With few exceptions, insurance is mandatory for Americans. Those who don't have a policy through work or, if self-employed, don't purchase their own policy, face tax penalties. You can open and invest in a Healthcare Savings Account (HSA) to take advantage of healthcare cost tax deductions--but doing so may require that you buy one of the more "deluxe" HSA-approved plans on the marketplace.
Here are some of the best financial lessons you can learn from the Women of Westeros.
GuideVine's Summer Scoop returns for 2016! From June 1st through August 31st, watch short daily videos from financial experts answering common financial questions. By the end of the summer, you'll be a lot more confident and knowledgeable about personal finance.
Understanding the cyclical nature of the market and your risk tolerance are key when putting together an investment strategy that can weather market turbulence. Incorporating core principles like an emergency fund and understanding tax planning will help create a solid plan for the future.
After years of discussion and an extensive review and consultation process with the financial services industry, the Department of Labor (DOL) has announced its final fiduciary rule. The new rule will require financial advisors in a variety of settings to act in their clients’ fiduciary interests when recommending investments, rather than rely on the less stringent “suitability” standard previously governing brokers.
“Life” insurance is sort of a misnomer. Other insurances like car insurance or home insurance help replace something so you can move on with your life. But of course, you cannot replace a life, so it really should be called “household income” insurance. And that’s what life insurance is really about – if something happens to an earner in your family, life insurance steps in to fill part or all the financial gap created by their untimely passing.
Insurance can be an important part of long term financial planning. However, before you purchase an insurance product, there are many types of considerations you should take into account. For example, what type of insurance product is appropriate for your personal situation, or how much should you spend on a particular policy?