sheknows

Why Your Credit Score Matters

Practical Prosperity

A good credit score is essential to prosperity. Your credit score not only impacts your ability to get credit, it also impacts the interest rate you pay when you do use credit. Other than lenders, other companies use your credit score. A poor credit score can drive up the cost of your automobile coverage, or… Read More

Late Stage College Planning

College Planning – 7 Steps to Keep Your Money & Your Sanity

Late Stage College Planning Series - 1 of 7

One of the most financially savvy gifts a parent or guardian can give their child is to send them to college. Even with student debt, the difference in a college graduate’s lifetime earnings vs that of someone with only a high school diploma is substantial. This wage difference spread over 40+ years in the work… Read More

Beyond Life Insurance

Beyond Life Insurance – The Safety Net You & Your Family May Need

Practical Prosperity

Insurance is used to minimize the financial impacts of unpleasant events that can occur in a family’s life, so it’s no surprise that some folks become guarded and nervous when it comes time to talk about it. The combination of an unpleasant topic and an industry that is dominated by commissioned salespersons can rightfully be… Read More

IRA

The myRA Retirement Accounts are Now a Reality

Way back in February 2014, I penned a blog about a new option for workers whose employers did not have a workplace savings plan. It was dubbed the myRA and was designed as a starter savings account. President Obama discussed the new savings option in his State of the Union Address last year and the U.S…. Read More

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Good News for 529 Plan Savers

More Investment Flexibility

Call it a holiday gift. Thanks to legislation passed in December, beginning in 2015, owners of 529 accounts will be able to change the investment options on their existing plan contributions twice per calendar year instead of just once. This increased flexibility is a welcome option for parents and grandparents who use 529 plans to… Read More

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Four Questions to Ask Before You Open Your Wallet

Even if you have the best of intentions, it’s easy to overspend. According to a Gallup poll conducted June 9-15, 2014,* 58% of people who had shopped during the previous four weeks said they spent more at the store than they originally intended to. Even if you’re generally comfortable with how much you spend, you… Read More

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Life Insurance Riders that Pay for Long-Term care

Life insurance has many uses, including income replacement, business continuation, and estate preservation. Long-term care insurance provides financial protection against the potentially high cost of long-term care. If you find yourself in need of both types of insurance, a life insurance policy that combines a death benefit with a long-term care benefit may appeal to… Read More

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Scammers Targeting Vulnerable Elderly

FoxBusiness.com

reposted from FoxBusiness.comby: Andrea MuradOctober 29, 2014 Financial fraud is devastating to everyone, but it can hit the elderly especially hard. “If you’re 20 [years old] and something happens to you financially, you have a long time to make a difference,” says Mackey McNeill, founder, president and CEO of Mackey Advisors. “If you’re older and… Read More

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14 Ways to Survive the Holidays Without Breaking the Bank

Anyone who knows me well is aware of the fact that I go a little overboard during the holidays. I overload on movies like Elf, A Muppets Christmas Carol, and A Christmas Story. I have the Pandora Holiday station churning out one-hit wonders, and old standards. It is also not uncommon to see my best… Read More

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Sustainable Withdrawal Rates – Part 2

As mentioned in part I: Sustainable Withdrawal Rates, estimating the correct amount to withdraw from your retirement savings is critical in ensuring you make your investments last for your entire life as well as your spouses. Part II focuses on the various techniques that can be employed to minimize the risk associated with outliving your… Read More