Is Disability Insurance Worth it?

Insurance: security, protection, coverage – overall, a comforting word that we welcome, especially in terms of our financial lives. There are numerous types of insurances in the financial world, and the variety of options can be daunting at times. Disability insurance is one type under the insurance umbrella that is often overshadowed by its peers, life and health insurance, despite it being just as important of a part in terms of your overall financial plan.

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Is it Time to Set Your Kids Financially Free?

Alp Atabek, AIF®

Alp Atabek, AIF®

Blog Post

Conversations that bring money into play are notoriously difficult to have. As parents, we want to help and support our children in every way we can – even if doing so is at our own financial expense. When it comes to setting your young adult kids financially free: When is it time to (forcibly) nudge them to spread their wings? Here are three questions to ask yourself and reflect on when determining if it’s time to cut the purse strings.   

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MONEY HACKS: Financial Literacy – Understanding Interest Rates

We’re more than halfway through financial literacy month! What steps have you taken to improve your financial knowledge and picture? In this video, we are focusing on interest rates and how they can shape your overall cash flow. I’ve talked to a number of investors who have recently refinanced their mortgage and/or consolidated credit card debt to take advantage of better interest rates. Check out some of the ways to advance your financial picture by reevaluating rates on your debt and your savings!

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MONEY HACKS: How Are You Celebrating Financial Literacy Month?

Did you know April is financial literacy month? To help expand your money know-how, we’ll be focusing on ways to improve your financial picture this month. This is particularly special to us because nearly every day we are working to help Americans get on track for their financial future. In the video below, I talk about some of the personal goals our team members have, and encourage you to share yours. 

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How Often Should You Check Your Retirement Accounts?

Kevin Major, CPFA

Kevin Major, CPFA

Blog Post

When first investing in a retirement plan, it can be hard to know where to begin. While you may feel like there’s a lot to manage, you might be surprised at how often you should actually be checking your account. The average investor usually doesn’t need to stress over the everyday changes in their portfolio. Anytime the markets are involved, you have to remember that they will naturally go up and down. You and I can’t control them, but even in volatility it’s important to stick to your game plan. If it is a long-term plan (retirement accounts), it is important to stay invested so you don’t miss out on potential growth.

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MONEY HACKS: What is Your Happy Place in Retirement About?

Earlier last week, CNBC published an article by financial planner, Ivory Johnson on the different ways you can be happy in retirement. This idea is something we talk about a lot when sitting down one-on-one with employees. We encourage individuals and couples to image their life in retirement while answering three questions: where are you, what are you doing, and who are you with? In this Money Hacks video, we go into not just saving for retirement, but how having a plan now can help you enjoy your retirement.

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MONEY HACKS: Where are you in your Financial Journey?

Each day, our team is meeting with individuals to help them make the best decisions for their financial lives. After more than 10,000 one-on-one coaching session, we know that each investor is unique; we all have different financial challenges, goals, and priorities.  So, we’ve created the “Financial Wellness Hierarchy.” It’s a road map that leads you, step-by-step, in making the best decisions for your financial life – beginning with key foundational pieces such as developing emergency savings. Check out this short Money Hacks video to find out more.

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MONEY HACKS: Will You be Surprised by Your Tax Refund?

With less than 60 days away from the tax filing deadline, there have been many individuals and families surprised by their tax refunds (or lack thereof!). Last year, the new Tax Cuts and Jobs Act went into effect. This sweeping law lowered tax brackets for most American workers, while also changing the way some filers can take itemized deductions. In this Money Hacks episode, Alex talks through the different changes you need to be aware of when filling your taxes and, most of all, preparing for 2019.

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MONEY HACKS: How are You Doing with Retirement Savings?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

Special guest and newest member of our AFS 401(k) team, Allison Rosenberg joins me in this Money Hacks episode. She brings years of real-world financial coaching experience and is here to answer one important question — How can you measure if you are on track for your retirement?

With this simply idea, you don’t need a phone or calculator. All you need is to know how much you have in your retirement account and open ears. We’ll walk you through a simple calculation to determine if you have enough retirement savings. If you find yourself on good terms great but if not we’ll also give a few tips to help you catch up.

 

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