoid foreclosure. Let’s start by getting clear on what foreclosure is: Foreclosure is a legal pr
• Short Sales: What They Are and Why a Homeowner Might Pursue One
  Homeowners who are pressed to make their mortgage payments – or are already behind – may consider trying a short sale as an option to letting the bank foreclose. A short sale is when a mortgage lender agrees to accept less money than the amount the homeowner owes on the loan.. d to make their mortgage
• Refinancing
  When you buy a home you obtain a mortgage, also called a purchase loan by mortgage professionals. It’s simply a loan to purchase a home.. When you buy a home you obtain a mortgage, also called a purchase loan by mortgage professionals. It’s simply a loan to purchase a home. The bank or f
• Where to Buy a Car
  As with most things nowadays you have a lot of options when it comes to where, and from whom, you buy a car. Let’s look at your choices: Traditional car dealership.. As with most things nowadays you have a lot of options when it comes to whe
• Buying Green When it Comes to Groceries
  One of the hallmarks of the “green movement” is buying food that is either more locally grown (to reduce the cost and environmental impact of shipping food) and/or buying organic. By buying locally-grown food you are reducing the transportation cost (and environmental impact of that transportation)
• Mortgage Center: Frequently Asked Questions
  What is an ARM? An ARM is an acronym for "adjustable rate mortgage. That refers to a home loan where the interest rate charged on the amount of money you're borrowing to purchase the home adjusts, or changes, over time as the government raises or lowers the rate of interest that banks charge each ot
• Your Current Debt and Ways to Save for a Mortgage Down Payment
  The amount of debt you currently have and your credit score (which tells lenders how reliable you are about repaying your debt and loans) will also affect how much interest you will be charged on your loan. You should consider getting a free copy of your credit report now, early on in the home-buyin
• What Happens to Homeowners Holding Interest-Only Mortgages When Interest Rates Rise
  Starting in early  2001 millions of Americans took advantage of record low interest rates and bought a home. But the down side of that good news is that while interest rates were at record lows, housing prices soared to record highs.. Starting in early 2001 millions of Americans took
• Tax Changes that Could Affect Your 2009 Tax Bill
  Changes to the tax law in 2009 could affect your federal income tax bill. It’s important to know what tax law changes could affect you personally and how those changes could trigger either an increase or decrease in the amount of money you owe – or the amount of money you could be refunded by – the
• Creating a Location-Independent Job with Your Current Employer
  If you’re interested in having a location-independent job you may think that you have to strike out on your own, however that’s not necessarily true. Before you hand in your two weeks’ notice to find a job that doesn’t require you a commute to punch a clock you should think twice.. aving a location-independ
• Buying a Property from a Distressed Owner
  Once an owner receives a Notice of Default (NOD) the lender can begin the foreclosure process. When a borrower is late on payments but the home has not yet been foreclosed upon the lender will also list the notice of. Once an owner receives a Notice of Default (NOD) the lender can begin the f
• Work and Child Care
  Perhaps the biggest question facing soon-to-be parents is what they will do regarding their current employment and caring for their newborn. If both you and your spouse are working to earn an income, you’ll need to figure out how you will care for your child until s/he is school-age..
• Seasonal Stories
  Fall Home Buying 101 Want to become a homeowner? Wonder what it will take to get there? Click here to check out our new series on "Home Buying 101" - a step-by-step monthly guide to turning the dream of homeownership into a reality . Open Enrollment It's fall - the "open enrollment" season for thous
• Buying a Cell Phone
  In the past you were tethered to a landline to make a call. Today’s technology makes it possible to talk with your friend in Baltimore while basking on the beaches of Belize.. In the past you were tethered to a landline to make a call. Today’s technology makes it possible to
• Questions to Ask
  When considering whether to purchase earthquake insurance, consider asking an agent the following questions: If you are a California homeowner, ask if the insurance company participates in the CEA program or if the policy they offer is not affiliated with the CEA. Ask how their policy compares with
• Issues to Consider
  If you or a loved one is considering a nursing home first think through issues such as: Do you or your loved one require mostly custodial care, skilled medical care or both? Do you or your loved one need a special care unit (i.e..
• Co-operative Housing
  Co-operative housing, also known as a "co-op" is also a form of ownership like condominiums. When you purchase a co-op you are buying a share in a cooperative corporation that owns a building.. Co-operative housing, also known as a "co-op" is also a form of ownership like condominiums. When yo
• Avoid Senior-Targeted Work Scams
  Unfortunately con artists frequently target seniors with a variety of fraudulent employment offers including popular “work-at-home” hoaxes. AARP notes that con artists employ a variety of techniques to snare unsuspecting victims.. Unfortunately con artists frequently target senior
• Obtaining and Paying for Coverage
  Some private insurance companies offer separate windstorm, or “wind and hail, insurance policies. In some states where no private windstorm insurance is available, the state has created a high-risk insurance pool to provide wind and hail coverage to residents living in specifically designated high-r
• Basics of Flood Insurance
  Flood insurance is provided by the federal government through a program called the . Flood insurance is provided by the federal government through a program called the National Flood Insurance Program (NFIP) In order to obtain this federally-backed flood insur
• What Every Homebuyer Needs to Know Before Agreeing to a Mortgage
  Are you or a loved one considering becoming a homeowner? Taking on a mortgage loan to purchase a home can be an intimidating and confusing process. A Federal Reserve study for the Federal Trade Commission found that a significant percentage of homebuyers did not understand key features and costs of
• Reasons for Living in a Nursing Home
  The reasons for living in a nursing home , and the length of time residents spend there, vary widely. Residents may: enter the nursing home after an illness, injury or surgery and require skilled or subacute care but as their condition improves require only custodial care enter to receive needed cus
• Anticipating the Emotional Transition of Moving
  Moving can be a very emotional life change for anyone. But moving for age- or health-related reasons can be especially difficult because it may feel like it's signaling a change in your ability to control your personal environment and your future.. Moving can be a very emotional life change for any
• Buying and Spending
  Every day presents us with choices – choices about how to allocate money to reach our goals while still purchasing the things we want and need. The range of choices is wide – from a major financial commitment like buying a car to more “everyday” choices like buying groceries and back to school suppl
• How to Make a Child Care Decision
  Following are some steps to work through in order to make the best possible child care decision for your child and your family: 1) Think through your priorities for child care - do you need your child care to: be close to your home, your workplace, or your child’s school? be within a certain financi
• Four Ways to Buy Cell Phone Service
  Buying a cell phone isn’t like buying a box of cereal – go into the grocery store, pick a box, pay the cashier and go home. No, it’s more like buying a car.. Buying a cell phone isn’t like buying a box of cereal – go into the grocery store, pick a box, pay the cashier and go home. N
• Rising Prices, Fewer Financial Choices
  It's not just families that have suffered an unexpected job loss that are using credit to make ends meet. More and more American families are finding that their income doesn't go as far as before.. It's not just families that have suffered an unexpected job loss that are using credit to make ends
• Evaluating Your Need for Coverage
  Once you have determined what your home's flood risk is, and if you live in an NFIP community, you will want to evaluate your sense of the need for flood insurance coverage. If you are not required to carry it, then it really is your choice.. Once you have determined what your home's flood ri
• How to Make a Child Care Decision
  Following are some steps to work through in order to make the best possible child care decision for your child and your family: 1) Think through your priorities for child care - do you need your child care to: be close to your home, your workplace or your spouse’s workplace?  be within a certain fina
• Tag-Team Parent-Led Child Care
  Millions of families with two working parents face regularly the same stresses and choices in arranging and paying for child care that Andy and Christine face. They have to make tradeoffs between their work schedules and child care availability, and they are worried about the mounting cost of qualit
• Comparing Mortgage Costs
  There are several costs associated with borrowing money to buy a home including the interest rate you’ll be charged to borrow the principal (loan amount) points, mortgage insurance closing costs and the down payment. Interest Rate One of the most important pieces of information you need from a lende
• Can I afford to stay in my current home?
  You can do a little math to figure out how your current monthly mortgage compares to your current income. If you're not sure what your monthly mortgage is (perhaps you're not the one who pays the bills) it's a good idea to contact the bank that holds your mortgage to find out.. You can do a little math
• What to do when Downsizing?
  Most people cite "being able to stay in my home" as one of their top financial priorities. If your finances are tight, you might want to do a little math to figure out how your current monthly mortgage compares to your current income.. Most people cite "being able to stay in my home" a
• Moving Day
  The big day is almost here. Moving day.. The big day is almost here. Moving day. Before you get to enjoy the excitement of moving into your new home, you’ve got to make it through the tedium and trial of actually boxing up and moving all your possessions. Having your tools and materials rea
• Pros, Cons and Options for Location-Independent Jobs
  With the aid of modern technology more people than ever before are able to pursue, or consider, “location-independent” jobs – work that does not require you to be physically on-site at a specific location. Perhaps you would like to become location-independent.. chnology more people than ever before are able to
• Managing Maternity/Paternity Leave
  You may need, or want to, take leave before the baby is born – due to medical or other reasons, and you will certainly want to take at least some time off after delivering your child. You’ll want to check with your employer to learn about their maternity/paternity leave program.. take leave before the ba
• Insurance Benefits
  It can be easy to think that it’s not financially possible for your family to afford insurance. But with some work and help from the staff in your family support center you may be able to find affordable forms of insurance to provide for and protect your family’s future.. hat it’s not financially
• How Much House Can You Afford?
  So you've been browsing the real estate section, looking for your next home. Chances are, no matter where you live or what you're looking for, you're worried about home prices and whether or not you can really afford to move.. So you've been browsing the real estate section, looking for your next home
• Fixed Rate or Adjustable?
  WHICH TYPE OF LOAN is best? That depends several factors: how long you plan to stay in your home, your interest-rate outlook, your budget, and your tolerance for risk. Adjustable-rate mortgages are initially cheaper than fixed-rate loans..
• Which IRA Is Best?
  IRAs offer you a way to create tax-advantaged retirement savings. But with three flavors to choose from - Roth, deductible or nondeductible - figuring out which IRA is the most appropriate for your retirement savings and investment plan can be confusing.. IRAs offer you a way to c
• Your First Place
  With school behind you the freedom and excitement of possibly living on your own is just ahead. According to Experience Inc, a Boston-based recruiting firm, about half of all college graduates move out on their own after college.. With school behind you the freedom and excitement
• Homeownership
  Homeownership is often referred to as “the American dream. However buying a home is typically the most significant and complicated financial commitment most people make in their lifetime.. Homeownership is often referred to as “the American dream. However buying a home is typically the mo
• Social Security 101
  Once thought to provide enough income for a retirement lifestyle, today most people recognize that Social Security is just one part – but an important part – of an overall retirement savings package. It’s important to know how Social Security works, when you can begin receiving benefits, and factors
• Distressed Homeowners May Get Foreclosure Postponement Help from Project Lifeline
  Homeowners at risk for losing their homes may be eligible to receive help through a “Project Lifeline” program. Through the program six major lenders – . Homeowners at risk for losing their homes may be eligible to receive help through a “Project Lifelin
• Shopping for a Mortgage
  As the song goes, "My Momma told me, you better shop around." When it comes to buying a home, shopping around means not only finding the right home, but also finding the right mortgage.. As the song goes, "My Momma told me, you better shop around. When it comes to buying a home, shoppin
• Levels of Coverage Available
  With flood insurance, homeowners can insure their homes for up to 250,000 and contents (possessions inside the home) for up to 100,000. Renters can purchase flood insurance coverage for up to 100,000 for their personal possessions.. With flood insurance, homeowners can insure their
• Knowing Your Child and Investigating Traditional Child-Care Options
  As you anticipate your child care needs, first consider what your child needs. Do you have: An infant? Infants require close attention and hands-on care by an experienced adult.. As you anticipate your child care needs, first consider what your child nee
• How to Protect Your Identity
  Preventing identity theft sounds difficult. How can you prevent something when you’re not really sure how it happens? It can help to think about preventing theft by thinking about HOW a potential thief might be able to get, or access, information about you.. Preventing identity theft
• Knowing Your Child & Investigating Traditional Child-Care Options
  As you anticipate your child care needs, first consider what your child needs. Do you have: An infant? Infants require close attention and hands-on care by an experienced adult.. As you anticipate your child care needs, first consider what your child nee
• All About Long-Term Care Insurance Benefit Payouts
  If you need to use your long-term care insurance to pay for needed care and services, it’s important that you know when your policy will begin paying for care, how it will pay for services, and for how long. Let’s look at each component: What Your Insurance Will Pay We’ve already discussed what type
• Nursing Homes or Skilled Nursing Facilities SNFs
  Decades ago nursing homes (also known as skilled nursing facilities) seemed to be the inevitable last housing option for aging or infirm seniors who could no longer independently or live in-home with immediate family members. Today there are far more housing options but at some point you or a loved
• Moving in with Family
  At some point most people and/ or their loved ones consider whether or not it would be feasible and/ or desirable to move in with other family members. While you may be interested in moving in with a family member (or having a parent or loved one move in with you) be aware that it's an option that has
• Shared Housing
  This arrangement, also known as "home sharing, is when two or more people agree to share a house or apartment as well as all housing responsibilities and expenses. If you are single, divorced or widowed, think about whether or not you have a close friend(s) or family members with whom you would feel
• Apartment
  Apartments are often attractive alternatives for people who are living on their own in a single-family home, condo or townhome, are physically able to live independently but no longer want all of the financial or physical obligations that their current home requires. In some urban areas it is possib
• Things to Consider Before Choosing a New Place
  As with any move it's important to consider what you need in a home and location. Write down your thoughts so you can prioritize your need and wants and have an honest discussion with your loved ones and friends.. As with any move it's important to consider what you need in a home and loc
• Life Insurance
  Does anyone depend on your ability to work and make money? What financial resources would they have if you died and suddenly weren't there to support them? Are you married? In the U.S.. Does anyone depend on your ability to work and make money? What financial resources would they have
• Transitioning from Homebuyer to Homeowner
  Congratulations! In buying a home you have joined millions of Americans who have made the same significant financial and life choice. But signing your name to the final mortgage loan papers or closing documents is really just the end of one process – home buying – and beginning another one - the pro
• Starting Your Own Business – Thinking Like an Entrepreneur
  Have you always dreamed of being your own boss?  Have you hit the ceiling of opportunity at your current company?  Are you between jobs, or concerned about how long your current employment may last and feeling as if you’d rather depend on yourself than yet another employer? Whatever the case, lots of
• Saving for a Down Payment for a Home
  Purchasing a home is a big financial commitment—and one that will require you to put down a significant amount of cash, typically up to 20% of the purchase price of the home, out of pocket. There are some important things to consider and steps to take when beginning to save money toward a down payment on a home. 
• Subprime Loans
  "Subprime" loans carry a higher than average interest rate and typically charge more fees than traditional loans. You can get a subprime loan when applying, for example, for a home mortgage or a car loan.. Subprime" loans carry a higher than average interest rate and typically cha
• Overcoming Obstacle Number One: Finding Time
  Like Frances, many working mothers have multiple factors to consider when returning to school…and a number of them revolve around how to find, or create, the time necessary to devote to classes and schoolwork. Frances did her homework to find a school that offered classes at night and on weekends (s
• The Young Couple
  Scenario: Marcus and Julie, both 27, live in Tennessee and have been married for a year. Julie is in nursing school and also works part-time as a nursing assistant at a local hospital.. Scenario: Marcus and Julie, both 27, live in Tennessee and have been married for a year. Julie is in
• Mortgage Counseling If You're Having Trouble Paying Your Mortgage
  If you are having difficulty making your monthly mortgage payment or even facing foreclosure you cannot afford to wait and hope that you can resolve the issue later. If you are behind on your mortgage you can be faced with foreclosure, and sooner than you may realize.. If you are having difficu
• The Inevitable Cashflow Crunch
  You will hear a lot about “feast or famine” in the world of self-employment. Some seasons are busier than others.. You will hear a lot about “feast or famine” in the world of self-employment. Some seasons are busier than others. Some customers pay sooner than others. Yet expenses usually r
• Tax Changes that Could Affect Your 2010 Tax Bill
  There are a few changes to the tax law that could affect your 2010 federal income tax bill. These changes are important to know about especially if you’re preparing your own taxes. The good news is that most of these changes have the potential to reduce or even eliminate the amount you owe the feder
• Buying a Foreclosed Property from the Government
  When homeowners default on their Federal Housing Administration (FHA) or Veterans’ Administration (VA) mortgage loans the federal government repays the lender for the unpaid balance on the mortgage, assumes the title, and then seeks to resell the property. Several government.
• Your First Car
  Nothing spells freedom like having your own car, right?  If you’re thinking about buying a car, take some time to think through your needs and get educated on what’s involved in buying a car so you’re not the one being taken for a ride. It can be intoxicating to walk onto a new car lot – all that hor
• Why Should I Care About Saving?
  Saving means to put some money aside for later use. When your kids are little, you encourage them to put some of their birthday money in their piggy bank.. Saving means to put some money aside for later use. When your kids are little, you encourage them to put some of their birthd
• Planning for Next Year
  Don’t despair. What can you learn from your overspending this year? Here are some questions to ask yourself so you don’t find yourself repeating the same mistake come next December: 1) What did I spend money on? Look back over your charges and categorize where you overspent. In other words, WHAT did
• Managing Your Grocery Bill When Food Prices Rise
  Climbing grocery prices have caused millions of Americans to reconsider purchases. Unfortunately, according to the US Department of Labor, food inflation is expected to continue.. Climbing grocery prices have caused millions of Americans to reconsider purchases. Unfortunately, ac
• Car Insurance
  If you have ever been in a car accident, you may already know the value of car insurance. Buying car insurance is about buying protection.. If you have ever been in a car accident, you may already know the value of car insurance. Buying car insurance is about buying protection. It provides
• Questions to ask when considering buying an annuity
  Does buying an annuity fit in well with my overall retirement savings plan that includes IRAs and employer-sponsored 401(k) plans first? Am I maximizing my contributions to other tax-free retirement investment options first? Unless you have a special need that only an annuity can fill, such as a dea
• Condominium
  A condominium (commonly referred to as a "condo" is not a type of home; it's actually a form of ownership. When you purchase a condo you are actually purchasing both an individual residence (usually called a "unit" and partial ownership of all the common areas in the development such as recreational
• How to begin to think about saving
  Saving money can seem impossible sometimes. But with a little thought you may be surprised that you can find ways to save money.. Saving money can seem impossible sometimes. But with a little thought you may be surprised that you can find ways to save money. And we don't mean a l
• Buying a Computer
  You probably can’t imagine not having a computer. It’s your lifeline – your way to keep connected, keep in the loop, and keep current.. You probably can’t imagine not having a computer. It’s your lifeline – your way to keep connected, keep in the loop, and keep current. Maybe up until
• Buying a car
  Buying a car is a major investment. To get the most for your money, consider the following car-buying tips: September is the new model year for cars, so summer is a good time to buy a new car.. Buying a car is a major investment. To get the most for your money, conside
• Holiday Entertaining
  Office parties. Neighborhood parties.. Office parties. Neighborhood parties. Open houses and formal dinners…the holidays are a time for entertaining. Whether you’re giving the party or simply attending, taking a few minutes to think ahead can help save you money in the long run. Here are
• Financing Your Computer Purchase
  Buying a computer may be one of your very first “large” purchases. Take a few minutes to really consider how you’re going to pay for this purchase so that you’re not paying more than you want to and for a longer time than you expect.. Buying a computer may be one of your very first “l
• Questions to Ask a Salesperson
  It can be helpful to think about buying a computer like buying a car. Rarely will you want to walk into a car dealership and buy the first car you see.. It can be helpful to think about buying a computer like buying a car. Rarely will you want to walk into a car dealership and
• The Inevitable Cashflow Crunch
  You will hear a lot about “feast or famine” in the world of self-employment. Some seasons are busier than others.. You will hear a lot about “feast or famine” in the world of self-employment. Some seasons are busier than others. Some customers pay sooner than others. Yet expenses usually r
• What's New This Month
  July '09 : IOUs Issued by the State of California Strapped for cash, the state of California has started issuing more than 3 billion in IOUs to businesses, individual tax payers and county governments to whom it owes money. California state government officials have indicated that the IOUs – which
• 10 Smart Ways to Make a Little Extra Savings Go a Long Way
  Regardless of your age, how much or how little you already have saved, or how little you feel like you can save, it's never too late to start saving for your future Every little bit - at every stage - can add up to a significant amount.. Regardless of your age, h
• Questions To Ask When Evaluating Long-Term Care Insurance Policies
  When evaluating long-term care insurance, consider asking a provider the following questions: Are you licensed to sell long-term care insurance in this state?  Make sure from the start that the person you’re talking with is legally able to sell this insurance product to you. What is your company’s ra
• To Buy or to Lease?
  SHOULD YOU lease or buy? Conventional wisdom says if you lease you'll have nothing to show for your money when the term is up. But that ignores the opportunity cost inherent in buying: after all, the money you pay up front for the car could be invested instead..
• Don’t Get Scammed
  If you aren’t able to make your current job location-independent you may want to look for other opportunities. However you should beware, “virtual” jobs can be a minefield for scam artists.. e your current job location-independent you may want to look for other opportunities. However you should beware, “virtual” jo
• Personal Insurance Options for the Self-Employed
  Increasingly Americans are viewing self-employment as a work solution to meet their financial needs, their family life needs or both. However one of the most commonly cited concerns about self-employment is insurance.. Increasingly Americans are viewing self-employment as a work solution to me
• A New Family Budget and New Financial Decisions
  In many ways, your newborn’s arrival is just the beginning. In addition to all of your child-rearing duties there are important financial decisions to make and action steps to take as well.. n’s arrival is just the beginning. In addition to all of your child-rearing duties there are important financial decisions to
• Handling Your Finances
  Handling money matters is intimidating for a lot of people. Maybe it is for you.. Handling money matters is intimidating for a lot of people. Maybe it is for you. You may be overwhelmed or uncertain as to how to start facing your finances. Money matters can seem like a bottomless p
• Digging Out of Debt
  THE SECRET to paying off credit-card debt is really very simple: All you need to do is earn more than you spend, and apply the savings toward paying down your debt. So then what makes tackling credit-card debt so hard ? Sadly, many seem to be losing the battle of the credit-card balance. Consider th
• How Much Coverage Do You Want for Your Possessions?
  In addition to insuring your home’s physical structure, you’ll want to consider how much to insure your physical possessions for. You can insure your possessions for either the items’ actual cost (how much it would cost today to buy the same item) or the cost it would take to replace them..
• Money is tight... what I can afford?
  You might be like millions of Americans who dread opening up their monthly credit card statements, or who haven't actually balanced their checkbook for months…or longer. If you feel like you don't have any control over your money, the reality is it's controlling you.. You might be like million
• When Debt is Overwhelming You
  As a single mother Dana is used to making her income stretch. But with the rising cost of basic necessities like gas, food and utilities, and her growing son's needs, her paycheck isn't stretching far enough.. As a single mother Dana is used to making her income stretch. But with the
• Making a Home for Your New Baby
  While it can be fun to flip through magazines with adorable (and expensive) nursery set-ups, the truth is that children outgrow infancy quickly. And unless you have an unlimited budget you should give some thought to what you really need before you begin.. While it can be fun to fl
• Online Resources for Seniors
  There are numerous online resources for seniors and their loved ones including: . There are numerous online resources for seniors and their loved ones including: AARP Administration on Aging Aging Network Services American Associati
• How can I make interest rates work for me?
  Again, the key is to make sure that you're earning the most interest possible on money you're saving and investing and that you're paying the least interest possible on money you're borrowing. Before you deposit your savings in a savings account or before you invest your savings, you'll want to call
• The FHA Secure Mortgage Loan Refinancing Program: What Is It and Could It Help You?
  An estimated 60,000 qualified homeowners with strong credit histories who have fallen behind on their mortgage payments because of rising interest rates initially offered on their adjustable-rate mortgages (called “teaser rates” will now be able to refinance into a government-insured “FHASecure” mor
• Figuring Out the “What Ifs”
  Although this is a very exciting, hopeful time for you as a couple it’s important to talk about, and make contingency plans for, things that none of us particularly want to consider but need to be discussed. These include… Thinking about a prenuptial agreement. While it can seem extremely unromantic
• Identifying the Factors Creating the Current Financial Crunch
  Sometimes the reason for a financial crisis is obvious – a wage-earner in a family was laid-off, or a family member got sick and there was no health insurance to cover mounting medical bills, etc. But often even just one obvious issue (i.. Sometimes the reason for a financial crisis is obv
• Help! I don't know how to get a handle on my finances.
  No matter how lost you feel, or how behind in your bills you are, there are a few simple things you can do to begin getting a handle on your finances: Step 1: Identify your income. Don't overlook all your potential sources of income: Paycheck from your full-time job Income from a part-time job or oc
• Insurance
  What forms of insurance do you have that you could tap into or could help with the costs of a move? Long-term care insurance is designed to help people pay for extended or occasional care by a home health aide or licensed medical professional either in-home or at an assisted living facility, senior
• Making Work Pay Tax Credit Boosts Take-Home Pay for Workers, Provides $250 Benefit for Retirees
  The Obama Administration’s American Recovery and Reinvestment Act stimulus package includes a temporary two-year “Making Work Pay” tax credit. The credit will provide working individuals with a little more money in their paychecks in 2009 and 2010.. The Obama Administration’s American Recovery and R
• Your New Community
  When you buy a home you’re not just buying a piece of property – you’re moving into a community with new people, stores, schools, services, traditions and more. Enjoy the process of getting to know your community and figuring out where and how you’d like to get involved.. When you buy a home you’r
• Selecting a Lender
  Congratulations. You invested some real time last month to educate yourself about the not-so-simple-to-understand mortgage.. Congratulations. You invested some real time last month to educate yourself about the not-so-simple-to-understand mortgage. Now that you know the basics about what a mortgage
• The Dangers of Accumulating a lot of Credit Card Debt
  Tania and Juan got married when they were 23. They always intended to be wise with their money but let their credit card spending get out of control quickly.. Tania and Juan got married when they were 23. They always intended to be wise with their money but let their credit card spen
• Before You Apply for Credit
  It can be tempting to fill out applications for credit but before you apply there are some important questions you should consider and steps to take: Take some time to identify and write down your personal and financial life goals if you haven’t already. Credit is a financial tool that you should us
• Changes You Could Make at the Office
  Just like making changes around the house, there are things you can do during your workday to feel better about the impact you and your co-workers are having on the environment. Create a recycle box.. Just like making changes
• Utilities and Appliances
  Ask most people what the single largest contributor to global warming is and you’re likely to get a variety of opinions. But the answer is the production of electricity.. Ask most people what the single largest contributor to global warming is and you’re likely to get a variety of opinions. But
• The Single Male
  Scenario: Steve is a 32-year old single male, working as an accountant for an oil drilling firm in Texas. He has been with the company for 2 years and currently earns 48,000 about 39,000 after taxes.. Scenario: Steve is a 32-year old single male, working as an accountant for
• The Retirees
  Scenario: Roy and Helen are both 67, retired, and live in West Virginia in the same house they raised their kids. Their kids and 4 grandchildren just live down the road from them.. Scenario: Roy and Helen are both 67, retired, and live in West Virginia in the same house they raise
• Motor Home or Recreational Vehicle (RV) Insurance
  Motor homes and RVs are larger, more difficult to maneuver and require different insurance than standard auto insurance that you can carry for a car. When looking into purchasing motor home or RV insurance, or comparing potential policies, look at the policy and/or ask an agent: What types of motor homes or RVs.
• Senior Living Options and Issues
  At what point do you begin evaluating if your current home is adequate for your needs both now and in the future? How do you think through an aging parent or loved one’s housing needs? How do you help them make the decision about where to live and when to move? Former generations expected to live wi
• What Do You Need a Computer For?
  Quick – why do you want a computer? Knowing how you plan to use a computer will help narrow down your computer shopping selections and speed up the process. Before you hit the mall or computer store take a few minutes to think through why you need to buy a computer.. Quick – why do you want a
• The Credit Basics
  Do you have a credit card? How about a home mortgage or student loan? Do you use services that you pay for on a monthly basis (i.e.. Do you have a credit card?  How about a home mortgage or student loan?  Do you use services that you pay for on a monthly basis (i.e. utilities) All of
• Tips to Save on Energy Costs
  Energy costs are already resulting in higher prices for consumers to pay to heat and cool their homes and apartments and to pay for gasoline. Following are some tips on how to save on energy costs (both at home and the pump) as well as available resources if you are having trouble paying your home e
• Guest Worker Remittances
  Some countries that have a significant number of their citizens working abroad have made special arrangements to make it easier for workers to send income earned to their home country. To find out if your home country has such services, contact your country’s consulate or embassy..
• Opening an Account
  To open an account, a bank’s customer service representative will first explain the account options, benefits, fees and services. Then he/she will ask you to complete an application and provide at least one form of personal identification with a photo (such as a driver’s license, passport or militar
• Negotiating, Bargaining and Working with Salespeople
  So you’ve done your homework, thought about buying vs. leasing and new vs.. So you’ve done your homework, thought about buying vs. leasing and new vs. used, and looked into your financing options. Now you’re ready to talk seriously with a seller. If you decide to buy through a dealership, before you
• The Link between Credit and Debt
  When you use credit – either a line of credit, or a fixed amount of credit – and do not repay the full amount immediately that is called accumulating debt. Most financial professionals refer to two types of debt – “good debt” and “bad (or unnecessary) debt..
• Additional Features to Consider
  As with any insurance policy, there are several types of features that you will want to consider. Additional features (such as those listed below) will likely increase your premium (the amount you pay for the policy) because you are selecting expanded coverage or benefits.. As with any insurance pol
• Raising Money-Wise Kids
  If you’re like most mothers – single or married – you want your child to grow up with the skills he or she will need to succeed in life. One of the most important skills you can help your child develop is money management.. If you’re like most mothers – single or married – you want your child to gr
• Condos and Co-ops
  Housing stock, meaning the type of housing available, varies across the country. In some markets, including large cities such as New York, Boston and San Francisco, cooperatives, or co-ops, are popular housing options.. Housing stock, meaning the type of housing available, varies across the cou
• Stretching Your Retirement Spending Dollar
  During retirement you are going to have to make your income and savings stretch further than before to reduce the risk of outliving your financial reserve. To do that you will need to start with a plan for how to strategically draw down your retirement savings and investments , and then mindfully ma
• Signing a Lease
  Depending on your timeframe and the market for rental properties in your area you may need to sign a lease quickly, in which case you need to understand what the lease outlines and what you’ll need to provide. If you’re renting from a large property management company (like those that own large apar
• Immigration Issues for Multigenerational Families
  Immigration is the top reason for the formation of multigenerational families. Immigrants come to the U.. Immigration is the top reason for the formation of multigenerational families. Immigrants come to the U.S. – either legally or illegally – and send for or encourage their imme
• Continuing Care Retirement Communities
  Continuing Care Retirement Communities (CCRCs) can be a very attractive housing alternative because they offer the security of knowing that your long-term housing, services and nursing care will all be provided in one development as you age. CCRCs are age-segregated, meaning that it is a housing com
• A Widow
  Scenario: Marilyn is a 51-year old widow, living in Delaware, supporting two teenagers. When her husband died unexpectedly, she had to return to the work force full-time.. Scenario: Marilyn is a 51-year old widow, living in Delaware, supporting two teenagers. When her husband died unexpectedly, s
• How Much Coverage Do I Need?
  As with other forms of insurance a key question you probably have is “How much life insurance coverage do I need?  The answer is…it depends. While life insurance professionals advise that a good rule of thumb is to purchase at least 5-8 times your current income in life insurance coverage, the answer
• When Your Parents’ Retirement Plans Change
  What do you do when you parents’ retirement plans change? When their finances, benefits and insurance no longer enable them to maintain the lifestyle they envisioned in their older years or to meet their current financial and personal needs? . arents’ retirement plans change? When their finances, benefits and insuranc
• A Basic Computer System Overview
  If you have never purchased a computer before, the jargon can get confusing and the choices can get overwhelming. Most computer systems that you will probably consider will include basic hardware, an operating system, and software.. If you have never purchased a computer before, the
• What Kind of Business?
  Your own business can be based around a product you make or a service you provide. You also have the choice of starting from scratch, buying an existing business, or franchising.. based around a product you make or a service you provide. You also have the choice of starting from scratch, buying an existi
• Planning Your Exit
  Setting clear goals for your business involves having some end in sight, even if that’s your own retirement. You may want to build a business that can someday be sold to a competitor or even taken public in a stock offering (in which case it has to be quite big and quite stable).
• Life Insurance: A Key Consideration for Unmarried Couples
  Considering life insurance is an important part of every person’s financial plan however it should be an even higher priority for unmarried couples because they typically do not have the ability to enjoy all the same financial benefits as opposite. Considering life insurance is an important part of
• It's too overwhelming to figure out.
  Let's take it one step at a time. What are you saving for? Chances are you already know the answer to that question, you may have just never put it down on paper.. a time. What are you saving for? Chances are you already know the answer to that question, you may have just never put it down on paper. Here's an ea
• I live in a large, multigenerational family. We pool pretty much all of our money to take care of one another so I don't really need to worry about managing money.
  The number of multigenerational families - households with three or more generations living together - is on the rise. Many multigenerational families choose to regularly pool their resources to help care for one another and shoulder the financial burdens of everyday living.. tional families - househo
• How Unemployment Benefits are Calculated and What Happens When They Run Out
  When you lose a job you may be eligible for temporary unemployment benefits which can help you bridge the uncertain – and often financially worrisome period – between jobs. If you qualify, unemployment benefits will provide you with a percentage of your take-home pay for a specified period of time,
• Recalculating Your Financial Future
  Whatever your reasons for wanting to back to work – or to delay retirement – it’s important to get an accurate picture of your financial situation. If you don’t already have a working budget. wanting to back to work – or to delay retirement – it’s important to get an accurate picture of you
• Car Financing
  If you’re thinking about buying a car, it’s obvious to say, you will need money to buy it. Either you already have the money and can pay out-of-pocket or you will need to borrow money to finance the purchase.. buying a car, it’s obvious to say, you will need money to buy it. Either you already have the money
• Before You Go Back to Finish Your Degree or Get Another
  Before Caroline had finished her undergraduate degree she knew that she wanted to go to grad school and get her Master’s degree…maybe even eventually get her Ph.. hed her undergraduate degree she knew that she wanted to go to grad school and get her Master’s degree…maybe even eventually get her Ph.D. in psycholo
• Saving
  Saving money is not something that we, as Americans, are very good at. In fact the U.. hing that we, as Americans, are very good at. In fact the U.S. Department of Commerce reported that America’s personal savings rate is the lowest in the industrialized world. .Saving money is a critical habit to develop a
• The Single Woman
  Scenario: Rosa is a 40-year old single woman living in Rhode Island. She is a manager of media development for a large Fortune 500 company.. Scenario: Rosa is a 40-year old single woman living in Rhode Island. She is a manager of media development for a large Fortune 500 company. She earns
• Closing Costs
  Costs associated with buying a home in addition to the down payment such as an application fee, credit report fee, appraisal fee, house inspection and processing fees.. ing a home in addition to the down payment such as an application fee, credit report fee, appraisal fee, house inspection and processing fees.
• Down Payment
  The amount of cash you'll be required to pay up front when buying a home.. Summary The amount of cash you'll be required to pay up front when buying a home. . The amount of cash you'll be required to pay up front when buying a home. .
• Broker
  A firm or person who acts as an intermediary by buying and selling securities to dealers on an agency basis rather than for its own account.. as an intermediary by buying and selling securities to dealers on an agency basis rather than for its own account.Summary A firm or per
• Best Way to Use Credit
  Now before you think that you should never use credit cards, it’s actually a good idea to use them…IF you can use them wisely. Why? Well, establishing a good credit history makes it more likely that you’ll be approved for loans you might apply for later like a home mortgage or car loan..
• What Type of Bond Do I Want to Buy?
  Most bonds are issued by one of three groups: the U.S.. Most bonds are issued by one of three groups: the U.S. government or federal agencies; state and local governments, and corporations. Here's a breakdown of the types of bonds
• What are brokers and do I need one?
  A broker is someone who is licensed to buy and sell investments for individuals. Brokers are required to pass an exam and register with the Securities and Exchange Commission (SEC) in order to practice.. A broker is someone who is licensed to buy and sell investments for individuals. Brokers are require
• Where to Get Insurance
  Most people get their health insurance coverage through their employer, their spouse’s employer or through membership in an association, union or group that offers health insurance coverage as a benefit. Typically employers will offer you the choice to select health insurance as a benefit when y
• How to Approach Talking About Money
  Talking “money” is a big thing. Instead of trying to tackle the entire discussion at once, view it as a long-term, ongoing process.. Talking “money” is a big thing. Instead of trying to tackle the entire discussion at once, view it as a long-term, ongoing process. Begin the
• Financial Advisor-Related Questions
  Once you have a grasp on your basic financial picture, you may decide to look for some outside help in managing your finances or making decisions involving your finances. To find the right financial professional, it's important to first ask what type of help you're looking for..
• Evaluating a Potential Agent
  When looking for an insurance agent or broker, ask friends, relatives and financial professionals you work with (such as your banker, lawyer, etc. for recommendations.. When looking for an insurance agent or broker, ask friends, relatives and financial professionals you work with (such as your
• Pricing Medications
  Did you know that you can comparison shop for your prescription drugs?  Simply call your local pharmacy and ask how much they charge for that medication. You can then call other pharmacies, drug stores and even warehouse clubs that have pharmacies and compare the prices they quote you for the same me
• Steps to Take in Your 30s and 40s
  At this stage of your life you have probably settled into a career and have a few thoughts about where you would like to be personally, professionally and financially in your future. This is also a stage where you may begin making some significant choices and investments such as returning to school
• Socially-Responsible Investing
  As people become more interested and personally committed to changing their impact on the environment, they want to know that the companies they invest in share their values. Socially responsible investing (SRI) is an investment strategy that incorporates your social or environmental beliefs into ho
• Debt Investments - Bonds
  A bond is a loan you make to an institution. Governments, municipalities and corporations raise money by issuing bonds.. A bond is a loan you make to an institution. Governments, municipalities and corporations raise money by issuing bonds. A bond is like an IOU – you, as an investor, loan an or
• Small-capitalization (small cap) stocks
  Small-capitalization (small cap) stocks : Shares of relatively small publicly traded corporations. Capitalization is the stock price times the total number of shares outstanding, and small capitalization (also called small-cap stocks or just “small caps” stocks typically have capitalizations of less
• How Do I Start Investing?
  Many beginning investors do not have a lot of money. The important first step is to create an investment plan that identifies the asset classes and types of funds that you might want to invest in long-term.. Many beginning investors do not have a lot of money. The important first st
• Time Horizon
  In order to balance your risks it is critical to understand the role of time in investing and your personal investment “time horizon.  This is the amount of time before you anticipate meeting your goal and/or need your money.. In order to balance your risks it is critical to u
• Other Investments
  Some other types of investments that you might hear or read about are: real estate – buying property (residential or commercial) and then making money from renting it, leasing it, or selling it at a higher price to another buyer real estate investment trusts (REITs) – a way to purchase an interest i
• Why Invest in Bonds?
  There are numerous benefits to investing in bonds including: Financial Security - There's a reason that a bond is called a “fixed-income” security – not only are you highly likely to get back your principal but you can also count on receiving interest on your investment. Portfolio Balance & Dive
• My Budget Summary
  Congratulations! Creating a budget takes time, patience, and, admittedly, a little bit of courage. By taking this first step you’ve empowered yourself.. Congratulations! Creating a budget takes time, patience, and, admittedly, a little bit of courage. By taking this first step you’ve empowered yourself
• Minimum Payment Required on Credit Cards Going Up
  Credit card companies typically required customers to make a minimum payment of just 2 percent of their total card balance. That 2 percent only helped pay your interest and fees and didn’t help make a dent in the actual principal amount you owed.. Credit card companies typically required customers
• Integrating Your Student Loan into Your Financial Lifestyle
  Getting out of school can be an exciting time. Perhaps for the first time you are living on your own, earning your own money and choosing what to spend your income on.. Getting out of school can be an exciting time. Perhaps for the first time you are living on your own, earning your own money
• And How Would You Like to Pay for This?
  Now that you have a list of who you’re giving gifts to, what type of gifts you’re looking for and how much you’re going to spend on each gift recipient, it’s time to pause and take a quick check on your finances. Here are a few questions to ask yourself before you head out to “shop ‘til you drop” Ho
• Green Transportation
  Motor vehicles are responsible for almost a quarter of annual emissions of carbon dioxide, the primary global-warming gas, in the U.S.. Motor vehicles are responsible for almost a quarter of annual emissions of carbon dioxide, the primary global-warming gas, in the U.S. You can minimiz
• Be an Informed Buyer
  There are a few simple things you can do, or think about, to ensure that you have the information you need to make the best decision possible about your computer purchase. Research systems online.. There are a few simple th
• Warranties and Insurance
  If you are buying a new or used car from a dealership they will likely offer you a warranty. There are two main types of warranties – factory warranties and extended warranties.. If you are buying a new or used car from a dealership they will likely offer you a warranty. There a
• E-Gold
  E-gold is an electronic currency (e-currency) backed by stored gold bullion. Gold bullion is the most widely used and trusted e-currency.. E-gold is an electronic currency (e-currency) backed by stored gold bullion. Gold bullion is the most widely used and trusted e-currency. You, as a se
• Online Banking
  Most banks now offer online banking – a service where you can check your account activity and balances, pay bills and transfer funds between accounts over the internet. Make sure you know if your bank charges you a monthly fee to be able to use their online banking service.. Most banks now offer onli
• What difference does the interest rate make
  Even a small difference in interest rates can make a big difference in how much you'll owe or you'll earn. The key is when it comes to debt you want a low interest rate and when it comes to saving and investing you want a high interest rate.. Even a small difference in interest rates can make
• What Would Happen if You Didn’t Repay the Loan
  A student loan is a formal, legally-binding loan just like a car loan or a home loan. That means that when you took the money to pay for school, you agreed to send in the full monthly loan repayment amount on time by the set due date.. A student loan is a formal, legally-binding loan j
• Other Financing Options
  If you can’t pay cash for a computer, consider a few alternatives before taking on a potentially expensive loan or charging the purchase on your credit card. For example: Determine what system you would like to get and then really competitively shop both at stores in your area and online. You might
• Selecting a Cell Phone Carrier
  Margaux travels a lot for work. When she signed a contract for her cell phone a little over a year ago she found the cheapest plan she could afford.. Margaux travels a lot for work. When she signed a contract for her cell phone a little over a year ago she found the cheapest plan she could afford. S
• All the Extras
  If you are buying a car from a dealership, after you have settled on a car to buy you are going to be offered a lot of “extras” – things like: Auto club memberships Dealer-installed alarm system Road-side assistance Rust-proofing Special paint coatings Undercoating Upholstery protection While all of
• When You Might Want to Consider Credit Counseling
  Reputable credit counseling agencies can offer real help. There are a number of reasons that you might want to consider using the services of a credit counseling agency.. Reputable credit counseling agencies can offer real help. There are a number of reasons that you might want to consider using
• What It Means to Have a Student Loan
  When you got your student loan maybe your parents – and you – breathed a sigh of relief that you had a way to finance your education. It took some of the burden off your parents to take on extra jobs or find other sources of income to pay for your schooling.. When you got your student
• How to Think About Credit Cards
  The first thing to know is that credit cards aren’t “bad. It’s all about how you use them.. The first thing to know is that credit cards aren’t “bad. It’s all about how you use them. Here are a few things to think about before getting, or first using, a credit card. One of the most important
• Paying for (and Lowering) Your Car Insurance
  Once you have identified a company (or companies) that you like, and a policy that you want, you will sign a contract to purchase the insurance. To get and keep the insurance you will have to pay something called a premium.. Once you have identified a company (or companies) that you like, and a poli
• Financial Priorities
  Your attitude toward money, previous experiences and personal goals all influence your decisions about financial priorities. Just as with attitudes toward money, your and your new spouse’s financial priorities may differ.. Your attitude toward money, previous experiences and personal goals all inf
• Talk About Your Financial Goals
  Just as you and your new spouse probably have goals for how you as husband and wife, and your children, will merge into a new family structure, it’s important talk about what type of financial goals you want to set for your blended family. Some common financial goals for couples are: Raise a family
• Preschoolers
  At this age children need simple, clear explanations of money and financial concepts and constant, positive reinforcement. Explain the difference between coins and bills and play counting games with coins Play “store, using pennies, loose change or play money to help children understand that goods a
• Planning to Manage Wedding Day Costs
  According to a Conde Nast Bridal Group survey, the average cost of a wedding is approximately 27,800. Nearly one-third of all American couples pay for their own wedding and laying out that much money (or accumulating that much credit card debt) early on in the marriage can have a significant im
• Living on Less: What to Do When Your Pay is Cut
  Every day workers of all types, across all industries, get the bad news from their boss that their pay is going to be cut. Whether it’s because your company is going through a tough financial stretch, or because the economy at large is making it impossible for your employer to make payroll, or becau
• Story File
  The SIFMA Foundation for Investor Education seeks to provide you with the best information, tools and resources available to help your followers become more financially literate. We have compiled this story file based on year-round evergreen topics.. Investor Education seeks to provide you with the b
• Taxes
  Being your own boss creates plusses and minuses on the tax side. Among the plusses are the possibility of deducting business expenses—the use of your car, the use of a home office, the cost of supplies, publications and business entertainment—within the IRS regulations, to reduce your taxable income
• Scams to Avoid
  SIX-FIGURE INCOME WORKING PART TIME AT HOME! NO EXPERIENCE REQUIRED. Sound too good to be true? It probably is.. SIX-FIGURE INCOME WORKING PART TIME AT HOME! NO EXPERIENCE REQUIRED. Sound too good to be true?  It probably is. There are unfortunately too many operators who exploit vulnerab
• More about Debt Financing
  Although banks and financial institutions may advertise how much they enjoy lending to small businesses, do not expect to qualify for a loan without a solid business plan and some track record of success. Small business loans from banks usually have at least a 50,000 minimum because the banks canno
• Getting off to a Good Start as an Investor: Making a Plan for Your Finances
  We weren’t born knowing how to make financial plans and many of us did not learn much about personal finance and investing in school. However, that does not mean you can’t take steps now that will help you make plans for your finances and investing.. ow to make financial plans and many of us did not
• Setting up Direct Deposit
  Direct deposit is when you choose to have payments due to you directly deposited into your bank account instead of having a paper check, money order or cash mailed to you at your workplace or home. Types of payments that you can have directly deposited into your bank account include: Paychecks Tax r
• 16 Warning Signs You Could Be Heading for Financial Trouble
  We’ve all done it before – forgotten to pay a bill on time, charged more on our credit cards than we should, etc. But there are some financial “red flags” you should pay attention to realize that without a course correction, you’re headed for financial trouble.. – forgotten to pay a bill on time, charged more on
• Tax Changes that Could Affect Your 2008 Tax Bill
  There are a few new changes to the tax law that could affect your 2008 federal income tax bill. These changes are important to know about especially if you’re preparing your own taxes.. es to the tax law that could affect your 2008 federal income tax bill. These changes are important to know about especially i
• In a Tough Economy, the Federal PLUS Loan May Give Parents Extra Cash Needed for a Child's College Tuition
  If you have a son or daughter in college, the recession may have impacted your savings and investments at a time when you were depending on those resources to pay for college. With lenders tightening up requirements to qualify for personal or home equity loans you may be looking for other financial
• Finding a Bank that Works for You
  Before you even begin to think about finding and using a bank or credit union, think about what you really need in a bank. Do you want: a . Before you even begin to think about finding and using a bank or credit union, think about what you
• Finding a Location-Independent Job on Your Own
  If you’re interested in striking out on your own and working for yourself from home there are numerous resources available to help you find that type of work.. triking out on your own and working for yourself from home there are numerous resources available to help you find that type of work. For example, you
• Moving Forward
  After you have taken the first steps to identify the source of your financial problem(s) and your current budget the next step is taking action Talk to your creditors. If you’re behind on bills or if something has changed (i.e.. After you have taken the first steps to identify the source of your financi
• Generation X (Born between 1968-1983)
  The generation that has grown up in the shadow of the Baby Boomers is accustomed to relying on themselves. However the economic recession has sent a strong message to Generation X workers: “you may have had unrealistic expectations about the kind of financial returns you can expect on your investments..
• Financial Planning for Unmarried Couples
  Emily and Roberto had both weathered difficult first marriages but after dating for a year they were confident enough about the relationship to move in together. They’re both quick to fend off questions from well meaning friends about when they. h weathered difficult first marriages but after da
• Your Relationship and Common Law Marriage
  There is some misconception that any unmarried couple who lives together (co habitates” for seven years or more is recognized by the court system as a common law couple which would mean that you are a legally married couple even. There is some misconception that any unmarried cou
• Estate-Planning
  While married couples have the benefit of estate related laws that ensure, for example, that a surviving partner can remain in the home you share after you pass away, unmarried couples don’t. Without adequate legal protection, the courts will use. While married couples have the benefit of estate-r
• Co-Owning Property
  As an unmarried couple you will need to decide if and how you want to co own documented property (i.e. real estate, cars, boats, stocks, bank accounts, financial investments) All of these forms of property have documented evidence of ownership. As an unmarried couple you will need to decide if
• Managing Household Expenses
  Most likely the first financially related set of decisions you are going to have to make together will involve your home and living expenses. If you choose to combine all of your finances, accounts, property and financial responsibilities (i.e. bill. Most likely the first fin
• I don't know where to turn for help.
  Once you're comfortable knowing your own financial situation, and have begun making some small, but very important steps, toward saving and investing you may want to get additional help. There's a wealth of good, easy-to-understand, free help available by going online or doing some simple research a
• I don't know where to begin.
  The most important part about beginning to save and invest is just that…beginning. In fact, changing your attitude toward saving and investing may be the biggest hurdle you have to overcome.. bout beginning to save and invest is just that…beginning. In fact, changing your attitude toward saving and investing may be
• I'm afraid I'll lose my money if I invest it.
  Most of us don't have a lot of extra cash lying around that we can afford to be carefree with. And it's wise to recognize that investing your money – instead of stashing it in a shoebox – does come with some risks.. ot of extra cash lying around that we can afford to be carefree with. And it's wise to recognize tha
• Mortgage Center: Resources
  Mortgage Counseling . Mortgage Counseling HopeNow U.S. Department of Housing and Urban Development (HUD)Approved Housing Counseling Agencies Homeownership Preservation Foundation Acorn Housing Corporation Credit Counseling Association of Consumer
• The Risks of Not Saving & Investing
  There are four major risks of not saving adequately for your future needs and goals: The likelihood of Social Security benefits not providing adequate money for a long-term, post-retirement lifestyle That your life expectancy will outpace your savings The possibility of a major unexpected life or ec
• Teenagers
  Your teenage children will need to take increasing responsibility for spending and saving and learn from the natural consequences of personal financial choices. Talk with your teen about the values you and your spouse hold regarding money, how those values have shaped your financial choices as a fam
• Health Insurance
  When you were a child, you probably didn’t think about health insurance. If you needed to go to a doctor, the adults in your life took you.. When you were a child, you probably didn’t think about health insurance. If you needed to go to a doctor, the adults in your life took you. They helpe
• Welcome to Tomorrow's Money for Young Adults
  What do you want out of life?  Almost any goals you have—start a job, rent an apartment or buy a home, buy a car, get married, have a family, be more financially independent and secure…The common denominator of nearly all life goals is that they require money. Every day you interact with money. You s
• Should You Borrow from Your 401(k) or 403(b)?
  These days more than 85% of workers with 401(k)s can borrow money from their retirement plans. And a growing portion of 403(b) plan participants can too.. These days more than 85% of workers with 401(k)s can borrow money from their retirement plans. And a growing portion of 403(b
• Things to Consider Before Renting
  Renting means that you have signed a legally-binding contract to pay a property-owner (also sometimes referred to as a “landlord” for the ability to live in the property (condominium unit, townhome, single-family home or apartment) for a specified period of time. Before heading out to find a place y
• Moving In
  Congratulations! After doing all the work of finding a place, negotiating and signing a lease and possibly finding a roommate or two, you’re ready to move in. Since it’s your first place you may not have a whole lot of furniture to move in, but before you run out to fully furnish your new place it’s
• A Guide to Using a Bank and Bank Services for the First Time
  If you don’t use a bank, credit union, or thrift/ savings and loan institution you are like nearly 10 percent of the American population. There are a wide variety of reasons that people don’t use banks.. If you don’t use a bank, credit union, or thrift/ savings and loan instituti
• Past Debt
  More than likely both spouses in a blended family situation come into the new marriage with existing debt. It is CRUCIAL to both your new family’s financial and emotional health that you sit down and talk honestly and openly about your financial situations prior to marriage or as early on in the mar
• 401(k)
  What is a 401(k) and Why Should I Have One? Enron. Six months ago most Americans wouldn't have recognized the name.. What is a 401(k) and Why Should I Have One? Enron. Six months ago most Americans wouldn't have recognized the name. Now we're painfully familiar with
• Alternatives to Using a Check-Cashing Store
  There are alternatives. While it can seem more convenient and even comfortable to use a check-cashing store, the truth is that there are much better, less expensive options that will perform the same services and leave you with more money in your pocket or to send home.. There are alternatives. W
• Advantages of Using a Bank
  There are several advantages to using a bank. Banks: Provide a measure of security for your funds.. There are several advantages to using a bank. Banks: Provide a measure of security for your funds. Instead of worrying about the safety of keeping you
• Empowering Them to Move Forward
  Taking charge of their personal financial life is a significant, positive step for the person you’re helping. Be mindful to affirm his or her successes, to celebrate accomplishments, and to encourage him or her as they pursue developing new skills and healthy lifestyles.. Taking charge of their pe
• Financial Aid Implications
  Just because you have saved and invested for a child’s college education through a 529 plan you may find that you don’t have all the funds needed when s/he arrives on campus. Most parents look for supplemental college financing by applying for financial aid.. Just because you have sav
• Once You Die
  Your Social Security retirement benefits do not necessarily end upon your death. If you have enough credits from your years of working, your surviving spouse and/or dependents will receive a one-time payment of 255.. Your Social Security retirement benefits do not necessarily end upon your d
• I am not sure how to help someone who is in financial trouble and is looking to me for assistance.
  Every day people find themselves facing sudden, unexpected or unwanted life changes that affect their ability to earn money, pay bills, and make choices to keep life working for themselves and their families. Young people, college graduates, seniors, single parents, middle-aged workers – none of us
• Mortgage Payment
  The check you write to the bank each month to pay off your home loan.. Summary The check you write to the bank each month to pay off your home loan. . The check you write to the bank each month to pay off your home loan. .
• Mortgage Interest
  The amount of interest you pay on your home loan each month.  . The amount of interest you pay on your home loan each month.. Summary The amount of interest you pay on your home loan each month.   .
• The Risks of Not Saving
  There are four major risks of not saving adequately for your future needs and goals: The impact of inflation on your savings The likelihood of Social Security benefits not providing adequate money for a long-term, post-retirement lifestyle That your life expectancy will outpace your savings The poss
• Insurance
  Health Insurance While the exact type of health insurance varies across federal, state and local governments, every public employer offers health insurance coverage and benefits to full-time workers and often to part-time workers as well. The Federal Employees Health Benefits Program (FEHB) offers h
• Start Out Smart! 7 Money Moves to Make Now
  Congratulations – you have a job! Your first full or part-time job can be exciting, overwhelming and scary…all at the same time. The biggest benefit is of course having a real paycheck! Before you run out and spend that entire first paycheck, there are a few wise financial “first moves” you should c
• Housing Options Involving Family Members
  At some point most seniors and their families discuss various possible housing arrangements that would involve moving into their home or on to their property. Let's look at the three most common forms of living arrangements that involve family members.. At some point most seniors and their families disc
• Medicare
  Medicare is a federal health insurance program which will pay all or a portion of medical care costs for qualified patients under very specific conditions. There are two parts to Medicare coverage - Part A which covers hospital insurance and Part B which covers medical insurance..
• What Credit Unions Offer
  Credit unions offer their members a wide variety of financial products and services. At a minimum, credit unions accept deposits for savings accounts.. Credit unions offer their members a wide variety of financial products and services. At a minimum, credit unions accept d
• Other Options to Payday Loan Company Loans
  If you do find yourself in a situation where you need to borrow or come up with some money relatively quickly, consider these options instead: Ask a friend or relative to make you a short-term loan at a reasonable interest rate. Make it a formal loan by writing up who the loan agreement is between (
• Clarifying their Financial Commitments and Resources
  In stressful situations it is often difficult to think rationally, logically and methodically. Often the person you are trying to help will respond that they don’t have time to really figure things out financially, that they don’t know how or can’t or don’t want to or shouldn’t have to-for some reas
• Insurance Policies and Individual Annuities with AIG
  AIG insurance policyholders know that the federal government is stepping in to make sure AIG’s parent company would not go bankrupt. The government made an 85 billion bridge loan (charging 11.. AIG insurance policyholders know that the federal government is stepping in to make sure AIG’s paren
• Cash Collection
  By far the most common way to send money abroad is using a remittance company, such as . By far the most common way to send money abroad is using a remittance company, such as Western Union or MoneyGram . These com
• Long-Term Care Insurance
  Medicare, Medigap, disability and most health insurance policies do not cover most long-term care costs. Medicaid will only pay for long-term care costs if you have very limited assets and income.. Medicare, Medigap, disability and most health insurance policies do not cover most long-term care co
• Insurance Policies and Individual Annuities with AIG
  AIG insurance policyholders know that the federal government made an 85 billion bridge loan (charging 11.5% interest) to provide the liquidity that the company needs to keep functioning.. AIG insurance policyholders know that the federal government made an 85 billion bridge loan (chargi
• Topics to Discuss
  As the old saying goes, the best way to eat an elephant is one bite at a time. You’re not going to discuss every financial topic and reach an agreement on all of your priorities in one discussion.. As the old saying goes, the best way to eat an elephant is one bite at a time. You’re not going to d
• Reviewing their Financial Priorities
  When people are in a financially stressful situation they often immediately focus on their financial shortfall. And while it’s important for them to know their financial needs, after identifying the initial root cause of their current situation, it is often more helpful to help them begin by clearly
• Preparing to Move
  Once you have chosen your new living arrangement and made your financing plans it's time to begin preparing to move. Start by getting measurement information for your new residence/unit to ensure that your belongings will fit and making sure that you are aware of any suggested items to bring or limi
• Congregate Housing
  Congregate housing is a term usually given to a home or development that is operated and subsidized by a city, nonprofit or religious organization for self-sufficient adults who would like some assistance with services such as group meals, light housekeeping, recreational activities, etc. This can o
• What Should I Do Once I Begin Investing?
  You should periodically evaluate how your investments are performing-at least once a year or when you experience a significant life change (i.e.. You should periodically evaluate how your investments are performing-at least once a year or when you experience a significant life change (i.e. get m
• Setting Goals
  List your goals and then decide how long a period you have before you want to achieve the financial ability to meet this goal. For example, if you want to buy a home and you want to invest your savings to create a significant down payment amount, when would you want to become a homeowner?  If you wan
• Check Your Progress and Readjust as Necessary
  When Seth left his job at a graphic design firm to work as a freelance graphic artist he loved the flexibility that self-employment offered and the idea that he could be his own boss. He also enjoyed being able to set his own schedule and take on jobs that really interested him..
• Tax Changes that Could Affect Your 2008 Federal Income Tax Bill
  There are a few new changes to the tax law that could affect your 2008 federal income tax bill. These changes are important to know about especially if you’re preparing your own taxes.. There are a few new changes to the tax law that could affect your 2008 federal income tax bill. Thes
• Alternatives to Getting a Refund Anticipation Loan
  There are options likely to be less expensive than an RAL if you need the amount of money that you will get from your tax refund quickly. For example: If you simply want to speed up getting your refund, file your income tax forms online (visit www.IRS.gov ) and you can have your refund check either
• Making Plans for Next Year's Taxes
  After you've hit "send" or dropped your completed tax forms in the mail, take a little time to set yourself up to not find yourself in "tax panic" come next year. Consider creating a budget.. After you've hit "send" or dropped your completed tax forms in the mail, ta
• Grandparent with Grandchild
  Scenario: Olivia is 72 year old retired widow living in Nevada on her Social Security benefit and her husband’s pension. She has always lived modestly and was sure she would be okay in retirement.. Scenario: Olivia is 72 year old retired widow living in Nevada on her Social Security benefit and he
• If a Servicemember Dies
  It’s a difficult reality to face but it is important to discuss and plan for what would happen if your, or your spouse, die during military service. The military provides assistance and benefits for survivors.. It’s a difficult reality to face but it is important to discuss and plan fo
• Create a New Budget
  A budget provides a commonly-agreed upon set of priorities from which you and your new spouse can make decisions. Be patient – it may take a while to learn how you each view and use money.. A budget provides a commonly-agreed upon set of priorities from which you and your new spouse can ma
• Credit Issues
  More than likely both of you have used credit prior to this point in your relationship – that, for example you have: used a major credit card (VISA, MasterCard) used a department store credit card, taken out a car loan, or applied, and been approved for, a home loan (mortgage) a car loan or student
• Avoiding Identity Theft and Scams at Tax Time
  Your tax forms and tax-related documents include information that is valuable to identity thieves such as your name, address, birthdate, Social Security number and more. There are simple steps you can take to prevent your identity from being stolen during tax time including: Contact employers and/or
• What Long-Term Care Insurance Will Cost You
  The premium for long-term care insurance, or the amount of money that you will have to pay yearly to maintain coverage, is usually higher than for other forms of insurance – anywhere between 2,000 - 8,000 per year. The cost of your premium will depend on several factors, including: The cost of car
• Medical Expenses and Taxes
  You may not be aware, but the IRS allows you to deduct medical costs from your federal income tax as long as they total more than 7.5% of your adjusted gross income.. You may not be aware, but the IRS allows you to deduct medical costs from your federal income tax as long as they total more
• Dealing with Collection Agencies
  If a healthcare provider, hospital, lab or other medical office has turned your unpaid bill over to a collection agency you may begin receiving letters in the mail, calls at home and at work. However you do have rights under the Federal Fair Debt Collection Practices Act (FDCPA).
• If You Can’t Pay a Medical Bill
  If you cannot pay your medical bills consider some of the following suggestions: Contact the office quickly. Don’t just not pay the bill, call the office and let them know of your difficulty.. If you cannot pay your medical bills consider some of the following suggest
• Evaluating Healthcare Insurance Options
  According to the U.S.. According to the U.S. Census Bureau, nearly 45 million Americans do not have health insurance. Not having health insurance can take a tremendous toll on individuals and families. Harvard Professor Elizabeth Warren found that medical bills contributed to half of all personal
• Four Year Colleges and Universities
  Four-year colleges and universities offer Bachelor degree programs and typically offer some graduate programs as well. Four-year colleges are considered more prestigious than community, junior and vocational colleges; offer a wider variety of classes and degree programs and generally attract more te
• Ways to Save for College
  Once you choose to make saving for a child’s college education a financial priority for your family the next step is creating a plan to make it actually happen. Here are a few tips to find and begin carving out savings: Examine your budget.. Once you choose to make s
• Bank Services
  In addition to accounts, banks can offer a wide variety of services such as: Check-cashing. Banks will typically cash checks for their customers for free.. In addition to accounts, banks can offer a wide variety of services such as: Check-cashing. Banks wi
• The Financial Effects of Divorce
  In most cases blended families arise from at least one, and usually both, spouses being previously divorced and remarrying after living as single parents. Divorce creates financial hardship for both spouses, but most glaringly for the wife/now-single mother.. In most cases blended fam
• Planning for Health Costs
  Part of improving, or maintaining, your physical and financial wellness is preparing for future needs and making plans to meet those needs. Physically that involves keeping an eye on the food you’re eating, the calories you’re taking in, making time to exercise and getting regular checkups..
• Collectibles and Valuables Insurance
  Did you inherit family china or jewelry? Do you collect antiques or artwork? Are you a hobbyist with a valuable collection of baseball cards, dolls, stamps or books? It’s important to know that most standard homeowners’ insurance does not cover the repair, restoration or replacement costs of collect
• Considering Chapter 7 Bankruptcy
  Chapter 7 bankruptcy is the most common form of personal bankruptcy for people to file. It’s the most “popular” form because it’s fairly straightforward, inexpensive to file, requires little time, is finalized quickly and at the end, your consumer debt is erased.. Chapter 7 bankruptcy is t
• Independent Living
  Independent living communities (also known as retirement or senior communities) offer seniors a secure environment in which to live independently without having to worry about home or yard maintenance. These communities offer a variety of housing types including condominiums, apartments, or townhome
• Single-Room Occupancy SRO
  This housing option means renting a single room in a resident hotel or private home. SROs were originally conceived as a way of adapting and using older hotels in urban areas but today SRO units are also available in other types of buildings that have been adapted for resident use and even homes in
• The Multi-Step Process of Finding Appropriate Housing at Every Stage
  There are numerous housing options to investigate when you begin thinking through a move for yourself or a loved one. For many people moving to accommodate health or age-related needs and conditions is a multi-step process that unfolds over a period of several years and even possibly decades..
• Different approaches to beginning the conversation
  Once you decide that it's time to raise the conversation ask your parent or loved one if you could get together to talk. Once you're together there are several ways you could broach the subject: Raise an observation: "Dad, I want to talk about a few things that I have noticed might be going on with
• Reviewing and Securing Your Legal Documents
  You should review your will and other legal documents every five years and particularly after major life event such as marriage, divorce, the birth or addition of children to your family, disability, unexpected financial gain or loss, etc. to ensure that those documents still reflect your wishes..
• Medicare Part A
  assists with inpatient hospital services and expenses at critical access hospitals, skilled nursing facilities and inpatient rehabilitation facilities. It also covers hospice services and home healthcare.. assists with inpatient hospital services and expenses at critical access ho
• Places to Turn When Money is Tight
  No matter how much you work and plan and take wise financial first steps, like those outlined in the “11 Things Single Moms Must Do, there are times when financial issues can become overwhelming and money seems impossibly tight. Take heart.. No matter how much you work and plan and take wise
• Managing Child Care as a Single Parent
  If you are a single working parent, you have a lot on your shoulders. If you have young or school-age children, you, like millions of other women, probably also have to constantly manage your family’s need for high-quality childcare given your financial resources.. If you are a single worki
• Term Life Insurance
  Term life insurance is so named because it offers a set coverage amount for a limited “term” or period of time, typically between 1 and 30 years. That means that if you keep current on your policy premiums and you die within the term of the policy, your beneficiaries will receive the set death benef
• Help for Homeowners Mortgage Center
  Millions of American homeowners are facing tough financial choices created by a tightening economy and rising interest rates which are sending monthly payment rates up for many adjustable-rate mortgage holders. If your or a friend or loved one is struggling to hold on to your home this section can h
• Making the Decision to Go Back to School
  Frances felt stuck. She had been with the same company for 10 years and had worked her way up to a position in internal sales.. Frances felt stuck. She had been with the same company for 10 years and had worked her way up to a position in internal sales. But with two children a
• Creating Credit When You Have None
  Most likely at some point in your life you will need to, or want to, use credit. Establishing credit can help you get a job, rent an apartment, buy a car, qualify for a personal loan, finance a college education, purchase a home and more.. Most likely at some point in your life you will ne
• Clean Out Your Wallet
  Lose a little summer weight by emptying out your wallet. Take stock of what you've got - do you really need all those credit cards? Consider cutting up a few and consolidating some of your credit card debt.. Lose a little summer weight by emptying out your wallet. Take stock of what
• Planning a vacation
  You work hard and you look forward to taking some time to get away over the summer. But it can be easy to overspend on vacation and regret it later.. You work hard and you look forward to taking some time to get away over the summer. But it can be easy to overspend on vacation and regret it later. H
• Informal Funds Transfer (IFT) Services
  Many informal funds transfer services (IFT) such as sending money abroad through people who frequently travel back and forth from the U.S.. Many informal funds transfer services (IFT) such as sending money abroad through people who frequently travel back and forth from the U.S. or arrangin
• Questions to Ask When Considering Joining a Credit Union
  If you find a credit union and determine that you are eligible for membership, consider asking some of the following questions when considering signing up to join and open an account: Does the credit union have automated teller machines (ATMs) If you use ATMs frequently you might want to find out wh
• Travel Tips
  There’s no time like the holidays to visit friends and family. According to the Bureau of Transportation Statistics, about 5.. There’s no time like the holidays to visit friends and family. According to the Bureau of Transportation Statistics, about 5.8 million Americans make
• Back to School Shopping on a Budget
  The National Retail Federation estimates that parents can expect to spend approximately 600 on back-to-school costs. School supplies, clothes, sports physicals, books…it all adds up.. The National Retail Federation estimates that parents can expect to spend approximately 600 on back
• Questions to Ask About Calling Plans
  When evaluating potential calling plans ask the following questions: What are the peak and non-peak times? What are the set rates for calls within my home calling area during peak times?  Non-peak times? What is the “per minute rate” for roaming” or non-local calls during peak times?  Non-peak times?
• The Far-Reaching Effects of Filing for Bankruptcy
  While bankruptcy offers the chance for a financial new beginning, it’s not without its costs. Because declaring bankruptcy has such enormous long-term consequences, it should really only be considered as a last resort and with professional financial advice.. While bankruptcy offers t
• The Process of Filing for Bankruptcy: How It Happens and Who Can Help
  If you are seriously considering filing for bankruptcy, you should consult with an attorney who knows your state’s bankruptcy laws and has experience in handling bankruptcy filings. While you don’t need to retain a lawyer to file for bankruptcy, this is a major decision and you will probably want to
• Considering Chapter 13 Bankruptcy
  Filing for Chapter 13 personal bankruptcy is called “debt reorganization. Under Chapter 13 you will be required to pay back a portion of your debt according to your ability to pay over a 3-5 year monthly payment plan.. Filing for Chapter 13 personal bankruptcy is called “debt reorganization. U
• What Does It Mean to File For Bankruptcy
  When someone reaches the point of filing for bankruptcy they have typically endured a period of embarrassing financial, and perhaps emotional and physical, losses. Often people filing for bankruptcy are ashamed of the place where they have found themselves and they struggle to keep paying and to fin
• What Happens if a Creditor Takes You to Court
  Until a collection agency sues you and wins they can’t legally take anything you own to pay off your debts. However, once the agency sues you and wins, they obtain a “judgment” against you they can take your “nonexempt” property to collect against your debt.. Until a collection agency
• Managing Your Student Loan
  Learning how to manage your personal finances – including repaying your student loan – is an important part of the road to financial independence. If you’re like most college students with a student loan, this is your first experience having to repay a formal loan.. Learning how to manage yo
• Determining Which School to Attend
  Once you have an idea of what type of degree you would like to pursue – or which degree you would like to return to finish – the question is where?  What type of school is right for you?  Because she needed to stay at her job, and that her family could not afford to move, Frances knew that she would n
• Borrowing Against Your Retirement Savings
  While experts don’t recommend tapping into your retirement savings for any reason- because you are putting savings and potential interest and growth opportunities at risk- you may be considering this as one of your only options. Before you do anything, let’s look at what’s involved in borrowing agai
• Questions to Ask When Considering a Windstorm Insurance Policy
  When considering a windstorm insurance policy – whether you are thinking about purchasing a policy from a private insurance company or from a state insurance pool – you should gather as much information as you can before making any formal, written commitment. Following is a list of questions you may
• Using Life Insurance as an Asset
  While the primary benefit of life insurance is to provide your dependents with income after your death, consumers with permanent life insurance policies are increasingly viewing, and using, life insurance as an asset. That means that they are using the money they have built up in the policy for othe
• Relational Issues and Conflict Resolution
  In order to successfully work together as a multigenerational family it is important to communicate clearly and consistently about roles, responsibilities and expectations. Constantly communicating about these things will help ease tension and proactively solve problems before they become something
• Healthcare Concerns and Needs
  One of the most common reasons that family members move in with one another is that an older loved one becomes no longer able or physically safe to live on his or her own, or a family member needs to recover from a medical condition or accident. If that describes your situation, sit down together to
• Your Family’s Financial Health
  With the pace of day-to-day life, trying to find time to focus on and manage your money could seem too difficult. But taking time now – even just carving out 10-15 minutes a day or every other day – to learn about how to set financial goals, manage your money, save money and invest that savings for
• Goal Setting
  Think of the last time you felt really proud of yourself. What was it that you achieved that you took pride in?  Was it an award that you won at work?  Losing a certain amount of weight?  Finishing coursework toward a degree?  Chances are that whatever it was, you thought about it, planned for it and wo
• Spending and Saving Decisions
  As you work through your financial goals and priorities it will become easier to reach agreement about how you will spend and save money. It seems obvious but the only way to save money is to find ways to not spend all the money you’re bringing in.. As you work through your financial goals and prior
• Bill-Paying Tips
  You have a lot to juggle and make time for – kids, work, maintaining a home, etc. Consider processes that can reduce the time it takes to pay your bills and make it easier to create savings automatically for your future.. You have a lot to juggle and make time for – kids, work, maintaining a home
• Managing Child Care as a Single Mom
  If you have young or school-age children you, like millions of other single moms, have to constantly juggle the logistics, emotions and financial cost of childcare. On average a single mother spends nearly one-third of her income on child care.. If you have young or school-age children you, like
• The Difficult Financial Reality Facing Single Mothers
  The reality can be difficult to acknowledge: single mothers have often more than double the workload and yet financially typically have far less than half the income and assets than their married or single father counterparts. Most single working mothers are faced with the sobering reality that they
• Managing Child Care
  Christine and Andy are two working parents. Andy is a sales representative for a custom furniture business and Christine works as a secretary for a large downtown law firm.. Christine and Andy are two working parents. Andy is a sales representative for a custom furniture business and Christine work
• My family never had money when I was growing up, but my parents did okay.
  All of us have a “financial past” and for most of us our present-day views on money were, to a smaller or greater extent, built upon that past. But times change.. All of us have a “financial past” and for most of us our present-day views on money were, to a smaller or greater extent, bui
• Can I charge my tax bill?
  Yes. The IRS accepts American Express® Discover® MasterCard® and Visa®. Yes. The IRS accepts American Express® Discover® MasterCard® and Visa® However, think twice before pulling out the plastic. Financing a steep tax bill at a high interest rate charged by your credit ca
• What if I live overseas?
  If you're either military or a civilian living overseas, there are a few helpful things to know. First, if you qualify for overseas residency (as a U.. If you're either military or a civilian living overseas, there are a few helpful things to know. First, if you qualify for overseas residency (as a U.
• What if I need help?
  Once you've collected all the necessary paperwork, you might find that you need a little help walking through the process. You have several options: Income tax softwareYou can buy software that will help you prepare and file your taxes..
• Scams to Avoid
  SIX-FIGURE INCOME WORKING PART TIME AT HOME! NO EXPERIENCE REQUIRED. Sound too good to be true? It probably is.. SIX-FIGURE INCOME WORKING PART TIME AT HOME! NO EXPERIENCE REQUIRED. Sound too good to be true?  It probably is. There are unfortunately too many operators who exploit vulnerab
• Taxes
  Being your own boss creates plusses and minuses on the tax side. Among the plusses are the possibility of deducting business expenses—the use of your car, the use of a home office, the cost of supplies, publications and business entertainment—within the IRS regulations, to reduce your taxable income
• More about Debt Financing
  Although banks and financial institutions may advertise how much they enjoy lending to small businesses, do not expect to qualify for a loan without a solid business plan and some track record of success. Small business loans from banks usually have at least a 50,000 minimum because the banks canno
• Can You Afford Not To?
  You may find that starting your business is more of a necessity than a choice. If your employer closes or moves and you don’t have many other job opportunities in your area, working for yourself may be your only option.. You may find that starting your business is more of a necessity than a choi
• Communicating with Your Doctor
  Once you have selected a primary care provider you will, at some point, begin to use his or her services. Make the most of your appointments by being well-prepared.. Once you have selected a primary care provider you will, at some point, begin to use his or her services. Make the most of yo
• Other Factors Influencing or Affecting Your Investments
  As with most things in life, becoming an informed investor takes a little time, learning and self-education. In addition to knowing what type of investment options there are – in other words, where you can invest your money to hopefully make a return – it’s important to know how money works in an in
• Parents Dealing with their Single Adult Child’s Deployment
  Most often deployment information and support is directed to the servicemember’s spouse. But what about the single servicemember?  What happens when he/she is deployed?  After being out of the family home and living on his or her own, suddenly he or she needs family members to help with the paperwork
• When There is a Gap Between Income and Expense
  That’s another way of saying that you’re spending more than you’re earning! Instead of feeling automatically overwhelmed or fearful, consider it just as a piece of information that can help you determine what you’re fearful of or concerned about. Even though the thought of having more debt/expenses
• What to Do When the Deployment is Extended
  Imagine learning that your spouse has 24 hours to report for duty and be deployed for combat. Now imagine that the day before the scheduled homecoming, you are notified that he/she won't be coming home for another 12-15 months.. Imagine learning that your spouse has 24 hours to report for duty and be de
• Important Considerations for Saving and Investing: In Your 30s
  While retirement may still feel like a lifetime away this decade is critical for saving and investing. You still have plenty of time to save and invest and reap the benefits of compounding interest and long-term gains.. l feel like a lifetime away this decade is critical for saving and investin
• Questions to Ask When Comparing Plans
  Health insurance is an important financial tool that can help preserve your family’s physical and financial health. Make sure that you know exactly what services and benefits you are purchasing.. portant financial tool that can help preserve your family’s physical and financial health. Make
• Adapting to an Unplanned Retirement
  Most of us have a vague idea of how our work life will progress – we’ll spend a few years deciding what we really want to do, get established in our careers, move companies or organizations a few times, progress up the pay scale and then - at a point of our choosing in our sixties or seventies - we
• Investing
  One of the most common questions single women have as they begin taking control of their finances is “how do I become an investor? Too often women are under the wrong impression that there is some sort of “one size fits all” way to invest. There isn’t.. estions single women have as they begin taking con
• Decisions to Consider Making
  As you become more comfortable talking about financial issues, sharing thoughts, opinions, plans and paperwork you should start working through some important decisions. Areas to talk about include: Goal-Setting.. As you become more comfortable talking about finan
• Asset Allocation
  Asset allocation is the foundation of most investment plans. It tells you how much of your money you want to have invested in different kinds of investments or assets (sometimes called “asset classes”stocks, bonds, cash [click through to definitions in step two] are the main ones—based on how much t
• Equity Investments – Stocks
  Equity is ownership – buying something and hoping that whatever you own increases in value. When you hear the word “equity” relating to your investment choices that most commonly refers to purchasing stock.. Equity is ownership – buying something and hoping that whatever you own inc
• Permanent Life Insurance
  Permanent life insurance is known by many names such as whole life, universal life, cash-value insurance, and variable universal life insurance. It is considered “permanent” because unlike term life insurance, there is no time limit to the policy.. Permanent life insurance is known by many names su
• Adapting to Long-Term Temporary or Independent Contract Work
  Since the recession of 2008 employers have been slow to re-hire people for positions that they cut. If you lost your job, you may have started working with a temporary staffing firm or working as an independent contractor, or freelancer, to help make ends meet.. 08 employers have been slow to re-hire people for
• Filing an Amended Tax Return
  Even if you double checked all your numbers and reviewed every line of your completed federal tax return, it is possible to inadvertently make a mistake. Maybe you forgot about some income you had earned when you received a W. Even if you double-checked all your numbers and reviewed every line of your
• Ways to Avoid Becoming a Victim of Elder Financial Abuse
  What is elder financial abuse? Simply put, it’s a crime. It is when someone – an individual, company or organization – wrongfully takes a senior citizen’s money, property or other financial resources.. What is elder financial abuse?  Simply put, it’s a crime. It is when someone
• Ending the Year on the Right Foot
  Only a couple more weeks before we ring in the New Year. But there's still time to make a few decisions that will minimize your taxes for this year and help you start out on the right foot financially next year.. Only a couple more weeks before we ring in the New Year. But there's still
• 13 Things Your Family Can Do Today
  All parents want their children to grow up knowing how to responsibly handle money – how to earn money, how to most wisely spend it, and how to invest it well for future needs. But how does that happen?  Here are 13 things that every family can do together to take control of your finances to reach im
• In Your 40s
  As retirement becomes closer your investing time horizon is shortening; saving and investing for retirement must become a high financial priority if you want to be able to reach your retirement lifestyle goals. Here’s how: Define your strategy..
• Overcoming Obstacle Number Two: Finding Money
  Unlike students who have not entered the workforce, adult students are often unsure about how – or if – they can afford to leave full-time work with its wage/salary, benefits (including insurance, paid vacation, etc. and career advancement possibilities.. Unlike students who have
• 10 Simple Steps to Start Saving Money Now
  Develop a simple, easy to implement plan with Tomorrow's Money “Personal Savings Schedule” Click here to link directly to the site’s . Develop a simple, easy to implement plan with Tomorrow's Money “Personal Savings Schedule” Click her
• Financial Tools
  In addition to insurance benefits your employer will likely offer various financial tools that you can use to reduce your taxable income and save for your short-term needs and long-term goals. Health Spending Accounts Healthcare spending accounts provide you with a way to pay for health care expense
• The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
  The Bankruptcy Abuse Prevention and Consumer Protection Act significantly changes how, and under what conditions, individuals can file for bankruptcy. The most significant changes to bankruptcy law apply to Chapter 7 bankruptcy because under Chapter 7 debtors are able to discharge, or not have to re
• Recovering From Bankruptcy and Re-Establishing Your Credit
  If you have filed for bankruptcy you have been through a very stressful, and probably humiliating, time in your life. It can be traumatizing to realize that you have hit rock bottom financially and you may feel panicked or shaky about what this means for your future.. If you have filed for ban
• Choosing a Cell Phone Calling Plan
  How much do you think you will use a cell phone?  Do you want one to have just in case of emergency while you’re traveling or for your kids to be able to get in touch with you while you’re out?  Or maybe you plan to talk a lot on your cell phone – you have friends all over the country you like to keep
• How to Improve Your Credit Score
  Your credit score is not set in stone; it changes over time as you use, manage and maintain your credit. If you have recently learned that you have a low credit score, the good news is that there are things you can do to improve your score: Request and review your credit report on file with each of
• Ways to Invest and Grow Your Savings for College Tuition
  It’s not enough to want to help your child afford college you need to have a plan to make it actually happen. However, putting money into a savings account at your bank or credit union won't earn enough interest to foot the bill.. It’s not enough to want to help your child afford
• Dealing with Deployment
  Deployment is a stressful time for every member of the family. By taking time to talk together as a family, and separately as a couple, you can better manage both the emotional and logistical aspects of being apart from your servicemember.. Deployment is a stressful time for every member of
• Scholarship Information and Sources
  Many returning adult students may not think that scholarships are available for them. The good news is that as the number of adult students returning to earn, or complete a degree, is increasing so is the number of scholarship opportunities.. Many returning adult students may not think that s
• Staying in Financial Control While You’re in College
  Going to college can be exciting, fun…and expensive. And we’re not just talking about tuition, room and board.. Going to college can be exciting, fun…and expensive. And we’re not just talking about tuition, room and board. There can be a lot of unexpected, small expenses that can add up
• Improve Your Finances with a Little Math
  Math. Whether you were good at math in school or not, you can make math work for you…and not necessarily the way you think when it comes to money.. Math. Whether you were good at math in school or not, you can make math work for you…and not necessarily the way you think when it comes to money. The
• You and Your Doctor
  The doctors that you choose to work with can have an enormous impact on your physical and mental health. It is important to have a positive, trusting, ongoing relationship with your medical care providers.. The doctors that you choose to work with can have an enormous impact on you
• Financial Pressures and Your Health
  Stress is an accumulation of mental and physical tension. Stress can: distract your mental focus drain your energy impair your immune system and increase susceptibility to illness or disease create real physical reactions such as heart palpitations, panic attacks, nausea, headaches and sleepiness ca
• When You Lose Retiree Benefits
  Karen was enjoying retirement after 32 years of work as a registered nurse. Her Social Security and savings provided a modest, but adequate, income and she was grateful for a generous retiree benefits package from her former employer which included a pension and health insurance.. ment after 32 years of wo
• First Steps to Understanding Your Health Insurance Benefits
  If you, or your spouse, have health insurance do you know what your health insurance plan benefits are? According to CIGNA HealthCare, nearly 50 percent of all Americans give themselves only a “C” grade, or lower, when it comes to understanding their health benefits and programs available to them th
• Giving Wisely
  Every year millions of people support nonprofit organizations to care for people in their communities, strengthen causes they feel strongly about, and reach out to people affected by disasters. Giving is a noble and generous act of caring and service.. Every year millions of people support nonprofit or