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1 min read

Celebrate National 529 College Savings Plan Day With NAIFA

By NAIFA on 5/29/23 8:00 AM

NAIFA is proud to celebrate National 529 College Savings Plan Day today! It's a day that holds special significance for parents, students, and guardians. The importance of a 529 College Savings Plan when it comes to financial planning should not be overlooked! 

Well what is a 529 College Savings Plan? A 529 plan is an education savings plan designed to help families set aside funds for future college costs. Named after Section 529 of the Internal Revenue Code, these plans are sponsored by states, state agencies, or educational institutions, and offer tax advantages to boost educational savings.

Topics: Financial Literacy Financial Security
4 min read

Tempted by FOMO? Ask Yourself These 7 Questions

By EveryIncome on 5/15/23 10:00 AM

Your best friend invites you to her unexpected destination wedding. The $3,000 tropical trip is next month.

Topics: Financial Planning Financial Security
1 min read

NAIFA Embraces National Teach Your Children to Save Day

By NAIFA on 4/27/23 7:00 AM

The National Association of Insurance and Financial Advisors (NAIFA) is dedicated to equipping individuals with the necessary financial know-how and confidence to successfully navigate their financial lives. That's why we're wholeheartedly embracing National Teach Your Children to Save Day, a nationwide initiative focused on providing young people with the vital skills and resources needed to make informed financial choices.

Topics: Financial Planning Financial Literacy Financial Security
1 min read

NAIFA celebrates National Financial Awareness Day

By NAIFA on 4/25/23 7:00 AM

At NAIFA, we're devoted to empowering individuals with the financial knowledge and confidence they need to effectively manage their resources. That's the driving force behind our enthusiasm for National Financial Awareness Day, a nationwide effort centered on equipping people with the essential skills and resources to make wise financial decisions.

Topics: Financial Planning Financial Wellness Financial Literacy Financial Security
1 min read

NAIFA Celebrates Money Smart Week

By NAIFA on 4/19/23 10:00 AM

At NAIFA, we're passionate about helping people become more financially savvy and confident in managing their money. That's why we're excited to celebrate Money Smart Week, a nationwide initiative focused on empowering individuals with the knowledge and tools they need to make smarter financial decisions.

Money Smart Week is all about raising awareness of the value of financial literacy, ensuring everyone has access to essential financial resources, and highlighting the importance of making wise money choices. Our goal is to improve the financial well-being of everyone, acknowledging the unique challenges many people face when it comes to managing their finances.

Topics: Financial Planning Financial Literacy Financial Security
3 min read

How To Get Out—And Stay Out—Of Debt

By EveryIncome on 3/27/23 10:00 AM

It might not be easy to get out of debt, but it is absolutely worth it. Start with these debt-elimination tips. The increased flexibility and peace of mind you gain when you’re no longer saddled with debt can transform your life — including your mental health.

By acquiring a few good financial habits, you can not only get yourself out of whatever debt you’re in right now but also live debt free indefinitely.

Topics: Financial Planning Financial Wellness Financial Security Debt
6 min read

What is a Financing Contingency on a Purchase Contract?

By EveryIncome on 12/9/22 10:00 AM

When you sign a purchase contract, you’re signing a legally binding agreement. Most of the time you also put down earnest money. If you back out of the contract without any reason that’s legally backed, you lose your earnest money, which could be thousands of dollars.

Since buying a home is one of the largest purchases you’ll make, you want to enter the contract carefully. You sign a contract that doesn’t work in your favor, but you also don’t want to have so many contingencies that a seller won’t accept your bid.

One of the most popular contingencies you can add to a purchase contract is a financing contingency. Understanding what it is and how it works is important.

Topics: Financial Planning Financial Literacy Financial Security
8 min read

Financial Risks That Make It Difficult to Age in Place

By Cameron Huddleston, Carefull Family Finance Expert on 11/7/22 10:00 AM

An overwhelming majority of older adults want to remain in their homes as they age. A survey by AARP found that 77% of adults 50 and older want to age in place. Other surveys have found that the percentage is even higher—nearly 90%.

It’s one thing to want to age in place. It’s another thing altogether to actually be able to make it work. That’s because there are several financial factors that can jeopardize adults’ ability to remain in their homes as long as possible. In fact, without adequate financial security and safeguards, living independently at home isn’t possible.

It’s important to understand the financial risks that can make it difficult to age in place and to take steps to reduce those risks.

Topics: Planning in Advance Lifestyle Planning Financial Wellness Financial Literacy Financial Security
5 min read

6 Reasons You Need an Emergency Fund in Retirement

By Carefull on 10/31/22 10:00 AM

An emergency fund—money dedicated to unexpected expenses—should be part of every household budget. When things go south, you won’t have to go into debt to fix them. While the fund might not be enough to completely cover truly serious emergencies, it will at least reduce the amount you have to finance.

During your working years, an emergency fund is a big help. During retirement, it’s crucial to your budget. After all, you’re living on a fixed income. You can’t take on a little overtime to help pay for that transmission repair.

Here are six reasons why an emergency fund is essential.

Topics: Planning in Advance Lifestyle Planning Financial Literacy Financial Security Budgeting
3 min read

Where You Put Your Savings Depends on What They’re For

By EveryIncome on 10/10/22 10:00 AM

So you’ve decided to put away some savings. Great choice. It’s never too soon to start.

A lot of Americans don’t have any savings, and many don’t have enough to last them through their retirement years, so you’re smart to make this decision.

But where should you put the money? Here’s how you can make good choices.

Topics: Financial Planning Planning in Advance Financial Wellness Financial Literacy Financial Security Savings