The Long-Term Care Crisis

Long term care

Home Alone Nearly one-third of all seniors live by themselves, according to the U.S. Census Bureau. That’s close to 14 million seniors aging alone. This suits some seniors just fine, however it’s vital for seniors living alone to interact with others. The potential for a long-term care crisis looms. A recent article in the New […]

Inheriting Debt

inheriting debt

Debt is something that no one ever wants to deal with, but unfortunately, it’s something that many people must face. When someone dies, their estate is passed on to the beneficiaries listed in their will. This may include assets such as property and money, or it may consist of debts and other liabilities. If you’re […]

Avoid Running Out of Money After Retirement

running out of money after retirement

The current generation of retirees faces a greater risk of running out of money during retirement than any previous generation. Most retirees estimate they will spend less after retirement, but that is not always the case. Some expenses like travel and clothing may go down, but other expenses, such as medical bills and home maintenance, […]

Divorce and Its Alternatives

divorce

January is often dubbed “divorce month” as it’s the time when many couples call it quits. The reason for this surge in divorce filings is unclear, but experts speculate it could be due to the holidays (when people are not willing to divorce) or a desire to start afresh in the new year. Whatever the […]

Keeping Your Auto and Home Insurance Low

home and auto insurance

As a responsible adult, you know that you need to have auto and home insurance. But that doesn’t mean you have to break the bank to get it. In fact, you have many options to keep your rates low. On average, most homeowners pay over $1,300 a year on insurance. That can be a hefty […]

Back to Basics: Retirement Planning

retirement planning

You may have heard the saying, “it’s never too late to learn.” Well, that is certainly true when it comes to retirement planning. Even if you are considering retirement, there is still time to make smart decisions to help ensure a comfortable future. Let’s discuss the basics of retirement planning and answer some common questions. […]

Potential Benefits for Retirees in 2023

Benefits for Retirees

It’s never too early to start planning for retirement. The journey of financial independence begins now, and your decisions today will shape your retirement life. If you are a retiree, you have the potential to benefit from several changes and improvements. The government is constantly working to improve the retirement life of citizens, and 2023 […]

Time to Consider Long-Term Care

Long-term care

Most people don’t think about long-term care until they or a loved one needs it. Long-term care (LTC) is a type of care that includes personal and medical care services for people with chronic illnesses or disabilities. LTC can be provided at home, in the community, or in institutional settings such as nursing homes or […]

The Need for Estate Planning

need for estate planning

Estate Planning may seem intimidating, but it’s a necessary step in your financial planning process to protect your loved ones. Depending on the amount of your assets and other factors such as ownership in a business, estate planning can be simple Will The first, and most basic, step you can take is to create a […]

End of the Year Financial Checklist

End of the year

The end of the year is a time for reflection and goal setting. It’s also a great time to do financial housekeeping and ensure you’re on track for a successful year ahead. After all, planning can save you a lot of money and stress down the road. To help you get started, we’ve created this […]

Historical Facts about Recessions

Facts about Recessions

There is no doubt that a global recession would have a significant impact on businesses and individuals worldwide. During the Covid-19 pandemic, the United States reported the highest unemployment rate since the Great Depression. Many businesses were forced to close their doors due to decreased demand for their products or services. This led to mass […]

Succeed with Science

Succeed with Science

Career success isn’t a matter of luck. The Glassdoor website shares these tips, on how to succeed with science, for getting to the top: Walk Tall Research suggests that taller men and women have an advantage in the workplace. You may not be able to increase your height, but an erect posture and a confident […]

On-Air: Elizabeth Hiza on The InvestmentNews Podcast

Elizabeth Hiza, Chief Marketing Officer with Barnum Financial Group, was recently a guest on The InvestmentNews Podcast. Check out the episode summary below where Elizabeth talks about the growth mindset and listen to the episode on Spotify. EPISODE SUMMARY Veteran financial reporters Bruce Kelly and Jeff Benjamin talk to Elizabeth Hiza, Chief Marketing Officer at […]

5 Ways to Help Reduce Debt

5 ways to help reduce debt

Being in debt can be a stressful experience. It can feel like you’re barely scraping enough money together to cover your monthly expenses and save a few extra bucks just in case something unforeseen comes along. Since most people are naturally optimistic and it’s common to encounter financial difficulties in life, many people disregard debt […]

Approaching the Markets During Mid-Terms

approaching the markets for mid-terms

The relationship between mid-term elections and the stock markets has been well documented since 1946. This year’s mid-terms are expected to sway the current 50/50 split in the Senate to either side with 35 senate seats up for elections — 14 of which are currently held by Democrats and 21 by Republicans. Like most elections, […]

Thanksgiving Traditions (Old and New)

thanksgiving traditions old and new

Thanksgiving is a holiday that surrounds two of the most beloved ideas. Food and family. Whether you’ve been visiting grandma’s house for the last 15 years or you’re hosting for the first time, the same Thanksgiving traditions you know, and love, will carry over. But don’t be afraid to create some new traditions. Let’s look […]

Conquer Imposter Syndrome in Your Career

conquer imposter syndrome in your career

Imposter syndrome—the feeling that you’re not as talented as you think you are—is a common affliction that can hold you back in your career. To overcome the insecurity, follow this advice from the Inside Higher Ed website to conquer imposter syndrome in your career: Build your confidence The way to build confidence is to challenge […]

Socially Responsible Investing

socially responsible investing

A Heritage of Social Investing One thing that might surprise you about Socially Responsible Investing (SRI), also called Impact Investing, is that it isn’t a recent phenomenon – not even close. In the 18th century the Methodist church wouldn’t invest in companies that made or sold liquor, tobacco products or promoted gambling. Today, many Americans […]

Tax Planning for the Self-Employed

tax planning for the self-employed

Self-employment is the opportunity to be your own boss. To come and go as you please. And, oh yes, to establish a lifelong bond with your accountant. If you’re self-employed, you’ll need to pay your own FICA taxes and take charge of your own retirement plan. Here is some tax planning for the self-employed tips: […]

Open Enrollment 2022: What to Expect

Open Enrollment

There is a time each year, usually in the fall, when individuals can enroll in health insurance, make changes to their existing plan, or drop their coverage altogether. This time is known as the open enrollment period. Open enrollment often lasts for little more than a month. If you miss this window of opportunity, you […]

Everything You Need to Know About Medicare

Everything You Need to Know About Medicare

Medicare is a health insurance program of the United States government that subsidizes healthcare services. People of retirement age (65 and up), younger people who meet certain health criteria, and those with particular conditions are all eligible for the program. It’s segmented into other programs that protect a wide range of medical expenses, some of […]

The Fed Raised Interest Rates — How Will It Affect You?

Interest Rates

On Wednesday, September 21st, the Federal Reserve raised its key interest rate by 0.75 percentage points, following increases in June and July. The Federal Reserve has been increasing interest rates on loans at a rate not seen in decades, but its measures have so far done little to stop the sharp increase in prices. Annual […]

What to Know About Student Loan Forgiveness

Student Loan Forgiveness

By now, you know that on August 24th, the United States government announced that the U.S. Government plans to forgive $10,000 in student loan debt to those who qualify. But what are the qualifications? The U.S. Department of Education has already stated the applications to apply for student loan forgiveness will be ready by “early […]

The Silver Lining in Pink: Breast Cancer Awareness Month

Breast Cancer Awareness

The World Health Organization reports that breast cancer is still one of the two most frequent kinds of cancer worldwide. It accounts for 5% of all cancer-related fatalities each year. In any given year, more than 265,000 people in the United States may be diagnosed with this disease. There is, however, cause for optimism. Exciting […]

Restart Your Career After 50

Restart Your Career at 50

Starting a new career is always difficult, but the challenges can be even more daunting when you’re over aged 50. Don’t be discouraged, though. Restart your career after age 50 with AARP’s advice for getting hired when you’re no longer a spring chicken: Review your résumé Remove any mention of age from your résumé. Take […]

Insuring Electric Vehicles

Insuring Electric Cars

Electric vehicles (EVs) are becoming more commonplace each day. This is thanks to innovative battery technology, marketing centered around climate change and fuel efficiency. This also trickles down to electric vehicle insurance.

Social Security: 5 Things You’re Doing Wrong

Social Security: 5 things You're Doing Wrong

If you’re approaching your 65th birthday, odds are you’ve been inundated with documentation and advice about your social security options. It’s crucial to make sure you’re on solid ground with your finances as you get closer to retirement.

Avoid These 6 Retirement Mistakes

retirement mistakes

There are always pitfalls when building a financial plan. Retirement, included. Understanding and avoiding these 6 retirement mistakes will help you build a strong, secure and flexible retirement plan for you and your loved ones.

5 Ways to Fight Inflation

5 Ways to Fight Inflation

The optimist will say that we will weather this storm and come out better for it. The pessimist will have the opposite reaction, of course, and proclaim that there’s no end to this crisis in sight. But both can agree that we have options to stave off the effects of inflation.

10 Money-Saving Travel Tips

10 Money Saving Travel Tips

Follow these 10 money-saving travel tips when planning your next vacation to help make it more affordable, but it can be expensive to travel. However, there are ways to experience the trip of your dreams on a budget. Follow these money-saving tips when planning your next vacation to help make it more affordable. Join a […]

7 Smart Ways People Spend to Save

7 Smart Ways People Spend to Save

Frugal people are known for not spending money. This reputation harbors much truth, but not always. Frugality doesn’t mean pinching as many pennies as possible, it’s also a long-term strategy to save money. If you see a frugal person making a big purchase, you should be sure they’ve given it much thought. It’s possible to […]

6 Keys to More Successful Investing

6 Ways to More Successful Investing

A successful investor maximizes gain and minimizes loss. There’s never a guarantee that any investment strategy will be successful. All investing involves risk, including the possible loss of principal. Here are six basic principles that may help you invest more successfully. Long-term compounding can help your nest egg grow It’s the “rolling snowball” effect. Put […]

Inflation-Fighting Tips

Inflation Fighting Tips

It’s easy to see how inflation affects your daily life. Gas prices are higher. Electric bills are steeper. Wallets are thinner. But what inflation does to your investments isn’t always as obvious. Let’s say your money is earning 4% and inflation is running between 3% and 4% (its historical average). That means your so-called “real […]

Life Insurance as an Asset

Life Insurance as an Asset

Obtaining life insurance is a benchmark for many adults when building their portfolio. Earning income is one thing but protecting it for your loved ones upon your death is quite another. The primary objective of life insurance is providing financial support after you’ve passed. There are other benefits to permanent life insurance that you may […]

Financial Planning Issues for New Parents

financial planning for new parents

Having a financial plan in place for your child is essential. It’s important to understand the potential financial planning issues for new parents that could arise. What is it? As you prepare for life as new parents, it’s also time to prepare a new financial plan for your family or make any necessary changes to […]

Understanding Digital Wallets

A digital wallet, with a credit card floating in front of a smartphone. Title: Understanding Digital Wallets

Digital wallets are here to stay. They handle digital funds, credit cards, gift cards and more. Learn how to capitalize on this technology for your daily life. What They Are Digital wallets live on many mobile devices. They allow you to make purchases, store financial information, manage gift cards, and track your payment history. More […]

Get the Most Out of Your Amazon Prime Membership

Smartphone with Prime logo on it. Title: Get the Most Out of Your Amazon Prime Membership

Harness the power of your Amazon Prime Membership with these helpful tips. Find out more about Prime Wardrobe, Amazon Fresh, Amazon Smile and more. More than 200 million people subscribe to Amazon Prime worldwide which means a lot of people think it is worth the cost – $14.99 per month plus taxes or $139 per […]

ABLE Accounts – What to Know

ABLE accounts what to know

The Achieving a Better Life Experience Act of 2014 provides much needed assistance for Americans with disabilities. They’re able to design a financial plan to alleviate potential stress if they’re unable to perform their jobs. Millions of Americans with disabilities depend on a wide variety of public benefits for income, health care, food, and housing. […]

Financial Planning Through the Generations

Different generations of a family smiling and wrapping their arms around each other. Title: Financial Planning Through the Generations

Each generation – Gen Z, Millennials, Gen X and Baby Boomers – are at different moments in their lives that require their own age-specific financial goals and stress points. Learn where your financial focus should be today. While the old sayings of, “save early” and “don’t make emotional decisions” are still sound advice, approaching wealth […]

Handling Market Volatility

Handling-Market-Volatility

Investing in stocks and bonds can seem exciting and challenging, but it’s very important to understand how to handle your investments if the market turns volatile. Conventional wisdom says that what goes up, must come down. But even if you view market volatility as a normal occurrence, it can be tough to handle when it’s […]

Disability Insurance in Your Financial Plan

when to begin retirement planning growth

Have you talked with a financial professional about disability insurance coverage? It may benefit to seek out answers to questions you may not have thought to ask yet. this article is a great starting off point for that conversation. Save your money. Stick to a budget. Invest in a 401K. Plan for your children’s education. […]

Saving for Retirement and a Child’s Education at the Same Time

Saving-for-Retirement-and-a-Childs-Education-at-the-Same-Time

Saving for retirement and your children’s education are equally important, so understanding how to put away money for both is critical. You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and […]

When to Begin Retirement Planning

when to begin retirement planning growth

One of the most important questions about retirement is not only which age you’d like to retire, but when you should begin planning for it. These tips can help you with that decision. A basic principle for retirement planning is: It’s never too early to start. That said, there is no reason to be intimidated […]

The Risk of Disability

risk of disability

Protecting your income is an important and often overlooked step in financial planning, and since May is Disability Awareness Month, it’s critical to consider the risk of disability before it’s too late.