I have tons of student loan debt—over $90,000, in fact—and no matter how much I cut back, it seems like there's never enough money left over to start saving. There are plenty of organizations out there who say they can help with this, but it's important to do your research before committing to anything— it may not actually be the best option.

As our parents continue aging, there is a change in the role of who is taking care of whom. They become more senile and financially dependent on you to take care of their needs. Eventually, all our parents do age, and failing to prepare for this will leave you and your whole family at a disadvantage. This is why it's important to work with insurance and financial professionals with a wealth of experience planning for expenses associated with aging.  

NAIFA specializes in this and has financial advisors willing to work with you and your family to plan your finances so that you can comfortably give your aging parents the care they need. We have discussed the importance of, and some of the long-term care costs and strategies for paying them.

After serving our country, some veterans may want financial support when they come back, as they may have been disrupted from a job when being called upon. we are here to give them that financial support with 4 financial tips that will help them achieve financial success after achieving success serving our country.

Whether you have accrued debt from student loans, credit cards, or other means, getting out of debt can take decades of hard work. High interest rates, unexpected expenses, and low earnings can all contribute to mounting debt. Fortunately, there are some approaches that borrowers can take to minimize their debt over time. If you have recently decided to redouble your efforts and focus on reducing debt, there are a few strategies to help you determine which debts to tackle and when. 

Most financial responsibilities are predictable, but you need rainy-day funds to deal with the unpredictable. Do you have enough?

Financial crises do arise, times when you must pay for something unexpectedly and immediately. A medical emergency could keep you out of work. Your car could break down. Home repairs could become immediately necessary. In the meantime, all your regular bills are still due.  Think of an emergency fund as something you build, rather than something you have. Circumstances such as these are not pleasant to consider, but they happen.

Are you prepared?

Whether they pass as the result of a prolonged period of illness or an unexpected accident, the death of a loved one is never easy. Many families end up worrying about the costs associated with a decedent’s end-of-life care while they are trying to grieve their loss, and making sense of funeral bills, medical expenses, and insurance can be incredibly daunting. When people pass away after receiving medical care, their family members are often left to wonder what happens to the decedent’s medical debt. Medical debt can take out a significant portion of a deceased person’s estate, but determining who is responsible for paying off this debt if the estate is unable to pay in full can be difficult.

For folks who are in the final stretch before retirement, tying up any loose ends is essential. Before they begin traveling, taking up hobbies, and enjoying downtime, retirees must be sure that they have the assets necessary to support themselves. Retirement planning can take decades of hard work, but seeking sound financial advice from a professional can help ensure that retirees are on solid financial footing for their golden years. Whether you are seeking financial advice for the first time or have worked with a professional advisor for years, here are some reasons why soon-to-be retirees should talk to financial experts.

Everyone Would Like to Age-In-Place But…….

While the stock market tends to dominate news cycles surrounding any current large-scale event, too many average Americans are uneducated when it comes to investing. When many people see reports of record market highs and losses, massive government bailouts, and changing legislation regarding interest rates and taxes, they do not have the educational background or investing experience to translate these headlines into meaningful analyses and applications for their daily lives. Investing education is critical for all Americans, particularly in times of economic turmoil. Consider these benefits of investing education before diving into financial commitments.

The countless choices can be mind boggling while researching your retirement investing options. However, there are certain decisions that should not be either/or.