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2 min read

Make More Money by Assessing Your Lifetime Income Potential

By EveryIncome on 11/28/22 10:00 AM

Virtually everyone would choose to make more money if given the opportunity, but choices that impact your lifetime income potential are rarely that clear-cut. A variety of factors influence the amount of money a person makes, and the choices they make throughout their lifetime help to dictate their ability to earn money. Taking a hard look at your lifetime income potential can help you make more money in the long term, allowing you to financially support your lifestyle and retire in comfort.

Topics: Retirement Planning Planning in Advance Lifestyle Planning Financial Literacy
2 min read

Retirement Planning and More: 3 Questions to Ask Your Aging Parents

By EveryIncome on 11/21/22 10:00 AM

As people get older, many must begin to rely more upon their children for care and support. Even the most independent retirees often chat with their kids to discuss finances, medical concerns, and housing plans for their golden years. Some people wait until they experience an accident or health scare to share their plans with loved ones, while others put off these conversations until it is too late.

People with aging parents (or retirees with adult children) should be proactive about discussing these difficult topics and life decisions. If you are an adult with aging parents, consider sitting down with them to discuss retirement planning, estate planning, and their wishes regarding housing and end-of-life care. 

Topics: Retirement Planning Financial Planning Planning in Advance Retirement Lifestyle Planning
4 min read

Why You Need a Trusted Contact to Protect Your Finances

By Cameron Huddleston, Carefull Family Finance Expert on 11/18/22 10:00 AM

Think back to the last time you went to a doctor’s office or medical facility. You likely were asked to name an emergency contact, and you probably didn’t hesitate to write down the name of your significant other, a family member, or a friend. 

It makes sense to have someone medical personnel can get in touch with if something happens to you. After all, this can ensure your well-being. 

But what about your financial well-being? If your financial institutions and advisors asked you to name a trusted contact, would you be willing to provide the name of someone they could reach out to if they were concerned about activity in your account and couldn’t reach you?

Topics: Financial Planning Planning in Advance Lifestyle Planning
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

Real Estate Investment Mortgage Rates

By EveryIncome on 9/2/22 10:00 AM

Mortgage interest rates play a large role in how much mortgages cost, and they can also affect your cash flow.

Understanding real estate investment mortgage rates can help you find properties you can afford and profit from, as well as organize your finances before you head into a deal.

Topics: Financial Planning Planning in Advance Lifestyle Planning Investing
2 min read

How to Maximize Your Savings at Your First Job

By NAIFA on 8/29/22 10:00 AM

When you land your first job, it's important to learn how to manage your income. Now is the perfect time to establish healthy spending and saving habits. Read on for tips to manage your finances with your new paycheck.

Topics: Retirement Planning Planning in Advance Lifestyle Planning Emergency Savings Savings Budgeting
2 min read

5 More Tips to Manage Your Finances During a Recession

By NAIFA on 8/26/22 10:00 AM

Recessions are never easy. Whether you're becoming aware now or already following the news of a possible economic crisis, it's good to have a mitigation plan for when it happens. Learn how to prepare your finances so they can carry you through a recession and in the aftermath with these tips. 

Topics: Financial Planning Lifestyle Planning Financial Literacy Budgeting
5 min read

How to Handle Inflation

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

A majority of consumers today are suffering from the effects of inflation. We’re seeing inflationary rates that are akin to what happened in the 80s, so we’re talking decades ago. At the rate inflation is increasing lately, most people can’t afford what they’re used to and it’s causing financial strain on families everywhere. 

Topics: Planning in Advance Lifestyle Planning Planning Consequences Investing Budgeting
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

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