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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

How First-time Homebuyers Can Compete as Prices Rise

By Home.com on 11/4/22 10:00 AM

It’s a seller’s market out there. 

Topics: Financial Planning Financial Wellness Financial Literacy
6 min read

6 Financial Tasks Retirees Should Tackle Now to Stay Independent and in Control

By Cameron Huddleston, Carefull Family Finance Expert on 10/28/22 10:00 AM

One of the key needs that people have is to be autonomous. In other words, it’s human nature to want to feel independent and in control. 

For those near or in retirement, financial independence is especially important. You need to have the resources to live comfortably and securely without a regular paycheck. You also need to protect those resources. 

That requires putting systems and safeguards in place. To remain financially independent and in control, tackle these tasks sooner rather than later.

Topics: Retirement Planning Planning in Advance Retirement Financial Wellness Financial Literacy
3 min read

Don’t Let Impulse Buys Damage Your Financial Health: Use the 30-day Rule

By EveryIncome on 10/24/22 10:00 AM

Impulse buys happen to all of us. You’re in a store or on a shopping website, and you see something you really want to buy. It’s a new release of software you own, an expensive pair of shoes marked down to half price, or a miter saw that will work way better than the 15-year-old one you currently own.

You know you want it. Do you need it, though? You’ve already pledged to save money for an emergency fund. This purchase will make a dent in that fund.

Topics: Financial Planning Financial Wellness Financial Literacy 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
2 min read

Planning Ahead: How to Cut Expenses and Build Your Savings

By EveryIncome on 8/5/22 10:00 AM

Many people have specific financial goals (e.g., filling a rainy-day fund, buying a house, paying down debt, or starting to invest), and most of these goals involve saving money. If you are struggling to put money away for your financial plans, reducing your spending may be necessary. Consider these tips to help you cut expenses and build your savings to facilitate your future financial plans.

Topics: Financial Planning Lifestyle Planning Financial Wellness Financial Literacy Financial Security Budgeting
4 min read

A Couple’s Guide to Building a Budget — Without Killing Each Other

By EveryIncome on 7/25/22 10:00 AM

Money can be a big challenge for relationships, especially for couples on a budget with limited income or a lot of debt. Overwhelming debt, lack of communication, and financial secrets can lead to arguments, guilt, finger-pointing, and resentment. Here are the steps to help.

Understanding what a budget is, what it can do, and how to build one together can help couples address problems in a healthy, positive way as they work toward mutual financial goals.

A budget is simply a roadmap for dividing household income into expenses (including mortgage, groceries, and discretionary spending). Building a budget together means agreeing on the roadmap and helping each other stick to it.

Topics: Financial Planning Benefits of a Financial Advisor Financial Wellness Financial Literacy Financial Security Budgeting
6 min read

The Do’s and Don’ts of Achieving Financial Freedom

By EveryIncome on 6/6/22 11:00 AM

We all want to be financially free, right? Living under the burden of bills, saving, and trying to figure life out feels impossible and overwhelming at times. What if we told you that achieving financial freedom is within your reach – you just have to know the do’s and don’ts of handling your personal finances. 

Here’s what you should know. 

Topics: Financial Planning Lifestyle Planning Financial Wellness Financial Literacy Financial Security Budgeting
6 min read

7 Ways to Improve Your Money Mindset

By EveryIncome on 5/30/22 1:00 PM

You could set as many financial goals as you want, but without the right mindset, they are nearly impossible to reach. How you think about money—consciously and subconsciously—can affect your decisions, how you handle money, and how much money you have overall. The good news is that you can change your money mindset at any time and turn your personal financial situation around. 

What Is Your Money Mindset? 

Your money mindset is any thoughts or feelings you have about money. For example, if you tell yourself, "I’ll never make enough money to retire early", then guess what? You won’t. 

What you tell yourself and how you think about money determines how you handle money. If you tell yourself you aren’t good enough, then you’ll never stretch beyond your limits and make your financial goals a reality. 

Topics: Financial Planning Lifestyle Planning Financial Wellness Financial Literacy Budgeting
1 min read

The Main Street Code for Financial Success

By NAIFA on 3/10/22 11:45 AM

What's your most important financial asset? What's the best way to grow your money tax-free? NAIFA President Larry Holzberg answers these questions and more with Neil Himmelstein on the podcast "The Main Street Code for Financial Success".

Holzberg and Himmelstein discuss the importance of working with a financial advisor and having the right kind of insurance to protect your assets and your family. “[Life Insurance] allows people to maintain their lifestyle, reach their goals, and do the most important thing—love their family,” says Holzberg.

Listen to the Episode Here

Topics: Disability Insurance Long-Term Care Life Insurance & Annuities Financial Planning Podcast Financial Wellness Careers in Financial Services

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