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6 min read

Why the Holidays Aren’t the Best Time to Have Family Money Talks

By Carefull on 11/12/21 9:58 AM

This article was originally posted by NAIFA partner Carefull. Carefull is the first service built to organize and protect older adults' finances. It is available for individuals, families and financial advisors who need smart financial monitoring, identity theft protection, and bill oversight for older adults' daily money matters.

Timing is really important when it comes to talking to your parents about their finances. The holidays might seem like the perfect opportunity to have these conversations because you, your siblings and parents will be together in one place (that is, when there’s not a pandemic making gatherings a challenge). You’ll be celebrating, and everyone will be relaxed. Perfect time for a family money talk, right?

Wrong. A holiday meal is not the ideal time to talk to your parents about their finances. Your efforts to discuss what could be an awkward topic could easily backfire. So before you say, “Mom and Dad, pass the turkey and let’s talk about your will,” consider the cons of trying to start this conversation during the holidays.

Topics: Financial Planning Planning in Advance Wills, Health Directives, Trusts
2 min read

Career Planning Tips for a Bright Financial Future

By EveryIncome on 10/18/21 1:34 PM

When most people intensify their financial planning efforts, career planning often falls by the wayside. Budgeting, debt reduction, and investing and saving strategies are typically the focus. However, career planning is a crucial part of preparing for your financial future. No matter how great you are at pinching pennies, a meager salary can put severe limits on the goals you are able to achieve. If you are considering your future financial plans, take some time to assess the state of your professional life. Follow these career planning tips to improve your economic outlook.

Topics: Planning in Advance Lifestyle Planning
2 min read

Why You Need Life Insurance For College Funding

By Mark Briscoe on 2/22/21 9:58 AM

If you have children or are planning to start a family in the future, you must be aware of higher education costs. If you have not yet adopted a saving plan, you might get yourself caught up in limbo. But do you know life insurance can be used as a funding source for your children's college fees? Yes, other than funds from your spouse's premature death, life insurance has a saving component known as cash value. This feature of life insurance gives an allowance of portions of your premiums to be invested.

Topics: Life Insurance Financial Planning Planning in Advance Benefits College

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